Pacific Century CyberWorks (1186), via the expansion of its subsidiaries PC Convergence and CyberWorks Ventures, is determined to become the prominent broadband Internet provider in Asia.
According to Goldman Sachs, CyberWorks, with its diversified income sources and its cost control efficiency as well as the limited capital required for investments, is likely to become profitable in a short period of time.
The investment house predicts that CyberWorks will achieve a profit as early as 2002 and will generate revenues of up to US$3 billion by 2004. As an Internet firm, the performance is quite fascinating, said Goldman Sachs. The stock is expected to outperform the market. The stock closed at $16.75 today, down $0.50.
According to Goldman Sachs, CyberWorks, with its diversified income sources and its cost control efficiency as well as the limited capital required for investments, is likely to become profitable in a short period of time.
The investment house predicts that CyberWorks will achieve a profit as early as 2002 and will generate revenues of up to US$3 billion by 2004. As an Internet firm, the performance is quite fascinating, said Goldman Sachs. The stock is expected to outperform the market. The stock closed at $16.75 today, down $0.50.
