PCCW News ! - 500 Beiträge pro Seite

[Lachmann]

hu, 24 Feb 2000, 8:45am HKT
Cyberworks, Legend to Provide Broadband Services, SCMP Says
By Paul Scanlon
Hong Kong, Feb. 24 (Bloomberg) -- Pacific Century Cyberworks
Ltd., the biggest Internet company in Asia outside Japan by market
capitalization, will provide broadband multimedia services in
China through Legend Holdings Ltd.`s personal computers, said The
South China Morning Post, without citing its source of
information. The alliance between Cyberworks and Legend, China`s
No. 1 computer maker, will be called Legend-NOW after Cyberworks`
`Network of the World` broadband service. About 2 million people
in China per year will have access to the broadband service
according to estimates, the newspaper said.
Legend plans to expand its Internet portal business this year
having already developed the Web site www.fm365.com, while Pacific
Century CyberWorks Ltd. is seeking to borrow as much as $10
billion in what`s set to be Asia`s biggest loan to finance a
proposed merger with Cable & Wireless HKT Ltd.

[brokerA]

Hallo Lachmann,
danke für diese gute Nachricht.

Gute Nacht
BROKERA

[mirus]

Hi, Lachmann!

Besten Dank für diese gute Nachricht - war ja schon höchste Zeit - jetzt geht`s wieder aufwärts.

Gruß - mirus

[mirus]

Hi, Leute!

Die gute Nachricht wirkt schon und die Talfahrt dürfte somit ein Ende haben:
PCCW, Hongkong: PLUS 5,226%, 24.2., 10.31 Ortszeit

Gruß - mirus

[JOHN MAYNARD]

Guten Morgen,
live aus Hongkong die Meinungen einiger Brokerhaeser zu PCCW und CW HKT:
HANI SECURITIES macht fuer den Kursrueckgang bei Schwergewichten HKT und HSBC amerikanische Investmenthaeuser verantwortlich.
KINGSWAY Securities bekraeftigt soeben "STRONG BUY" Einstufungen sowohl fuer PCCW als auch fuer HKT. Man geht davon aus, dass eine Einigung unmittelbar bevorsteht und ein wie auch immer gearteter Merger fuer beide Parteien ein Gewinn ist. Als Kursziele werden kurzfristig fuer HKT 28HK$ und fuer PCCW 32HK$ genannt (beides entspricht etwa den alten Hoechststaenden).
MANSION HOUSE weiss sogar noch mehr und sagt, dass am Freitag ein Uebernahmeangebot abgegeben wird, gesprochen wird von eine PCCW plus 8HK$ (ca.1EUR) fuer eine CW HKT. Vermutlich wolle man eine Beteiligung unter 35% eingehen, um nicht ein generelles Angebot machen zu muesen. Im vorne beschriebenen Fall muesste PCCW ca. 33MRD HK$ aufwenden. Mansion House empfiehlt lediglich CW HKT unter 24 HK$ zum Kauf und ist fuer PCCW neutral bis negativ eingestellt, aufgrund von Arbitragestrategien, die fuer die kommende Zeit erwartet werden.
Soviel aus Hongkong!Schoenen Tag an Alle!

John Maynard

[mirus]

Hi,

Hongkong, 24.2., 11.33 Ortszeit: PLUS 6,651%

Endlich geht`s wieder bergauf.

Gruß - mirus

[robbinett]

Soweit unser Live-Kommentator aus Hongkong !

Vielen Dank John und weiter so

[firstscholle]

Einen Guten Morgen wünscht Firstscholle!!!!!
Kann mir jemand den genauen Unrechnungskurs zum HK $ nennen???

Danke Euch!!!

Firstscholle

[Jasmin B.]

Ich weiß ihn nicht, ich selber rechne mit 7.5

[calculate]

1 EUR = 7,7926 HKD

[speku]

speku,

1€ = 7,7959HKD

[thommes]

Wie lautet der yahoo-Link zu den pccw-kursen in asien?

[Fis]

quelle: www.e-finet.com:


Dao Heng Securities 24.02.00:

PCCW (1186) BUY

$21.05

Market talk has it that PCCW will invest in Legend (992) $33.00 Hold, and that Legend has reached an agreement with PCCW to install software for using PCCW`s broadband services (NOW) on its PCs and to manufacture set-top boxes. Legend`s share price shot up 13% yesterday.

If the JV materialises, we believe it will be positive to both companies. Legend already has over 25% market share of China`s PC market, and this will provide an effective channel for promoting PCCW`s broadband services.

Additionally, Pacific Convergence could provide contents for Legend`s portal, fm365.com. Currently the portal provides six channels, which includes news, education, entertainment, life style, stock market and shopping information.

Elsewhere, the share price of China Data Broadcasting (8016) $14.10, an Internet set top box play, surged 38% yesterday. The company is engaged in the research and development of hardware and software for data broadcasting businesses in China and has recently formed a strategic alliance with Hei Long Jiang Securities to promote its financial TV set top boxes in Hei Long Jiang province.

[hami]

http://www.oanda.com/converter.classic

[Carsto1]

Hong Kong, Feb. 24 (Bloomberg) -- Pacific Century CyberWorks Ltd., Asia`s third largest Internet company, and its largest shareholder, Singapore-listed Pacific Century Regional Development Ltd. rose on reports that CyberWorks will submit Friday a takeover offer for Cable & Wireless HKT Ltd., Hong Kong`s largest fixed- line telephone company. Local media also reported that Cable & Wireless Plc, which holds a 51 percent stake in HKT, will hold a board meeting Saturday to discuss the proposal. The Hong Kong Economic Journal reported, without citing sources, that CyberWorks will offer HK$8 in cash and one of its own shares for each HKT shares. A spokesman for HKT declined to comment on the reports. CyberWorks rose as much as 9.3 percent to HK$23, and recently traded at HK$22.20. Pacific Century Regional Development rose as much as 11 percent to S$28.50, and recently traded at S$28. HKT rose 5.5 percent to HK$25.10

[richperson]

Hallo liebe PCCW-Aktionäre,

PCCW im neuen Heft der Tele-Börse.

hab heute das Heft Tele-Börse am Kiosk geholt. Auf Seite 18 kommt ein 1 Seitiger bericht über Richard Li und seinen Werdegang sowie einiges über PCCW. Die Aktie wird mit hoher Chance mit hohem Risiko bewertet.

