Pacific Century Cyberworks

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Pacific Century Cyberworks stockdriver
stockdriver:

Pacific Century Cyberworks

 
04.07.00 13:51
#1
PCCW, 04.07.2000


C&W-Aktionäre werden sich für Aktien+Cash entscheide
Voraussichtlich werden sich alle Cable&Wireless HKT-Aktionäre
bei dem Zusammenschluss mit PCCW für das Übernahmeangebot
entscheiden, welches eine Kombination aus Cash und Aktien
vorsieht.
Das fusionierte Unternehmen wird mit etwa 21,5% im MSCI HK
Index gewichtet werden. (jf)


                                      © Emerging Markets Research,
                                      www.em-research.de  
Pacific Century Cyberworks Kicky
Kicky:

Und hier ein Bericht aus Australien zu Telstra und PCCW von heute

 
04.07.00 14:19
#2
will Dir doch auch mal ne Freude machen  
Telstra jumps as Hong Kong deal wins vote

By Leonie Wood



TELSTRA'S shares jumped to their highest level for nearly two months after thousands of shareholders in Hong Kong Telecom gave the green light to a $US37 billion ($62 billion) merger with Pacific Century CyberWorks.

Yesterday's vote clears the way for Telstra to finalise its own matrix of deals with Richard Li's ambitious Internet broadband group.

And it helped lift Telstra's shares 21¢ to $6.99, its highest level since early May when telecommunications companies worldwide suffered from a slump in investor confidence.

The approval marks a critical milestone for Telstra managing director Ziggy Switkowski, who drew heated market criticism after signing what executives conceded was a hastily arranged $US3 billion joint venture plan with PCCW.

Telstra's deal with PCCW, which hinges on PCCW securing all approvals to take over HKT, is its biggest ever and marks a dramatic acceleration of the Australian carrier's international ambitions.

HKT deputy chief executive David Prince said he had been in Australia recently to discuss possible links with Telstra related to mobile phones and other international business opportunities.

"It's progressing very well," Mr Prince said of the alliance. "The discussions have been very successful."

Still, the PCCW-Telstra deal is several weeks from completion. The companies must yet pass some regulatory hurdles associated with the transfer of telecommunications licences, and Telstra must decide how it will fund its multi-billion-dollar investments.

It recently packed away a one billion euro ($1.6 billion), five-year note issue, and last month sealed a $2 billion syndicated debt facility with several banks.

But it plans to come back to the bond markets with several billion dollars of paper over the next four years as it funds developments in its domestic mobiles business, the expansion and upgrade of its copper cable network, and the acquisition of wireless spectrum.

In Hong Kong, about 97.4 per cent of HKT's minority shareholders, representing about 99.9 per cent by value, gave PCCW the go-ahead to take over the city's oldest telecommunication network. Investors in Cable & Wireless plc, which owns 54 per cent of HKT, voted in June to support the bid.

HKT chairman Brian Smith declared that the vote marked an historic moment for Hong Kong and its place in the future telecommunications industry.

"It's important for HKT and for Hong Kong itself," Mr Smith said after the vote. "This represents the significance of changes of direction to the new era of the Internet."

The HKT vote closes the final chapter in a saga that began in January, when Singapore Telecommunications unveiled a bid for its Hong Kong counterpart. But as talks between the two stalled amid accusations of political meddling, Internet upstart PCCW stepped in with a rival bid that quickly gained the backing of C&W plc and the implicit support of governments in China and Hong Kong.

In early April, Telstra said it planned to merge its international carrier assets with those of HKT to form a global transmission network, yielding revenues approaching about $US1.3 billion a year.

It also agreed to spend $US1.5 billion on a PCCW convertible note, and a further $US1.5 billion on a convertible note to secure a 40 per cent stake in a pan-Asian PCCW-Telstra mobile joint venture.

The reporter owns Telstra shares.


-THE AGE

   











 
     
     
© 2000 West Australian Newspapers Limited
www.thewest.com.au/20000704/
Pacific Century Cyberworks Kicky
Kicky:

und hier weitere Zeitungsberichte zu PCCW,wollen wir doch mal internat.

 
04.07.00 16:03
#3
 biztimes.asia1.com/2/focus/focus11.html
CyberWorks, Pearson to form education JV
They will develop interactive education channels for Li's network

P

ACIFIC Century CyberWorks, run by Hongkong new media tycoon Richard Li, and Pearson, the UK media group, are to create a joint venture to develop interactive education channels for Mr Li's Asian network.

