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Topic: Pacific Century Cyberworks


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In the News (Fri 19 Apr 19)

  
  Pacific Century Cyberworks - Wikipedia, the free encyclopedia
Formerly Pacific Century Development, it was an investment holdings company.
The English name of PCCW was changed from "Pacific Century CyberWorks Limited" to "PCCW Limited" on 9 August 2002.
It then won a controversial land deal, acquiring valuable waterfront real estate from the government without any public auction bids.
en.wikipedia.org /wiki/PCCW   (891 words)

  
 CommunicationsWeek International: Broadband venture targets Asian Net users - Pacific Century Cyberworks Ltd - Company ...
Pacific century Cyberworks Ltd. is embarking on an ambitious venture to deliver a hybrid satellite and cable television Internet access network reaching 110 million households.
CyberWorks' strategy is to use cable systems, upgraded to support broadband data rates, to overcome a major obstacle in Asia to Internet growth: the lack of telephone infrastructure and computers in homes.
CyberWorks' broadband business was valued at a minimum of $5 billion, based on an estimate by Merrill Lynch that it could capture 19% of the broadband regional market--24 million subscribers--by 2005.
www.findarticles.com /p/articles/mi_m0UKG/is_1999_Oct_4/ai_56978960   (675 words)

  
 Communications Day - In the Loop Archives   (Site not responding. Last check: 2007-10-20)
Pacific Century Cyberworks is the creation of Richard Li, the son of Asia’s richest tycoon Li Ka-Shing, who’s Hutchison Whampoa and Cheung Kong Holdings own international telecom assets and a range of ports, properties and retail chains in Hong Kong.
Pacific Century Cyberworks first gained attention when it secured a deal to gain access to some prime land in Hong Kong in return for setting up a Cyberport (or what we would call, multi-function polis).
Pacific Century, being the good white knight that it is, came in with an ultimately successful counter-bid.
www.commsday.com.au /loopar07.htm   (473 words)

  
 Fool.com: As Hong Kong Telecom Turns[Fool on the Hill] April 28, 2000
This bid was soon countered by Pacific Century Cyberworks (OTC: PCCLF), an upstart that has gone from nonexistent a year ago to being one of the largest companies in Hong Kong in terms of capitalization.
However, Pacific Century's shares have fallen sharply since then, and now their deal is worth only $25 billion, which is an 8% discount to the current market price of Hong Kong Tel stock.
But perhaps Cable & Wireless sees something in Pacific Century stock that they could not have in cash -- the chance to grow along with Richard Li, someone who by most reckoning is believed to have the vision, contacts, and resources available to provide sensational return on their investment.
www.fool.com /news/foth/2000/foth000428.htm   (1040 words)

  
 Business Wire: Pacific Century CyberWorks and SoftNet Systems ... @ HighBeam Research   (Site not responding. Last check: 2007-10-20)
Pacific Century SoftNet has been formed to market high speed Internet access, technical expertise and related services and products to Asian cable operators and their 130 million subscribers in more than 50 Asian countries.
Pacific Century CyberWorks Limited (PCCW), the Hong Kong-listed technology flagship of the Pacific Century Group (www.pcg-group.com) is comprised of three main businesses: Pacific Convergence Corporation, CyberWorksVentures and the Cyber-Port project.
Pacific Convergence Corporation (PCC) plans to be the world's leading provider of broadband Internet services, to be initially launched in Asia and serving 130 million cabled households.
www.highbeam.com /library/doc0.asp?docid=1G1:59702688&refid=ink_tptd_np   (828 words)

  
 PM - Telstra travails
MARK SIMKIN: The deal with Pacific Century Cyberworks is at the heart of Telstra's plans to break into the booming Asian telecommunications market.
Pacific Century Cyberworks stock has been getting caned in recent weeks, so much so that the shares Telstra will pay nineteen and a half Hong Kong dollars for are currently trading at just $8.45.
CHRIS CHOY: No surprise okay especially that Pacific Century are down about 30 per cent for past one month if they're still using the old terms is unfavour to Telstra.
www.abc.net.au /pm/stories/s188993.htm   (886 words)

  
 Pacific Century CyberWorks, SoftNet Systems Launch Pacific Broadband Bid
Pacific Century CyberWorks Limited is the technology flagship of the Pacific Century Group.
Hubert Ng, Pacific Convergence Corp. chief executive officer, said the creation of Pacific Century SoftNet is another exciting step for PCCW it continues to be the force behind the Internet revolution in Asia.
The launch of Pacific Century SoftNet is an extension of the January $129 million transaction in which PCCW bought five million shares of SoftNet common stock.
www.internetnews.com /xSP/article.php/314521   (494 words)