[CPD2000]

Donnerstag, 24. Februar 2000, 12:00 Uhr

CyberWorks und Bowman wollen gemeinsam in junge Technologiefirmen investieren
HONGKONG (dpa-AFX) - Die Hongkonger Internetholding Pacific Century CyberWorks Ltd und der Wagniskapitalfinanzierer Bowman Capital Management wollen gemeinsam in junge Technologiefirmen investieren. Wie beide Unternehmen am Donnerstag bekannt gaben, wollen sie sich an nichtbörsennotierten Firmen Asiens beteiligen.
Bowmann Capital wird sich den Angaben zufolge hauptsächlich um die Auswahl der Unternehmen kümmern, denen Pacific Century Cyberworks bei dem Entwurf und der Umsetzung ihrer Geschäftspläne assistieren soll./cs/ub

http://de.biz.yahoo.com/000224/34/lc0u.html

[Krock]

Hi,
vielleicht schon mal gepostet ?

Pacific Century Regional Surges on Speculation HKT Bid Close
2/23/00 8:12:00 PM
Source: Bloomberg News



Singapore, Feb. 24 (Bloomberg) -- Pacific Century Regional Developments Ltd. rose as much as 10.9 percent on
speculation its Hong Kong unit, Pacific Century Cyberworks Ltd., will soon detail an offer for Cable & Wireless
HKT Ltd., traders said. The Hong Kong Economic Journal, Hong Kong Economic Times, Ming Pao Daily, and
Sing Tao Daily all cited unnamed sources saying a bid could happen late this week or early next week. Pacific
Century Regional Developments Ltd., the most active stock by value, rose S$2.30, or 9.0 percent, to S$28.00. Its
shares had fallen for 6 consecutive days and the gain was also aided by a 3.8 percent rise in the U.S. Nasdaq
Composite Index.

Quell: http://www.cnetinvestor.com/newsitem-fd-bloomberg.asp?symbol…

Gruß Krock

[Krock]

Und gleich nochmal :-)

10:56

PCCW (1186) will provide broadband programmes to Legend`s (0992)
customers


(Infocast News) As quoted by Sing Tao, a source said that Legend (0992) has entered into an agreement with PCCW (1186)
to form a strategic alliance to enter the mainland Interactive digital visual market, whether or not the cooperation will involve
shares swap is unknown.

PCCW will form a joint venture with Legend - Legend-NOW (Network of the World), to match with PCCW`s digital visual
and broadband online technology development. Consumers can see the content provided by PCCW`s Pacific Convergence
Corp (PCC) through Legend`s computers.

"NOW" is the focal development of PCCW`s PCC. "NOW" can provide integrated interactive digital visual and online
services in Asia through PCCW`s satellite broadband platform.



(24/02/00)

Quelle:http://www.infocastfn.com/news/02-24-2000-31-14783eng.html

[Krock]

PCCW in aller Munde !

http://cnn.com/ASIANOW/asiaweek/magazine/2000/0225/biz.inves…

Gruß Krock

[Otiradi]

Hallo Krock!
Der Artikel ist wirklich recht gut. Er bestätigt auch meine Meinung von der chinesischen Mentalität. Hier ist nicht nur Richard Li am Werk, hier arbeitet die ganze Familie, wie das bei Chinesen der Fall ist. Ich bin davon überzeugt, dass es für Li-ka ching ein Gesichtsverlust wäre, wenn seine Familie diesen Deal nicht machen könnte. Was das für Chinesen bedeutet muss sicherlich nicht doppelt erwähnt werden. Abgesehen von der politischen Betrachtungsweise bezüglich der Aversionen gegen Singapore ist PCCW der Favorit für die Übernahme. Ich finde es müssig, immer diese wahnwitzigen Kurssteigerungen ins Spiel zu bringen, die sowieso den Kurs bei dieser Grössenordnung und dem geringen Einfluss der Börsen in Deutschland beinflussen können. Für mich ist PCCW eine absolute Perle (auch diese wachsen ja bekanntlich sehr langsam) und wird dann um so mehr erstrahlen. Ich glaube an diese Aktie und werde längere Zeit der Inhaber einer nicht zu geringen Anzahl bleiben.
Otiradi

[millionen]

Hi Jungs und Mädels,

habt ihr das auch eben auf n-tv gesehen und gehört ? . . .! ! !
In China ist unter der Bevölkerung /Anlegern ein Internetfieber ausgebrochen ! ! ! . . .
Dort stehen die Menschen schlange vor den Banken um Tom.com zu zeichnen - sie sei bereits 1500-fach überzeichnet ! ! !

Meine Frage: ist Tom.com nicht eine Beteiligung von PCCW ?
Ich meine das irgendwo einmal gelesen zu haben - wenn ja dürfte das dem Kurs vermutlich etwas auf die Sprünge helfen.

Wer weiß welche Beteiligungen die PCCW hält ? - Quasi die "Zusammensetzung" der PCCW.

[Afra]

Kann mir jemand sagen was PCCW überhaupt genau macht ??
Danke im voraus

[andrecon]

When the Rich Get Richer
PACIFIC CENTURY CYBERWORKS

The Li family`s ambitions go far beyond HKT
By ALEXANDRA A. SENO and ASSIF SHAMEEN Singapore
When does a dominant company become domineering? At what point is a pervasive presence actually oppressive? No credible person would claim that the business holdings of Li Ka-shing and his family have moved beyond the limited-but-still-impressive confines of dominant and pervasive in Hong Kong to something darker. But in terms of naked size, the Li empire has certainly become large enough to notch a milestone: Even before the outcome of Pacific Century CyberWorks` (PCCW) high-profile pursuit of Cable & Wireless HKT is known, Li and his sons, Richard Li Tzar-kai, 33, and Victor Li Tzar-kuoi, 35, control companies that represent a quarter of the total market capitalization of Hong Kong`s listed companies. And if HKT is added, the share rises to nearly one-third.