They are expected to announce this week an alliance intended to add content to Mr Li's plans for a regional broadband media business and extend Pearson's reach in Asia. Pearson owns the Financial Times.

The deal between Mr Li and Marjorie Scardino, Pearson chief executive, involves a 50:50 joint venture creating learning channels and online educational services.

The channels will be developed for Network of the World, CyberWork's broadband TV and Internet service.

Mr Li -- the son of Li Ka-shing, one of Asia's wealthiest men -- was in London at the weekend to launch NOW, which is due to roll out to a potential 170 million homes across Asia from next year.

CyberWorks, which has sought to underpin its pan-Asian ambition with the proposed acquisition of Cable & Wireless Hong Kong Telecom (C&W HKT), has said it plans to spend US$1.5 billion (S$2.6 billion) to develop NOW over five years. C&W HKT minority shareholders were set to vote yesterday on the CyberWorks proposal.

NOW is intended to offer combined high-speed Internet access with broadband TV programming. But the service has begun modestly, screening just a few hours a day of programming produced in London.

The planned CyberWorks/Pearson alliance will focus on developing education channels in three main areas: English language teaching, information technology and business education.

The development follows Pearson's announcement last week that it would develop its online Learning Network together with America Online, the world's biggest Internet company. -- FT

   Contact BT
C&W HKT shareholders okay CyberWorks merger
99.9% of minority shareholders voted in favour of the deal

By Quak Hiang Whai

S

HAREHOLDERS of Cable & Wireless HKT yesterday voted overwhelmingly in favour of the company's proposed merger with Richard Li's Pacific Century CyberWorks (CyberWorks), clearing the final hurdle for the formation of Asia's biggest telecom company.

  Merger high: Linus Cheung, C&W HKT chief executive (left), smiling before meeting the press, with chairman Brian Smith (centre) and deputy chief executive David Prince
--------------------------------------------------
 

At a special shareholders' meeting yesterday to approve the merger, Cable and Wireless HKT chairman Brian Smith said 99.9 per cent of the company's minority shareholders voted in favour of C&W HKT's merger with CyberWorks. Parent Cable & Wireless plc, which controls 54 per cent of C&W HKT, had already voted in favour of the deal last month.

Other strategic shareholders in C&W HKT -- China Mobile (10.8 per cent), formerly known as China Telecom, and the Hongkong government (7 per cent) -- also approved the deal. The Hongkong government became a strategic shareholder in C&W HKT after it intervened in the stock market in 1998 to prop up share and future prices in its bid to beat market manipulators.

The merger would now be heard in the High Court on July 25 but no one is seriously expecting any problems by that stage. The merger is expected to be completed late next month. The approval yesterday by C&W HKT just about closed the chapter on the takeover saga which had started with Singapore Telecom declaring its interest in taking over the Hongkong telecom giant early this year.

CyberWorks then came from behind to snatch the deal from SingTel, raising speculation there was political interference from Hongkong or Beijing. The Hongkong government had insisted there was no political interference and the proposed transaction was a commercial deal.

The merged unit, to be called PCCW-HKT, is estimated to have a market value of US$37 billion (S$64 billion). David Prince, a deputy chief executive at C&W HKT, yesterday said over 95 per cent of HKT's staff will remain in the new company. The company also said the two units would equally share the consultancy and related cost of US$130 million for the merger.

C&W HKT shares, suspended in the morning, resumed trading in the afternoon and lost 1.2 per cent to HK$16.96 apiece. CyberWorks fell 2.6 per cent to HK$15.

   Contact BT

biztimes.asia1.com/2/focus/focus13.html
Pacific Century Cyberworks stockdriver
stockdriver:

PCCW, 04.07.00

 
05.07.00 02:25
#4
PCCW, 04.07.2000


C&W-Aktionäre werden sich für Aktien+Cash entscheiden

Voraussichtlich werden sich alle Cable&Wireless HKT-Aktionäre bei dem Zusammenschluss mit PCCW für das Übernahmeangebot entscheiden, welches eine Kombination aus Cash und Aktien vorsieht.

