PCCW-NEWS: PCCW + NEWS CORP. ( R. Murdoch )

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PCCW-NEWS: PCCW + NEWS CORP. ( R. Murdoch ) Trader
Trader:

PCCW-NEWS: PCCW + NEWS CORP. ( R. Murdoch )

 
02.03.00 11:45
#1
CyberWorks May Expand HKT Venture With News Corp. (Update1)
 3/1/00 10:55:00 PM
 Source: Bloomberg News
 (Adds appointment of new joint venture chief executive, background throughout.)

 Hong Kong, March 2 (Bloomberg) -- Pacific Century CyberWorks Ltd., Asia's
 third-biggest Internet investment firm, may expand a joint venture between Cable &
 Wireless HKT Ltd. and Rupert Murdoch's News Corp., its chairman said.

 A separate venture between News Corp. and Singapore Telecommunications Ltd.,
 which failed in its bid to buy HKT, doesn't pose a threat to future cooperation, said
 CyberWorks Chairman Richard Li. CyberWorks is buying HKT for up to $38.1 billion in
 Asia's biggest merger outside Japan.

 ''We will definitely discuss with them whether to continue the project, abandon the project,
 or expand the project,'' Li told reporters. ''We are open-minded and if it proves to be
 beneficial to our shareholders it won't be a surprise to further expand the project.''

 Li's optimism could mean relations are warming between the son of Hong Kong tycoon
 Li Ka-shing and Murdoch, who heads of the world's fourth-biggest media company.
 News Corp. today named Tom Mockridge, a longtime executive at the Sydney-based
 company, to head the venture with HKT.

 Mockridge, a New Zealander, joined News Corp. in 1991 and served as chief executive
 of Foxtel, its Australian pay television unit.

 The venture is to distribute 50 television channels, provided by News Corp.'s Satellite
 Television Asian Region Ltd., or Star TV, over HKT's broadband network. It will also

 improve existing online shopping, on-demand video and high-speed Internet access
 services, which HKT already offers.

 Star TV said separately that Li met with Rupert Murdoch's son James Murdoch in Hong
 Kong yesterday. Murdoch paid Li $950.5 million in 1995 for Star TV, which has yet to turn
 a profit.

 Li said he was feeling just as generous towards rival Sing Tel. ''If the Singapore
 government has good proposals which we think can enhance shareholder value, we
 would definitely consider that,'' Li said. ''Though we completed for HKT before, it doesn't
 mean we can't cooperate in the future.''

 While Li didn't close the door on News Corp., he also left it open for other potential joint
 venture partners. ''We can take time to decide what are our emphasis and what are not.
 Then we may take in minority partners in areas that is not of our primary focus.''

 Li also said he hoped HKT Chairman Linus Cheung and his top management remains at
 Hong Kong's dominant telephone company after the takeover is completed, a process
 that is expected to take four months. Cheung later confirmed he will remain at the
 company.

 ''I hope all the senior management will stay,'' Li said. HKT management had the ability to
 develop business in other Asian markets, and had only refrained from doing so in order
 not to interfere with Cable & Wireless Plc's plans for the region, he said.

 Li repeated a pledge not to sell any of its businesses within a year.

 ''We are comfortable with our financial situation. There is no need for us to do a LBO
 (leveraged buyout) or selling the company piece by piece.'' he said. ''We have over $2
 billion of cash ourselves and $2 billion of cash inside HKT.''

 CyberWorks rose 1.5 percent to HK$20.70. HKT fell 2.2 percent to HK$22.25. News
 Corp. rose 4.9 percent to A$25.85. Email this story to a friend Click for printer-friendly
 format  
PCCW-NEWS: PCCW + NEWS CORP. ( R. Murdoch ) lowizard
lowizard:

siehe auch artikel in der FT

 
02.03.00 12:21
#2
pcc wird noch kraeftig von c&w profitieren. murdoch versucht seit jahren in den asien markt zu kommen. li und shareholder werden noch richtig belohnt werden. hab bislang nur an kursziele von 3.5-5 E gedacht aber jetzt muessen wir uns mit neuen dimensionen beschaeftigen.
fakt ist: es gibt kein gewinnbringendes business! aber viele werden pcc und li verwenden um in diesen markt einzusteigen. in 2001/2 sprechen wir dann von einem echten bedeutenden unternehmen.
haette nicht geglaubt li wuerde so schnell erfolgreich zu werke gehen. wo manche jahre/jahrzehnte brauchen hat li in monaten schon erhebliches geleistet.  
PCCW-NEWS: PCCW + NEWS CORP. ( R. Murdoch ) Trader
Trader:

Kann Dir nur zustimmen, lowizard!! o.T. o.T.

 
02.03.00 12:25
#3
PCCW-NEWS: PCCW + NEWS CORP. ( R. Murdoch ) ey2buy
ey2buy:

Re: PCCW-NEWS: PCCW + NEWS CORP. ( R. Murdoch )

 
02.03.00 12:36
#4
wert hat leicht nachgegeben. denke aber, daß es die ersten verkäufe von
C&W sind. werde wohl nochmal nachkaufen. auf li kann man sich verlassen
(papa hat ja genug kohle)
vielleicht sehen wir PCCW ja 2001 zweistellig.
PCCW-NEWS: PCCW + NEWS CORP. ( R. Murdoch ) DGromm
DGromm:

So ist es lowizard, neue Dimensionen kommen auf uns zu, wollt mir j.

 
02.03.00 12:39
#5
als ich dies mal mutigerweise behauptete. Ist doch klar Mensch, ein Daddy als multi-Millardär im Hintergrund, ein verdammt gut ausgebildeter Sprößling, da kann unterm Strich nur was gutes bei herauskommen. Ich bleibe nach wie vor bei meiner Behauptung, daß PCC in 2 Jahren aufwärts den hohen 3-stelligen Euro-Kurs anpeilt.
PCCW-NEWS: PCCW + NEWS CORP. ( R. Murdoch ) 05141976300Z

Re: PCCW-NEWS: PCCW + NEWS CORP. ( R. Murdoch )Habe.

 
#6
Denke, das morgen der Kurs kräftig steigt!!!!NUR POSITIVE ANALYSEN!!!!


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