ALSO IN ASIAWEEK Cover: Show Me the Stock Options!
Armed with stock options and capital, recruiters are stalking rare tech talent
Through the Back Door
Hong Kong`s red-hot technology boom is being fueled by reverse takeovers of small and slow-moving companies
When the Rich Get Richer
The Li family`s ambitions go far beyond HKT
Shrugging Off (Steve) Jobs
NatSteel Electronics expands beyond Apple
Viewpoint: Reform UMNO
Malaysia`s dominant party needs to re-examine itself
This is all too much for some critics. Hong Kong legislator Fred Li Wah-ming says the biggest potential problem is the Li family`s political influence: "With all the companies he owns, I am afraid Mr. Li Ka-shing is becoming too influential under [Chief Executive] Tung Chee-hwa`s government." Hogwash, say others, who point out that the main Li companies are either in competitive industries (like property company Cheung Kong) or in long standing oligopolies in which there has been little recent change (like supermarket chain Park `n Shop).
Li Ka-shing, 71, and his family have seen a recent spike in their wealth. The explosive stock market valuations of, especially, Internet and telecommunications stocks have boosted the value of Li Inc. PCCW, for example, only went public 10 months ago and is now roughly 760% higher than it was six months ago. Add to this the dramatic gains from the elder Li`s sale of Orange cellular subsidiary to Mannesmann in October and the subsequent Mannesmann merger with Vodafone-AirTouch (Li`s earnings for both: probably under $24 billion), and you have short-term wealth creation that rivals that of even the richest Internet entrepreneurs.
The end of this string is not in sight. The current effort by Richard Li`s PCCW to buy a piece of HKT in fact probably signals more of a beginning than an end. Just four weeks ago, HKT and Singapore`s dominant telephone company, Singapore Telecommunications, announced that they planned to join as a "merger of equals." In fact, the companies were surprisingly similar in their backgrounds and in their bleak futures: Both were facing an era of declining revenues and the onslaught of nimble, more efficient competitors. Each had only size, tradition and ubiquitous fixed-line phone networks on its side. But the merger announcement awakened other potential suitors to look at what HKT had to offer.
Richard Li clearly saw a company with at least some valuable parts. He hasn`t commented, but analysts say it is unlikely that he would keep HKT intact. The telephone company can be neatly divided into four main pieces, three of which probably won`t be part of Li`s plans. Fixed telephone lines to residential and business customers, international direct dialing, and mobile telephony are the three to be discarded (which is not to say they don`t have value). For PCCW, HKT`s new Web-based businesses - an Internet service provider with more than 600,000 customers, a joint venture with Rupert Murdoch`s STAR TV to provide content over a broadband network, and a variety of smaller deals like one with stock brokerage Jardine Fleming to offer online stock trading - are the main attractions. As well, parts of the older operation like customer contacts with 97% of the Hong Kong populace could also prove valuable.
The view that HKT is worth more piecemeal than as a whole should give pause to Asia`s traditional telephone companies, many of which are facing some of the same challenges as HKT and reacting in similar ways. Will Telekom Malaysia be next? Or Korea Telecom? In both cases, the biggest shareholder is the government. And if the governments hope to unlock value in the companies before the industry changes in ways that make them worth much, much less, breaking them apart may be the answer. After all, few people would dispute the economic advantages to opening telecommunications markets and spurring competition (although the forces opposed to change such as unions and entrenched business interests can obviously be powerful lobbies as well).
In HKT`s case, the fact that PCCW is probably not so interested in the company as a whole suggests it will team up with someone who wants the pieces it doesn`t. Speculation over potential partners has ranged from SingTel itself (now discounted as unlikely) to dominant global players such as Germany`s Deutsche Telekom or the Concert partnership between AT&T and British Telecom. Vodafone, of which Li senior is now a significant shareholder, is a potential buyer of HKT`s cellular operations. But Li may balk since Hutchison Telecommunications Group, his existing cellular phone company in Hong Kong, already has more than one-quarter of the market and may not want to pay the going price for HKT`s quarter-share.
Richard no doubt would like to transform some of his paper wealth into the kind of hard assets HKT has. But Cable & Wireless surely prefers to sell its 54% stake in HKT for hard cash rather than PCCW stock, which might be inflated. This might not prove to be such a stumbling block, however. Li has already proved adept at leveraging his paper wealth into real strength. PCCW easily raised $1 billion in a share placement on the Hong Kong stock exchange last week, and a consortium of banks led by the Bank of China seems willing to come up with a syndicated loan of another $8 billion. Add in a cash-rich partner like Deutsche Telekom and the method of payment begins to fade in importance.
Politics may prove a stickier problem. Chinese leaders in Beijing have long disapproved of a British company`s dominant ownership in the SAR`s primary phone company. What would they think of that same telephone giant being controlled by a Singapore company? Not much. Put more bluntly: Was the rapid emergence of Hong Kong-grown PCCW as a rival to SingTel in the battle for HKT a coincidence? Or did Beijing ask the Li family, which it has favored in the past, to step in? Hong Kong officials denied that Beijing had any influence in the situation, which immediately made people think the opposite. The fact that SingTel, which is owned 76% by the government`s investment company, Temasek, seemingly bowed out of the bidding so quickly may represent prudence on the part of a government that would rather not anger the overlords of the world`s biggest growth market. Going forward, it is hard to say how the politics in the case will play out. But don`t be surprised if PCCW or another Beijing-friendly company emerges as the dominant partner in a HKT buyout.
Of course, Singapore may simply have recognized there was no point in getting into a bidding war with "Superman" Li. Anthony Chan, a journalist-turned-academic who wrote Li Ka-shing: Hong Kong`s Elusive Billionaire in 1996 and now teaches at the University of Washington in Seattle, thinks Li is motivated mostly by a desire to be a major player in the United States: "He wants to be big enough to get to the American market. That`s what is driving him. He probably looks enviously at the AOL-Time Warner merger." Chan says he is sure that the elder Li is driving the HKT deal - not Richard. "He certainly wants to set up a situation where people go to Richard. But the power behind the throne is Li Ka-shing." In other words, even if the Li family does come to control one-third of Hong Kong`s stock market, that still leaves Superman a big fish in a small pond. Until he shifts his focus, staying out of the way might be the wisest course of action.