Das fusionierte Unternehmen wird mit etwa 21,5% im MSCI HK Index gewichtet werden. (jf)


© Emerging Markets Research,
www.em-research.de


PCCW, 04.07.00


PCCW übernimmt Stockcode von C&W HK

Wie heute berichtet wurde wird PCCW nach der abgeschlossenen Akquisition von Cable&Wireless HK dessen Stockcode an der HongKonger Börse übernehmen. Statt 1186 wird PCCW dann unter 0008 zu finden sein. (sp)

© Emerging Markets Research, 04.07.2000
www.em-research.de


PCCW, 04.07.00


PCCW: Probleme nach der Fusion?

Analysten wiesen daraufhin, dass man - um die Netze und Dienste beider Konzerne auszunutzen und sie effizient zu verknüpfen - sehr bestimmte Kunden bräuchte, die auch die Leistungen PCCWs im Bereich Breitband abnehmen wollen. Trotz allem biete C&W HKT die besten Vorraussetzungen aller Hongkonger Telekommunikationsgesellschaften um diesen Problemen zu begegnen und sie zu lösen.(sb)

© Emerging Markets Research, 04.07.2000
www.em-research.de


Vielen Dank Kicky für die gute Recherche !
Wieder mal hat die paradoxe Zockerphilosphie "buy on rumour - sell on news"
den Kurs fallen lassen. Da jegliches Zockergebahren aber nur von kurzer Dauer ist, und bald von der Realität wieder eingeholt wird, sollte das den
besonnenen Investor nicht aus der Ruhe bringen ! Schließlich wird der langfristige Kurs von Fakten bestimmt. Deswegen werden wir noch einige Geduld haben müssen,zumindest so lange bis die Strategie dieser Firma
klare Konturen bekommt und die Aktien aus den Zitterhänden zu den seriösen
Anlegern wechseln.

Bis dann !

PCCW, 04.07.2000


C&W-Aktionäre werden sich für Aktien+Cash entscheiden

Voraussichtlich werden sich alle Cable&Wireless HKT-Aktionäre bei dem Zusammenschluss mit PCCW für das Übernahmeangebot entscheiden, welches eine Kombination aus Cash und Aktien vorsieht.

Das fusionierte Unternehmen wird mit etwa 21,5% im MSCI HK Index gewichtet werden. (jf)


© Emerging Markets Research,
www.em-research.de


PCCW, 04.07.00


PCCW übernimmt Stockcode von C&W HK

Wie heute berichtet wurde wird PCCW nach der abgeschlossenen Akquisition von Cable&Wireless HK dessen Stockcode an der HongKonger Börse übernehmen. Statt 1186 wird PCCW dann unter 0008 zu finden sein. (sp)

© Emerging Markets Research, 04.07.2000
www.em-research.de


PCCW, 04.07.00


PCCW: Probleme nach der Fusion?

Analysten wiesen daraufhin, dass man - um die Netze und Dienste beider Konzerne auszunutzen und sie effizient zu verknüpfen - sehr bestimmte Kunden bräuchte, die auch die Leistungen PCCWs im Bereich Breitband abnehmen wollen. Trotz allem biete C&W HKT die besten Vorraussetzungen aller Hongkonger Telekommunikationsgesellschaften um diesen Problemen zu begegnen und sie zu lösen.(sb)

© Emerging Markets Research, 04.07.2000
www.em-research.de


PCCW, 04.07.00


PCCW: Roadshow mit C&W PLC

Wie heute berichtet wurde, erwägt PCCW eine Roadshow mit Cable&Wireless PLC durchzuführen. Grund hierfür ist die Suche nach Abnehmern von C&W HKT-Anteilen die C&W PLC nach der beendeten Übernahme veräußern will. (sp)

© Emerging Markets Research, 04.07.2000
www.em-research.de
Pacific Century Cyberworks stockdriver
stockdriver:

Portal Fever NOW at New Pitch in Hong Kong

 
05.07.00 02:35
#5
Portal Fever NOW at New Pitch in Hong Kong

Pacific Century Cyberworks (PCCW) hit the competitive China portal market..........

By JONAH GREENBERG

BEIJING, Jul 4, 2000 -- (Virtual China) Hong Kong's Pacific Century Cyberworks (PCCW) hit the competitive China portal market with a vertical Internet portal, or "vortal," called NOW.com that seeks to attract both desktop PC-users with living room TV-watchers.
In a week when Beijing-based Netease.com becomes the third Chinese Web portal to list on the NASDAQ exchange, the launch of Now.com signals the intent of Hong Kong-based Internet players to play catch-up.
Also this week, Tom.com went live after a suspenseful wait following their monster IPO in May on the GEM exchange in Hong Kong. Tom.com, backed by Hong Kong tycoon Li Ka-shing, launched with Chinese-language content.
Home Movies Times Ten NOW, which stands for "Network of the World" offers sports, news, and interactive games. It is broadcast to PCCW's 130 million cable television subscribers throughout Asia, as well as being available on the Web. It is best viewed over a high-speed Internet or cable connection and the company is promoting it as a "converged" portal network that will eventually combine the role of desktop computer and living room TV.
NOW's cutting-edge weather channel, the "Mother Ship," enlists its users from around the world as ad hoc weather reporters.
The portal also offers young film makers and musicians a venue to be seen and heard. In addition to an MP3 center for the down- and uploading of digital music files, NOW's entertainment channel "E-Mage" offers a platform to nascent film makers to screen their work.

"Your short could be broadcast to millions of people across the globe via the Internet and on satellite television as part of a Global Interactive Film Forum," reads the NOW.com Web page. Everything's For Sale
Although the content is only in English, the company plans to introduce Japanese and Chinese language versions during the next year, according to Alexander Arena, managing director of Pacific Century Cyberworks.
Thursday's launch was the first phase of a two year roll out that hopes to offer users an integrated channel for interactive entertainment and anything that can be purchased on the Internet. Arena explained that NOW represents PCCW's strategy to win over Chinese users without investing in hardware or infrastructure.
The portal will instead lure them with content and with broadband connectivity offered by satellite transmission.
"We do not need to own anything in China to do business in China," Arena said at a New York Internet conference in May.
With sophisticated flash animation and stimulating audio feeds, that are all best viewed with a high-speed Internet or cable connection, NOW has all the bells and whistles of a cutting-edge Web portal. The site generally lacks community-oriented features, such as bulletin boards and chat rooms.
For now, NOW is free, but PCCW will begin charging for access as early as next year. "We'll eventually be moving toward a subscriber, e-commerce, and advertiser model," John Colmey, senior vice president, told Reuters. C) 2000 Virtual China - a comprehensive China gateway site featuring news, information, tools, and resources covering trade, finance, information technology, travel, and the arts.
LINK (smile)
www.insidechina.com/localpress/virtualch.php3?id=175356
Pacific Century Cyberworks DGromm
DGromm:

Moin Leute, mal was interessantes dazu

 
05.07.00 09:02
#6
Wie wichtig der Cable-Deal für PCC ist, sieht man z.B. auch an der Tatsache, daß die Deutsche Telekom die britische Calbe&Wireles für 30 Milliarden erobern will.

Wenn Du ne eigene Wireles-Truppe mit dem entsprechenden Know-How im Säckle hast, dann bedeutet dies nichts anderes, als Unabhängigkeit und keine Nutzungskosten, die immer noch als Stolperstein zu betrachten sind. Siehe z.B. AOL und andere Anbieter, diese Unternehmen sind stark von der guten Laune der Telekom abhängig. Wenn´s der Telekom genehm ist, dann darf AOL billig rein und gibt das an ihre User weiter, umgekehrt genauso.

Die Brisanz dieses PCC-Deals dürfte damit deutlich werden. Da kann man nur sagen .. auf zu neuen Ufern.

Hab pcc gelegentlich mal zwischenverkauft um woanders einzusteigen. Das einzige was ich davon hatte, waren schlaflose Nächte. Kann einfach nich pennen, wenn ich keine PCC im Depot habe. Irgendwann dann, werde ich damit ein gemachter Mann sein, wobei Reichtum zwar nicht alles ist, aber es ist immerhin eine Möglichkeit, alles ein wenig leichter zu sehen. Dank PCC.
Pacific Century Cyberworks stockdriver
stockdriver:

Joint Venture zwischen C&W HKT und Computer Associates

 
05.07.00 10:08
#7
PCCW, 05.07.00


Joint Venture zwischen C&W HKT und Computer Associates beginnt Geschäftstätigkeit

SOLAR, ein US$8 Mio Joint Venture zwischen C&W HKT und Computer Associates, gab bekannt seine Dienstleistungen ab Heute anzubieten. SOLAR bietet für kleine und mittelständische Unternehmen eine Reihe von ASP-Dienstleistungen (Application Service Provider) an, wie z.B. Systemmanagement oder auch Beratung. Nach dem Start in Hongkong wird man später China und dann auch eventuell andere Länder in Asien in Angriff nehmen.