[ASIAN BROKER]

tom.com sieht folgendermaßen aus:
32% Hutchison
19% Cheung Kong
4% PCCW.

[Krock]

Hi millionen,
den Artikel den du warscheinlich meinst ist dieser.
Er wurde am 22/02 gepostet.

PCCW (1186) acquires tom.com, 28% to 40% lower
than issue price


(Infocast News) Pacific Century CyberWorks (1186) (PCCW) has earlier acquired 4.25% of
tom.com (8001). As reported by Hong Kong Economic Times, the acquisition price paid by PCCW
was $1.07 per share, 39.88% and 27.7% lower than the highest and lowest offer prices of $1.78 and
$1.48 respectively. Hence, PCCW has earned a book value of $86 million even if the share price of
tom.com does not rise after listing.

The report stated that the Stock Exchange of Hong Kong requires that share issue price cannot be
lower than offer price during the 6-month period prior to the company listing on mainboard. As
quoted, spokesman of Hutchison Whampoa (0013) (HWL) said that this is not a requirement in
GEM. The IPO paper of tom.com does not state the time of PCCW`s acquisition in tom.com.

(22/02/00)

Für die Ungläubigen -> http://www.infocastfn.com/news/02-22-2000-52-14348eng.html

Und das mit der berzeichnung hat auch schon wieder neue Dimensionen
angenommen.

18:56

tom.com oversubscribed 2600X grey
market price at $10-11


(Infocast News) A source close to BNP Prime Peregrine, the sponsor of
tom.com, disclosed that there is 2600x oversubscription of tom.com
IPO, far breaking the record kept by Beijing Enterprises (0392). It is
believed that the freezing capital is up to $200 billion. The subscription
cost of tom.com is $7.8 to $8 per share (the offer price $1.78 plus the
interest cost between $6.02 and $6.22). There are many tradings at the
prices amounting to $10 to $11, 4.6 times to 5.18 times higher than the
offer price, in grey market.

Calculated at the interest rates between 6.5% and 8.5%, the company
will have interest income amounting to about $180 million to $230 million
from the freezing capital.

(24/02/00)

Quelle: http://www.infocastfn.com/cgi-bin/newengframe.pl/./news/02-2…

Mein Kommentar: Stay long.....

Gruß Krock

[millionen]

Hallo Krock,

Du bist ein Schatz ! . . . Danke!

Ich versuche mir gerade klarzumachen, was all die machen werden, die keine Tom.com bekommen werden. In welche Aktien werden die wohl reingehen ? Hast Du das im Fernsehen gesehen - solche Menschenschlangen habe ich noch nicht gesehen.

PCCW soll aus mehr als 28 Beteiligungen bestehen - Würde zugern wissen, welche dies sind - Leider sind meine Englischkenntnisse nicht so supergut, so daß ich durch die dt. Beträge durcharbeite.

Ich glaube, daß auch andere nicht so genau wissen, was sie besitzen - Also wer weiß etwas ?


Bis dann . . . Gruß millionen

[Krock]

Hi millionen,

kann dir deine suche etwas erleichtern/verkürzen. Hier eine kurze
Zusammenstellung des Portffolios von PCCW und Kurzbeschreibung der
Beteiligungen.

Lets go...

Das PCCW Portfolio

CASH on-line, Inc
City Telecom (H.K.)
CMGI, Inc.
CMGI Asia
Digiscents, Inc
Equinix, Inc
Golden Power
Horizon.com Ltd
iLink.net
Outblaze
SilkRoute Holdings Pte Ltd
SoftNet Systems, Inc
Spike Networks
StarEastNet
Total E-Commerce Ltd


Miscellaneous
Estimated total cash invested in disclosed transactions:US$273m. Note
that some, such as ActionAce and Equinix, involved undisclosed
investments amounts not included in this figure.

Earmarked for projects: US$378m (CMGI Asia), US$289m (Pacific
Convergence Corp).


Digiscents, Inc
On 1-Feb-00 PCCW announced that it had subscribed 12.5% of
Digiscents, Inc for US$10m in cash. The privately-held US company is
working on the internet`s answer to smellyvision.


CMGI Asia
On 25-Jan-00 PCCW announced that it had agreed with its then 4.9%
shareholder CMGI, Inc to set up a 50:50 joint venture, CMGI Asia, which
will in turn form joint ventures with the majority-owned operating
companies of CMGI to cover the Asia-Pacific region. In each case, CMGI
Asia would have at least a 60% interest in the joint ventures, giving PCCW
at least a 30% interest in the regional projects.

The first four ventures to be brought to Asia were named as Altavista,
Engage Technologies, iCast and 1ClickCharge. Altavista is a well-known
search engine-cum-portal. Engage is an online advertising and agency.
iCast is a start-up developing an entertainment site (streaming music and
video). 1ClickCharge is a start-up micro-payment system for small-ticket
transactions on the web. At the time of the announcement, no detailed
terms for the individual joint ventures had been determined.

PCCW said it had "earmarked" about HK$2,945m (US$378m) for
investment in CMGI Asia out of the proceeds of a placing conducted on the
same day.


Horizon.com Ltd
On 13-Jan-00 PCCW agreed to subscribe 2.78m shares in Horizon.com
Limited at S$1.88 per share, for a total of S$5.23m (US$3.2m), as part of
that company`s IPO on the Stock Exchange of Singapore. The shares
represented 5% of the company`s enlarged issued share capital. The
company operates a community portal in Singapore.


Golden Power
On 28-Dec-99 Tokyo-listed Hikari Tsushin, Inc and PCCW announced a
proposed takeover of HK-listed battery-maker Golden Power International
Holdings Ltd. In this deal, PCCW would subscribe 233.4m new shares in
Golden Power at HK$0.90 each, for a total of $210.1m (US$27.0m) in
cash, while Hikari would subscribe 595.1m shares at the same price per
share for a total of $535.6m (US$68.8m) in cash. As a result, Hikari and
PCCW would own 51% and 20% respectively of Golden Power.