Außerdem gab man bekannt zwei weitere Produkte anzubieten. ACCPAC financial management, ein Finanzmanagementsystem für jede Unternehmensgröße sowie ACCPAC e.Advatage system solutions, eine Software für e-Commerce betreibende Unternehmen.(jp)

© Emerging Markets Research
www.em-research.de

Pacific Century Cyberworks stockdriver
stockdriver:

Heutige Empfehlungen

 
05.07.00 12:10
#8
PCCW, 05.07.00


Heutige Empfehlungen

Die heutigen Empfehlungen kommen zum einen aus dem Hause Typhoon Eight Research zum anderen von der Dao Heng Securties. Die Experten Typhoon Eight Researchs empfehlen bei den Aktien C&W HKT, PCCW und China Unicom zuzugreifen. Als Kursziel werden bei allen drei 20HK$ genannt. Jedoch kurzfristig sei C&W HKT interessanter als PCCW. Auch SUNeVision wird von ihnen empfohlen mit einem Kursziel von 8HK$.

Dao Heng Securities wiederum rät bei tom.com nur zum Halten, da die Aktie fair bewertet sei und man deswegen kein weiteres Aufwärtspotenzial sieht.(sb)

© Emerging Markets Research
www.em-research.de

Pacific Century Cyberworks stockdriver
stockdriver:

Empire of the sons- aus South China Morningpost

 
05.07.00 23:22
#9
Wednesday, July 5, 2000
 
Empire of the sons


 


(Click on graphic to reveal full version.)

JASON GAGLIARDI


--------------------------------------------------
Some call him Superman, others King Midas. Asiaweek magazine, in an excess of hyperbole, dubbed him the most powerful person in the region, even ahead of Chinese President Jiang Zemin. And since his knighthood was announced last month, you can call him sir.
But Li Ka-shing's position as Hong Kong's capitalist alpha male is being challenged - by none other than his youngest son. Investors and pundits have watched with bated breath as Richard Li Tzar-kai, 33, cleared a succession of hurdles during the past few months to pull off Asia's biggest ever takeover, his US$30 billion (HK$234 billion) bid for Cable & Wireless HKT.

He entered the home straight this week after Monday's overwhelming vote in favour of the move by HKT shareholders, with only the formality of High Court approval of the final arrangements to be secured.

This deal sees him step up to the blue chip big league and is a giant stride closer to his dream of joining the ranks of the Internet titans.

But behind the number-crunching and the wheeling and dealing, an equally fascinating domestic drama is being played out. What goes on behind the palace gates of the world's 10th richest family, and how has Richard Li's meteoric rise affected the balance of power? While older brother Victor Li Tzar-kuoi, 35, seems content to play the dutiful son, being groomed to take the reins of the family flagship, Cheung Kong Holdings, Richard has made it clear he will settle for nothing less than making his Pacific Century Group (PCG) number one.

On paper, at least, he is rapidly amassing funds that could soon rival the fortune it has taken his father half a century to build, in a dawning epoch where Internet upstarts like America Online have proven they can swallow venerable giants like Time Warner.


Then there was the recent decision by global indices provider Morgan Stanley Capital Intern-ational to drop Cheung Kong Holdings from its index after 24 years because its total market capitalisation was less than the market value of its stake in Hutchison Whampoa. Richard Li's Pacific Century CyberWorks meanwhile, was one of the new additions to the index. And with the elder Li now 71, what will happen when he dies, or decides to retire? Will his death bring the none-too-chummy brothers together, closing ranks to protect the dynasty?

Or will sibling rivalry and bloated egos result in a declaration of war? A drama of Shakespearean proportions could be in the offing.


Talk to a dozen people close to the family and you'll get a dozen different opinions on the degree of animosity between the two sons, and how much of Richard's drive stems from Victor’s role as heir apparent. They are certainly like chalk and cheese - the latter a family man, who has been content to quietly learn the ropes and trudge along in his father's footsteps. In March last year, Victor told Fortune magazine he and his father were "very similar in business strategy, thinking and lifestyle, except that I don't play golf".