Spike Networks
On 21-Dec-99 PCCW announced an agreement in principle to form an
A$77.8m (US$48.8m) joint venture with Spike Networks, which is an
Australian-listed web design company. Spike will inject its "global services"
business into the joint venture in exchange for 70% of the equity at an
agreed value of A$54.5m (US$34.2m) while PCCW will inject unspecified
assets (perhaps cash) for 30% of the JV at an agreed value of A$23.3m
(US$14.6m). PCCW has been granted a two year option to increase its
equity in the joint venture to 50% at a subscription price of A$31.2m
(US$19.6m).

At the same time, PCCW will subscribe 4,661,575 shares in Spike
Networks at a price of A$1.25 per share, for a total of A$5.83m
(US$3.66m) in cash. The shares represent 5% of the enlarged issued
share capital of Spike Networks.

PCCW also has an option to acquire an additional 10% of the share capital
of Spike on a fully diluted basis at a price of A$1.45 per share (which is
equivalent to its issue price on IPO). That option is exercisable at any time
within 12 months of the above allotment.

Separately from the JV, Spike also runs an online youth-targeted radio
station called Spike Radio.


Total E-commerce Ltd
On 21-Dec-99 PCCW announced a joint venture with HK-based NetCel
Holdings Ltd to form a 50:50 joint venture called Total E-commerce Ltd,
operating the web site totalecom.com. PCCW will subscribe US$30m for
its 50% stake, while NetCel Holdings will inject an unspecified percentage
of NetCel360 Ltd, presumably valued at US$30m. Other shareholders in
NetCel360 include Baring Asia Private Equity Fund, Softbank China
Venture Investment Ltd, Bain & Company and CMC Magnetics Corp.

The firm plans to be a pan-asian business-to-business e-commerce
solutions provider, doing things such as web-hosting, web design and
maintenance and call centre support. NetCel was founded in Jun-99 by the
former President Asia-Pacific of Dell Computer and by the Managing
Director of Chinavest.


Equinix, Inc
On 2-Dec-99 PCCW announced that it had invested an undisclosed
amount alongside several other investors in the second round of financing
(totaling US$80m) for Equinix, which is building a network of data centres
(server farms) with plans for 15 in the US and 20 in the rest of the world.


City Telecom (H.K.)
On 3-Nov-99 PCCW subscribed 38.4m shares in City Telecom (H.K.) Ltd
at HK$5.60 each, for a total of about $215m (US$27.6m) in cash. The
shares represented 7.88% of CTI`s enlarged issued share capital.


CASH on-line, Inc
On 14-Oct-99 it was announced that PCCW would subscribe 44,000
shares of CASH On-line, Inc, which is an unlisted subsidiary of HK-listed
Celestial Asia Securities Holdings Ltd (CASH) for HK$39m (US$5.0m).
The shares represented 5.07% of the enlarged issued share capital.

This followed a subscription announced on 6-Sep-99 by a Taiwanese
private company called Fortune International Limited, to subscribe 43,000
shares of CASH on-line for US$4.5m (HK$34.83m). Fortune is owned by a
group of individual investors and managed by an unnamed Taiwanese
investment manager. Fortune had an option to subscribe a further 43,000
shares for the same amount, US$4.5m, within 3 months of the original
subscription completion, which occurred on 15-Oct-99. That option was
extended by 6 months on 18-Jan-00 for no consideration

The other investor in CASH on-line is Hikari Tsushin which, as announced
on 17-Aug-99, agreed to subscribe 117,000 shares in CASH on-line for
US$8m. Hikari was also granted a 3-month option to subscribe 70,000
shares for a further US$7.8m. This was exercised on 28-Oct-99. As a
result, CASH owns 70.76% of CASH on-line, Hikari Tsushin owns 19.96%,
PCCW owns 4.70% and Fortune owns 4.59%.

CASH on-line through wholly-owned subsidiary e-finance.com.hk Ltd runs
a consumer financial information site. Another wholly-owned subsidiary
runs internet securities broking services which are also accessed over
mobile phones. Celestial Securities Limited, a wholly-owned subsidiary of
CASH (but not of CASH on-line), is a member firm of the Stock Exchange
of Hong Kong and presumably takes orders from the CASH on-line
subsidiary. It is not clear what commission arrangements exist between
the two.


SoftNet Systems, Inc
On 13-Oct-99 PCCW announced a subscription of 5m shares in
Nasdaq-listed SoftNet Systems, Inc at US$25.75 per share, for a total of
US$128.8m (HK$998m) in cash. The issue was done at market price, and
the shares represented 22.5% of the enlarged issued share capital of the
company. Deutsche Bank advised PCCW on the deal.

SoftNet works through its wholly-owned subsidiary ISP Channel with small
and medium-sized cable TV companies in the US to offer their customers
broadband internet access. It installs cable head-ends needed to offer the
service, and then connects the cable system to the internet (often by
satellite) and provides customer support. As of 15-Sep-99 it had over
6,000 customers.

SoftNet also sells commercial internet connections using leased capacity
on satellites through its wholly-owned subsidiary Intellicom, Inc. The
service can be used by schools or small community ISPs and is
complemented by caching technology to reduce bandwidth usage.

PCCW and SoftNet were negotiating terms for a proposed joint venture
called Pacific Century SoftNet to provide services to Asian cable TV
operators using SoftNet`s know-how.


SilkRoute Holdings Pte Ltd
On 9-Oct-99 PCCW announced agreements to take a 25.1% stake in
unlisted SilkRoute Holdings Pte Ltd of Singapore. PCCW subscribed
18,130 shares in unlisted SilkRoute for US$15.85m, comprised of US$6m
in cash and 11,759,953 new shares in PCCW. It also purchased 12,435
shares in SilkRoute from the existing management shareholders, in
exchange for 13,216,650 new shares in PCCW worth US$11.07m.

SilkRoute started as a web design company in 1994 and has moved on to
incubating other web sites. It`s web design work is now carried out by a
subsidiary called Latitude Web. On the venture side, the company has
undisclosed stakes in Webexpress, which provides content management
services to update clients` corporate web sites, and Transparity, which
develops internet security software in Singapore. Transparity is a joint
venture with Kent Ridge Digital Labs, owned by the Singapore
Government. Another SilkRoute investment is Collective Juice, which is a
Singapore-based reverse auction and buying-club site.