Richard, on the other hand, is known for reducing his minions to tears with his rants, lavishing cash on a nearly built Shek O mansion and fuelling his adrenalin habit with diving jaunts and daredevil flying stunts. He also has an eye for women, reportedly splitting recently with former employee and university student girlfriend Karen Lam in favour of an 18-year-old employee named in the tabloids as "Joanne". Lam later complained that life at the speed of Richard precluded "normal things like walking in the park".

Theories abound as to how far Li the patriarch is willing to stoop to catch his younger son if he stumbles. It was US$125 million of his father's cash, but undeniably Richard's drive and vision, that enabled him to create Star TV in 1990 and flog it to Rupert Murdoch in a deal worth US$950 million, finalised in 1995. It was also Li who came to the rescue when some Japanese property deals and a satellite communications venture, Corporate Access, went south.

One close source says: "His dad definitely helped him on the satellite thing. The cost of it was something like US$66 million. There were 100 staff in Singapore - now there are maybe one or two. Hutchison bought it and buried it in a mound of millions, so no one can really see what happened."

Another source close to the family says: "Both sons are very different from other tycoons' kids, who are generally playboys. Victor has worked hard to prepare himself to take over the empire. And he has to contend with others inside and outside the company who see him as his father's shoe-shine boy, so I don't think he's really a happy man.

"Inherited wealth doesn't impress people as much as the wealth of self-made men. I guess you could say he has a bit of a chip on his shoulder about that. I don't think he has the flair or charisma of his father when it comes to making deals. Richard is different, he's more of an entrepreneur. He doesn't like to talk about his father much. He's desperate to prove he can make it on his own. Who is the favourite? I would say KS probably likes Victor more, but I think he admires Richard's drive and energy."

Will antagonism and simmering grudges spill into the open when Li Ka-shing's pervasive influence is gone? "I think it's likely," says the source, who like many people contacted for this piece did not want to be named. "Richard has some cross-shareholdings in Hutchison and Tom.com, but he's serious about being number one, and getting people's respect that he did it his own way."

Li, though, seems in rude health, dismissing as malicious rumour recent reports in the Chinese press that a medical check-up revealed heart problems. It is likely that for some time yet he will preside over his vast empire, commanding equal measures of respect, fear and loyalty. The bespectacled colossus casts a long shadow over Hong Kong: he and his sons control companies that account for almost a third of the total capitalisation of the Hong Kong stock market. It is nigh on impossible to get through a day in the SAR without helping swell the elder Li's coffers, built on bricks and mortar, but also spanning retail chains, power supplies, a vast mobile phone network and the world's largest container port operations. Chaos ensued when he finally decided to bolster his bricks with clicks, proclaiming in neon from one of his glass monoliths the launch of the Tom.com Internet portal. Ma-and-pa investors jostled around city blocks and a policeman got caught jumping the queue to snare a slice of the one-time plastic flower seller's foray into the New Economy. Apt, then, that his name approximates the Cantonese pronunciation of "Li Family City".

Richard, however, is snapping at his heels, aiming to create nothing less than the "world's largest broadband Internet business". He laughs off reports that the HKT deal was hatched in the smoky backrooms of Beijing, as he does the howls of protest from other property moguls about the prime slice of government land at Pokfulam granted without public tender to his company to build the Cyber-Port, where 15 of the world's most powerful Internet companies from Microsoft down have pledged to be anchor tenants.

In an interview with Newsweek recently, he admitted the HKT deal would create a potentially "embarrassing" face-off with his father in the mobile phone sector. "Obviously, if we can avoid butting heads, it's better, but if we do it's all business - we compete."

One veteran investor says: "Victor is prepared to be the good son, the traditional Chinese boy. And until the hi-tech thing became interesting, he certainly had the better job. Cheung Kong was where all the money was at a couple of years ago - Cheung Kong infrastructure was great stuff, and Victor was clearly the chosen one.

"Now the hi-tech stuff is [gaining ground], Richard is looking better, although personally I don't believe in the guy. I think he was suckered into Cable and Wireless HKT. Who wants it? AT&T, British Telecom, MCI Worldcom, they're all on the prowl for acquisitions. They've all got the cash. But none of them were interested. And a merger with SingTel would have been a merger of two dinosaurs.