SilkRoute has an associated company (unknown percentage) called
Advanced Manufacturing Online Ltd which provides web-based supply
chain management services for manufacturing businesses. If AMO is
floated, then PCCW has an option to acquire another 4.9% of SilkRoute for
US$6.5m, exercisable within 3 months of the listing. Investors in AMO
include 3i Group plc, AsiaTech Ventures, Goldman Sachs, Doll Capital and
Morgan Stanley.


StarEastNet
On 28-Sep-99 it was announced that PCCW had subscribed US$10.6m
(HK$81.8m) in cash for 100 shares equal to 10% of the enlarged issued
share capital of Star East Information Technology Corp (SEIT). At the
same time, it acquired a further 10% from the existing shareholders in
exchange for the issue of 11,719,994 new shares at HK$6.98 per share, or
HK$81.8m in total. 7% was sold by HK-listed ITC Corporation Ltd and 3%
by a "group of entertainers".

SEIT runs StarEastNet, a Chinese-language youth entertainment site.

PCCW was granted an option to subscribe US$13.7m (HK$106.3m) for
another 100 shares in SEIT for 12 months from the completion of the
subscription. The same option was granted to existing shareholder Hikari
Tsushin.

ITC also granted PCCW an option to purchase 5% of SEIT from ITC at a
15% discount to the initial public offer price in the event that SEIT is listed
on Nasdaq within 24 months from the completion of the subscription.

The deal followed an earlier deal between SEIT and Hikari Tsushin
announced on 23-Aug-99 in which Hikari subscribed 20 shares in SEIT
then representing 10% of the issued share capital for US$9.5m
(HK$74.1m) and was granted an option by ITC to purchase 7% of SEIT for
US$6.65m within 30 days after the launch of the web site. The group of
entertainers also granted Hikari an option over 3% of SEIT. Both options
were exercised prior to the introduction of PCCW.

As a result of the above (and prior to the new options being exercised by
Hikari or PCCW) the effective shareholdings are ITC: 27.2%, Star East
Holdings: 24.3%, PCCW: 20%, Hikari Tsushin: 18% and entertainers:
10.5%.

Star East Holdings and PCCW agreed to hold 20% each of their holdings
in a joint-venture vehicle to provide them with a 40% management block.


CMGI, Inc
On 23-Sep-99 PCCW announced a share swap with Nasdaq-listed CMGI,
Inc in which PCCW would issue 448,347,107 new shares in exchange for
4,057,971 common shares in CMGI. As a result, PCCW then had a stake
of 3.4% in CMGI (or 3.2% assuming conversion of outstanding preferred
stocks) while CMGI had a stake of 5.5% in PCCW. The day before the
share swap, PCCW closed at HK$6.45 while CMGI closed at US$82.8125,
and both sides agreed the respective shares being issued were worth
US$350m, representing a discount of 6.2% on PCCW`s shares and a
premium of 4.2% on CMGI`s shares.

CMGI has since split its stock 2 for 1.

CMGI is a company originally known as College Marketing Group, which
now has a mixture of majority-controlled internet operating businesses as
well as stakes in various venture capital funds run by @Ventures. The
funds in turn have stakes in other internet companies.


Outblaze Ltd
Outblaze Ltd is an application service provider which provides e-mail and
other forms of out-sourcing for web sites. Outblaze received its first listed
capital from HK-listed China Rich Holdings in a transaction announced on
15-May-99. China Rich reportedly injected US$4.5m for its 50% stake,
although the figure was not disclosed. The other 50% was held by founder
Mr Yat Siu.

On 17-Aug-99 PCCW agreed to subscribe 20% of the enlarged issued
share capital of Outblaze Ltd for US$7m.

On 11-Oct-99 Hikari Tsushin agreed to acquire 10% of the existing issued
shares of Outblaze for US$4m (of which 8% came from China Rich) and
subscribe for 5% new shares for a consideration of US$2.75m.

On 12-Oct-99 a European fund later named as Lotus Asset Management
agreed to acquire 4% of Outblaze from China Rich for US$2.1m and also
acquired 1% from another party. The deal valued Outblaze at US$52.5m.

The overlapping timing of the last two transactions and incomplete data
makes it difficult to be precise about the resulting percentages.


iLink.net
iLink.net is an 80:20 joint venture between PCCW and Dotcom Pacific Ltd.
iLink runs a data centre in premises on the 56th floor of The Centre, a
building in Hong Kong which was developed by Cheung Kong. The total
amount invested by PCCW is not known.

Dotcom Pacific separately owns ubuyibuy, a business to consumer
shopping site. It also started an online advertising agent called
AdMomentum Ltd.

On 17-Feb-00 HK-listed OEM electronics manufacturer Ocean Information
Holdings Ltd announced the purchase of 60% of Admomentum in
exchange for 180m new shares valued at $0.80 each (but trading at $2.20
each on 25-Jan-00 prior to being suspended pending the announcement).
Admomentum was formed on 23-Aug-99 and by 31-Dec-99 had turnover
of just HK$0.7m and losses of HK$1.9m.

In the same announcement it was disclosed that Dotcom Pacific is owned
63.87% by DBD Ventures Inc and 36.13% by Mr Johnny K H Chan. DBD
Ventures is owned 84.66% by 3 members of DotCom Pacific`s
management and 15.34% by Mr Wong Kam Fu, founder of Star Telecom.
Two of the management team were with Star Telecom`s ISP business
before it was sold to Cable & Wireless HKT, whereupon they moved to
iCable for 9 months before leaving with the third member to set up
DotCom Pacific.


Miscellaneous
On 15-Oct-99 PCCW announced a range of other investments without
mentioning the dates or amounts involved. The percentage interests were
presumably correct at the time of announcement but may since have
changed. PCCW said it had:


10% of ActionAce, an online toy seller;
5% of Creditland, an online comparison site for US consumer credit;
6% of Intelligenesis, which develops artificial intelligence software;
6% of MediaRing, which provides internet telephony software.

Quelle-> http://www.webb-site.com/articles/pccwportfolio.htm

Mußt dich leider selbst durch das Englisch wülen, hatte jetzt keine
Lußt den ganzen Senf zu übersetzen.
Soviel zu PCCW.