"As for what will happen between the brothers when KS is gone, I think they're smart enough to realise any bloody battles would just damage both of them."

Father and sons are fiercely private, insulating themselves with formidable spin machines and a small army of minders - not least since Victor was kidnapped by "Big Spender" Cheung Tze-keung in May 1996 and a HK$1.38 billion ransom demanded.

There was also the controversial 1990 death of Li senior's wife, described by the family as a result of heart problems, but later reported in Next magazine, based on police transcripts, as a sleeping pill overdose. Next's unpredictable and irreverent boss, Jimmy Lai Chee-ying, is one of the few publishers to constantly bait the Li family in print, a decision which must by now have cost him millions in lost advertising - particularly after reports on Li senior's relationship with attractive 40-something Chau Hoi-shuen, who has been photographed at Li's side and owns Tom.com shares worth billions.

"The relationship with Ms Chau is something that has caused friction in the family, particularly with Richard, who was very much his mother's son," says the family friend.

Li's most recent interview with this newspaper - after three years of negotiations "similar to those demanded by a head of state", according to former business editor Ray Bashford - took place in his 70th floor Cheung Kong Centre penthouse, complete with swimming pool, ornamental garden and retractable roof. It always seemed unlikely any request on my part for an audience with Li or Victor would be entertained by deadline.

In Bashford's 80-minute interview, the only comment Li made about his sons was: "A father's advice is, no matter what they do, try to be a good man. They should earn money from proper businesses."

Richard was also too busy to be interviewed for this piece, but several of his trusted lieutenants made themselves available to sing his praises. Pacific Century Group deputy chairman Francis Yuen, a former investment banker who helped string deals together for Li before siding with the son, says he likes what Richard stands for: "He could have had a comfortable life helping run the family business, but he's decided he wants to create something on his own. I'm always trying to understand where he gets that drive - what motivates him to move at the speed he does is difficult to understand.

"I think his quality of driving so hard for excellence is inborn, but he also has an insatiable thirst for information and knowledge. The other important quality is his ability to gather talent together. I think he shares that with his father.

"They are both very competitive but I don't think [Li Ka-shing] is going into the Internet to compete with Richard . . . Li Ka-shing is also extremely open to learning every day, which is how he's been able to go from plastic flowers to real estate to making Hutchison a global business. And he can see the New Economy forces are the ones that are shaking the business world."

Yuen says he doesn't think Li would be concerned if Richard ends up surpassing his success. "For a traditional Chinese father, nothing would please him more than to see his son do better."

As for competition between the brothers, Yuen knows where his bread is buttered: "I think if there is anyone I would bet on from Asia, outside Japan, to have a significant impact on the international business scene, I would bet on Richard."

We are speaking in the PCG boardroom on the 38th floor of Citibank Tower. Photographs of Richard Li hobnobbing with Margaret Thatcher, Jean Chretien, Henry Kissinger and Jiang Zemin hang imposingly from the dark timber panelling. It all seems very Old Economy, decorated, perhaps, during Richard's suit-and-tie incarnation.

The company's spanking new London offices at Chiswick are much more hip and happening, according to one staffer, with beanbags and pinball machines, in keeping with the boss's new buzz cut and geek-chic threads.

According to another staffer, there is an audible sigh of relief when he leaves for one of his many business jaunts. "When he's in the office every day it can be horrible, people are on edge all the time, but you've got to hand it to him, he makes things happen at an unbelievable pace," the staffer says. "He does get bashed around a lot in the media for his temper but often when he yells at people, they deserve it."

Richard is very sensitive about the family's public image. Stories about his father and brother are rigorously clipped and monitored. "I can't see him ever doing much business with his brother, although I think the two sons and the father still get together for a traditional Chinese family lunch some weekends," the staffer says.

Both sons were raised as princelings and attended Stanford University, in the US. Even then, Richard showed an independent streak, working as a golf caddy and a McDonald's cashier for extra money, asking only enough for rent, fees and food from dad. He then spent two years learning the ropes of investment banking in Canada before returning to Hong Kong to begin "crunching out the work", as he once put it, of setting up Star TV.

Rebecca Leung, PCG executive vice-president, has spent nine years with Richard and says he has mellowed in recent years. "He wasn't very patient before," she says with considerable understatement. "He has known all along that he was a bright kid, living under a lot of pressure and expectations, and from a young age he was determined to prove himself. People thought Star TV was just a little toy dad had given him to amuse himself with, so it wasn't until the Murdoch deal that people sat up and took notice. That was a milestone. He was working 24-hour days, living out of his office.