Hier noch ein kurzer Bericht zu Thema "lang Warteschlangen" (Tom.com).
Die Flut von fast einer halben Million(en) Zeichnungsaufträgen hat
anscheinend den Process der chinesischen Bank gesprengt :-) !

18:02
Raymond Or(3): sorry about tom.com IPO chaos

(Infocast News) Raymond Or, General Manager of Hong Kong Bank, explained after attending a
regular meeting of HKAB this afternoon that Hong Kong Bank had suggested BNP Prime Peregrine,
the sponsor of tom.com(8001), to increase the number of the receiving banks. Yet, BNP did not
think it was necessary at that time. He thought that the response of tom.com IPO was
underestimated.

Indeed, the Bank had received 465000 application forms for the share subscription of tom.com.
which far beyond BNP`s expectation. But Or was unwilling to disclose how much did BNP expect.

Or added that the Bank will review this matter and will have improvement in the future. At the same
time, the Bank will submit a report regarding this case to Hong Kong Monetary Authority.

He emphasized that Hong Kong Bank is aware the chaos arising in the IPO procedures of tom.com
and he fely very sorry about the shops and bank clients influenced by this event on behalf of the Bank.

(25/02/00)

Quelle-> http://www.infocastfn.com/news/02-25-2000-15-15132eng.html

Abschießend noch ein Bericht der wie ich meine bestätigt das die Aus-
setzung nichts mit C&W HK zu tun hat. Ich denke da eher an Legend !

18:59
C&W denies enter into agreement
with PCCW (1186) on the acquisition
of C&W HKT


(Infocast News) It is widely rumoured that Pacific Century CyberWorks
(1186) (PCCW) has entered into an agreement with UK-based Cable
and Wireless about the acquisition of C&W HKT(0008) and formed the
Board of Directors of the new company . Being inquired by our
newswire, Cable and Wireless denied the concerned rumour and stated
that the negotiations among Cable and Wireless, Singapore
Telecommunications and PCCW is still ongoing and no agreements have
been concluded for the moment and they do not know when the talk will
end.
(25/02/00)

Quellen-> http://www.infocastfn.com/cgi-bin/newengframe.pl/./news/02-2…

Also dann mach ich mal Schluß für Heute und wünsche allen ein ruhiges und
erholsames Wochenende.

Gruß Krock

[Net_Pik]

15:48 26-FEB-2000
PCCW to offer HK$316.2 bln for C&W
HKT - paper

HONG KONG, Feb 26 (Reuters) - Pacific
Century CyberWorks Ltd (PCCW)
<1186.HK> was proposing to buy Cable &
Wireless HKT (C&W HKT) <0008.HK>
for HK$316.2 billion, or HK$26 per share,
the Hong Kong Economic Times said on
Saturday.

Quoting unidentified sources close to talks on the C&W HKT
takeover, the business newspaper said of the consideration of
HK$26 per share, HK$8 would be paid in cash, and the remaining
HK$18 in PCCW shares and bonds convertible into PCCW shares.

The daily said Singapore Telecommunications (SingTel) , which is
also bidding for C&W HKT, would meanwhile raise the cash
portion of its offer to compete with PCCW. Sources involved in the
negotiations were quoted by the newspaper as saying both PCCW
and SingTel proposed merging with C&W HKT and to settle the
deal partly in cash and partly in shares of the merged entity.

The sources reportedly said it was unlikely for the bid by PCCW or
SingTel to be hostile.

At present, Cable & Wireless Plc has a controlling stake in C&W
HKT. "It is understood that Cable & Wireless has great reservation
about accepting shares of PCCW which does not have substantive
assets," the Hong Kong Economic Times said. Ming Pao Daily
News, quoting unidentified sources close to the deal, reported
similar terms for PCCW`s proposal.

It said PCCW would on Monday announce a go-it-alone offer on
C&W HKT, instead of a joint bid with other partners.

The newspaper said it understood that China Telecom (Hong Kong)
Group Ltd, which is ultimately controlled by China`s Ministry of
Information Industry and owns 10.7 percent of local telecom giant
C&W HKT, would vote for PCCW-C&W HKT merger.

The Chinese telecommunications group is the parent company of
Hong Kong-listed China Telecom (Hong Kong) Ltd <0941.HK>.

There is some speculation that PCCW is making the C&W HKT bid
at the behest of Beijing, which would not like to see the local
telecom giant to fall into the hands of foreigners.

Singapore`s government has a controlling stake in Sing Tel.
According to Reuters` banking sources, PCCW has made a major
breakthorugh on financing its bid for C&W HKT by signing a
bridging loan of about US$10 billion with Bank of China, BNP Hong
Kong, HSBC and Barclays Capital.

Ming Pao said Bank of China -- China`s overseas banking arm --
was lending about US$5 billion, and HSBC HK$4 billion.

Hong Kong Economic Journal quoted Shanghai Post and
Telecomunications Administration deputy director Zhang Linde as
saying Beijing`s Ministry of Information Technology and Telecom
Industries and China Telecom (Hong Kong) Group Ltd were very
concerned about changes in the shareholding of C&W HKT. That
was because China Telecom would be able to cooperte with foreign
parties after China`s future entry into the World Trade Organisation,
and would choose partners carefully, the journal quoted the official
as saying.

The newspaper said there were several market rumours about
PCCW`s offer, with one version being a one-for-one share swap
plus HK$8 in cash, valuing each C&W HKT share at HK$29. C&W
HKT shares closed at HK$25.85 each on Friday.

Officials at PCCW and C&W HKT were not available to comment
on the reports.

((Hong Kong Newsroom [phone], Fax [phone]
[e-mail])) .

[Krock]

Hi,

Gurus Corner: The Pacific Century CyberWorks
Play

By Lester J. Gesteland
ChinaOnline News

(2/25/2000) Pacific Century CyberWorks (1186.HK) is every
equity analyst’s dream. Not only has the company’s share
price outperformed expectations, it has made some investors
quite rich in a very short time.