"He's more relaxed now, he can delegate, take half a day off when he needs to. It's true, though, his pace can burn other people out. It's still hard to keep up. This morning I felt drained, very tired. But his energy can also be very infectious. I'm not here for the money. I've made enough money. This is about a shared vision."

One former senior staffer, however, is sceptical. "Mellow? Rubbish. I don't buy it. He still screams and shouts. Employees still sometimes end up in tears. If you really think he's mellowed out, go and sit in The Godown [a bar in the Citibank basement] on a Friday after work and listen to all his executives bitching over their beers.

"He hates to admit it, but he owes a lot to his dad. If his name wasn't Li, he couldn't pick up the phone and get [Chief Executive] Tung Chee-hwa on the line. He loves to play up the wonderboy image, about how he was helicoptered on to Murdoch's yacht, blew smoke in his face and hammered out the Star deal in a couple of hours, but the fact is there'd been bankers and lawyers negotiating for months. He's got a very good PR machine, they're good at corporate myth-making."

What does he think motivates the likes of the Lis? "It's certainly not just money. Whether your stock's worth $10 billion or $14 billion, who cares? Li Ka-shing could have stopped work 10 years ago and supported his next 10 generations in grand style. It's all about the buzz and the power and the art of the deal. And some very, very big egos."
Pacific Century Cyberworks stockdriver
stockdriver:

Deutsche Telekom bald PCCW-HKT Aktionär?

 
06.07.00 19:31
#10
PCCW, 06.07.00


Deutsche Telekom bald PCCW-HKT Aktionär?

Laut zwei deutschen Finanzmagazinen steht die Deutsche Telekom kurz vor der Akquisition von C&W. Durch die Übernahme könnte die Deutsche Telekom bis zu 20% von dem neuen, nach der Fusion zwischen C&W HKT und PCCW, enstandenen Unternehmen PCCW-HKT erhalten, da C&W nach der Fusion warscheinlich noch die 20% ihres Tochterunternehmens C&W HKT behalten würde.(jp)

© Emerging Markets Research, 21.06.2000
www.em-research.de
Pacific Century Cyberworks Fritz the cat
Fritz the cat:

Und fällt und fällt und fällt !!!!! Ich seh mich schon unter Brücken li.

 
06.07.00 22:10
#11
meinen 9000 stk.


MFG   FTC
Pacific Century Cyberworks stockdriver
stockdriver:

Re: Pacific Century Cyberworks

 
07.07.00 01:41
#12
Zum Thema Charts ein Zitat vom alten Kostolany:

Es ist geradezu lächerlich, wie die meisten Chartisten jede kleinste Kurve einer Zickzackbewegung ausnützen wollen und die Chartlinien schon für die Zukunft vorzeichnen. Aufgrund ihrer genannten Zeichnung stellen sie bereits im Voraus fest, zu welchen Kursen sie eine Aktie kaufen und wieder verkaufen müssen. Wenn ich aber eine Aktie kaufe,weiß ich nie,zu welchem Kurs ich sie wieder verkaufen werde; vieleicht 50 Prozent niedriger,vieleicht aber 300 Prozent höher. In meiner Praxis kannte ich hunderte von Börsenspielern, die auf Grund der Chartentwicklung Tagesoperationen durchführten. Und nicht einer unter ihnen war erfolgreich. Im Gegenteil, viele verschwanden schon nach kurzer Zeit von der Börse ..."  
Pacific Century Cyberworks Kicky
Kicky:

Am 6.Juli um 16Uhr 13,85 $HK und der Chart sieht nun wirklich nicht gu.

 
07.07.00 03:49
#13
quote.e-finet.com/cgi-bin/stock.cgi
kommt man am schnellsten über www.china-stoxx.de  hin,wenn man den Kurs bei PCCW aufruft und hier oben links den Chart anklickt,dann MACD anstellen....
Pacific Century Cyberworks kleiner Fisch

Re: Pacific Century Cyberworks

 
#14
Auch wenn der Chart nicht gut ist, könnten das doch gute Kaufkurse sein, oder sollte ich jetzt lieber meine Finger von PCCW lassen?


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