Let’s review the record:

On November 25, Rajeev Gupta and Snowy Tan of
Goldman Sachs described PCCW as a "Market
Outperformer" and predicted the share price, then at
HK$6.90, would rise 30% in 12 months.

On January 3, Sohaib Umar of Credit Lyonnais
Securities Asia (CLSA) rated the company a "Buy"
and said the stock, then HK$19.65 a share, was
"racing towards our optimistic scenario valuation of
HK$31.50."

On January 25, Osamu Wilde and Jake Lynch of
Jarding Fleming dubbed PCCW a "Buy" and forecast
that "a HK$20 trading target is achievable within the
next quarter." The stock was then trading at
HK$16.55.

Two days later, Matei Mihalca of Merrill Lynch
reiterated his "Long Term Buy" recommendation.
PCCW shares were trading at HK$17.85 each.

As of the close of trading on February 25, the company’s
stock was worth HK$22.15 per share, after falling from a high
of HK$28.50. That means the share price has increased by
more than three-fold since November and is up 24% since
January 27.

Famous Owner, Big Name Partners, Cutting Edge
Industry

So why is this company so well liked? First of all, it is run by
Richard Li, son of the famous Hong Kong tycoon, Li
Ka-shing. It seems that everything the Li family touches
turns to gold (examples: Star TV, Tom.com, Hutchison
Whampoa Ltd., Cheung Kong Holdings Ltd.)

Second, foreign multinationals have a real affinity for PCCW.
Intel Corp and CMGi, the Internet incubator, are among the
company’s foreign investors.

Third, analysts like PCCW’s business plan. Basically, the
firm is made up of three companies: CyberWorks Ventures,
Pacific Convergence Corp and Cyber-Port.

CyberWorks Ventures is a venture capital firm that seeks out
and invests in Internet startups. Pacific Convergence will
supply broadband connectivity via satellite and cable TV
infrastructure to China, India and Japan.

Cyber-Port is Hong Kong’s high-tech industrial park that
hopes to replicate Silicon Valley. Any companies that plan to
set up shop in Cyber-Port must go through PCCW.

PCCW has also formed a joint venture agreement with CMGI,
creating CMGi Asia, an entity that will bring CMGi properties
to Asia. (The first batch include AltaVista, iCAST, Engage
Technologies and 1ClickCharge.)

Still A Good Buy?

Now that PCCW’s share price has gone through the roof, is it
still a good buy?

CLSA’s Umar thinks so. Remember, he forecast a share
price of HK$31.50. That still represents a 42% increase.

And one fact that permeates the reports from all these
analysts remains true: PCCW is still one of the few, if only,
listed players in Asia that invests in Internet startups and
supplies broadband infrastructure. Local investors simply
don’t have much else to buy if they want to surf the Internet
"wave."

What about the imminent purchase of Hong Kong Telecom
from Cable & Wireless. The downside is that PCCW will have
to come up with a lot of cash to close the deal.

The good news is that the company was able to raise the
money fairly easily last week by selling more shares. Also,
the acquisition only bolsters PCCW’s presence on the
Internet.

Quelle-> http://www.chinaonline.com/topstories/000225/1/c00022551.asp

ANALYSIS-Cash is king as C&W mulls
Hong Kong deal

LONDON, Feb 25 (Reuters) - Global reach and new
technologies are the usual drivers of telecoms mergers nowadays,
but it`s likely to be plain old cash that determines who takes
control of Cable & Wireless Plc`s (quote from Yahoo! UK & Ireland:
CW.L) Hong Kong unit.

The British company`s board is expected to meet on Sunday to consider rival offers for its 54
percent stake in Cable & Wireless HKT , and analysts said its foremost concern will be how much
money is on the table.

They said Pacific Century CyberWorks Ltd (PCCW) , the precocious Internet vehicle of Hong
Kong entrepreneur Richard Li, will have to include a significant proportion of cash in its offer if it is
to tempt C&W away from its chosen partner, Singapore Telecommunciations Ltd .

``Cable & Wireless just wants the best price it can get,`` said Tressan MacCarthy, analyst at Credit
Lyonnais Securities. ``When they announced the Singapore Telecom deal, they were proposing a
merger that would let them take some cash out and leave them with a minority stake. That`s going to
be the important point``

Hong Kong bankers said PCCW is lining up a loan of around $10 billion to boost its existing cash
resources of some $2.4 billion.

The speculation on the island is that it will offer one PCCW share plus HK$8 in cash for each C&W
HKT share, valuing the company at $47 billion and handing C&W around 29 percent of the issued
shares of PCCW.

SAFE OR SEXY?

That may be too much for C&W, which analysts say is likely to be happier with only 20 percent. In
weighing up the two offers, C&W will consider not just the upfront cash the two sides are offering
but the long term value of the paper it acquires.

A Singapore Telecom/C&W HKT merger would leave C&W with a stake in a solid but unexciting
company about to face vastly increased competition in its two home territories, analysts say.

The PCCW stake would be more in tune with C&W`s strategy of focussing on the Internet and
corporate customers. But it would require a leap of faith in the sky high value of a loss making start
up.

``PCCW is maybe a sexier stake to have but probably much riskier,`` MacCarthy said.

The only significant influence other than cash in C&W`s deliberations could be politics. The Chinese
government may be happier to approve a deal with PCCW because it would bring a key utility into
Hong Kong hands, a London-based analyst at a continental European bank said.

``The Chinese are more likely to be cooperative with them,`` he said.

Either way, analysts believe C&W will want to sell its stake in the merged company sooner rather
than later.

That would suit its shareholders just fine. After years of pricing the stock at less than the combined
value of its subsidiaries, the market has been celebrating the prospect of a Hong Kong deal by
sending the shares up some 35 percent since the start of the year.

``People would like to see C&W walk away with cash and if this deal does get done with quite a lot
of cash, then the shares will get marked up,`` said Justinian Clifford-Bowles of Commerzbank.

Quelle: http://biz.yahoo.com/rf/000225/vq.html

Scheinbar geht es bei der Übernahme jetzt nur noch darum wieviel Cash
auf den Tisch kommt. Und in Sachen Cash muß man sich bei der Familie
Li Ka-Shing ,glaube ich, keine Sorgen Machen.

Gruß Krock