  
 Stock Fraud ? Scam ? Cheat ? Lie ?   (Site not responding. Last check: 2007-10-20)
In Pacific Century CyberWorks' management profiles, the company once said Mr Li ``was educated in the US and graduated from Stanford University with a degree in computer engineering''.
CyberWorks said Thursday that Li's description as a Stanford graduate was limited to publicity information and ``did not appear in public disclosures filed by the company.'' Today, the company said that isn't the case, and that steps are being taken to fix the mistake.
Pacific Century CyberWorks on Friday night revealed its head Richard Li Tzar-kai was associated with two companies which had filed public statements that contained "erroneous" material about his academic record.
www.geocities.com /richardliar/richardliar.html   (3505 words)

  
 Business Wire: Trend Micro Partners with Pacific Century CyberWorks Subsidiary TTN to Provide Online Antivirus Services
TTN is also a subsidiary of Pacific Century CyberWorks (PCCW-HKT) the Hong Kong-listed flagship of the Pacific Century group, which became a major player in the global telecommunications and Internet markets through PCCW's acquisition of Hong Kong Telecom in August 2000.
The TTN deal is Trend Micro's first alliance with the Pacific Century Group, and marks a new step in Trend Micro's global effort to build virus protection into the infrastructure of the Internet.
Pacific Century CyberWorks (SEHK: 0008) is the Hong Kong-listed flagship of the Pacific Century Group, formed in August 2000 by the merger of Pacific Century CyberWorks and Cable & Wireless Hong Kong Telecom.
www.findarticles.com /p/articles/mi_m0EIN/is_2000_Nov_3/ai_66577925   (905 words)

  
 Engology.com, Engineer Richard Li, Entrepreneur, Engineer Billionaire, Engineer Inventor, High Profile Enginerers, ...
Pacific Century Cyberworks - heralded by investors although there were a few skeptics when PCCW was launched.
The one billion CyberWorks shares Cable and Wireless sold on Wednesday went for 37 per cent less than when the two companies did the deal in June, the equivalent of a $6.2 billion Cdn loss.
But in the end, Richard Li and his Pacific Century Group shall prevail cause Size Does Matter and the influence and economic engine of the Li family world-wide shall endure the ups and downs of global economic trends.
www.engology.com /eng5li.htm   (1295 words)

  
 CyberWorks unveils new Net Services strategy - Business - News - ZDNet Asia   (Site not responding. Last check: 2007-10-20)
CyberWorks claims to have the highest number of broadband subscribers in Hong Kong, and is targeting both broadband and iTV subscriptions to more than double from 230,000 at the end of 2000 to more than 500,000 in 2003.
And with US$5 billion in debt, CyberWorks chairman and CEO Richard Li is under even greater pressure to cut costs and focus on the bottomline.
CyberWorks' shares, which is down 52 percent this year, traded to as high as HK$28.50 early last year before the company's debt burden and eroding market sentiment on Internet stocks took its toll.
www.zdnetasia.com /news/business/0,39044229,30085479,00.htm   (762 words)

  
 TIMEasia.com | Hong Kong Cyber Kid Takes a Hit | 10/2/2000
CyberWorks has also been unable to persuade Japanese Internet giant Softbank to distribute its Network of the World (now) TV and satellite Internet service.
Although CyberWorks has several projects on the go, it is pinning its hopes primarily on now, a broadband Internet service delivered across Asia to TV sets, computers and wireless devices.
After this week's share price drop, analysts calculate that CyberWorks' net worth, at $24.5 billion, is about equal in value to just the HKT portion—effectively putting a zero valuation on the company's Internet business.
www.time.com /time/asia/magazine/2000/1002/hk_richard_li.html   (900 words)

  
 Interview Richard Li of Hong Kong
Pacific Century outbid Singapore Telecommunications Ltd., SingTel – the Singapore government owned phone company run by Lee Hsien Yang, the 42-year old son of Singapore’s former Prime Minister and current Senior Minister, Lee Kuan Kiew, in a contest that had the whole world watching.
Pacific Century is already pursuing an internet venture that includes Intel and other partners.
First, there is Pacific Convergence Corporation which grew out of a 60-40 joint venture with INTEL, which continues to hold 13%; it aims to be the largest provider of broadband internet services in Asia via its satellite network serving 110 million connected cable households.
www.business-in-asia.com /richard_li.html   (2638 words)

  
 Intel And Pacific Century Group Announce Agreements To Enable Broadband Internet Deployment In Asia   (Site not responding. Last check: 2007-10-20)
PCC is expected to become a wholly owned subsidiary of Pacific Century CyberWorks.
Intel's planned investment in Pacific Century CyberWorks, combined with its initial stake in PCC, would give Intel shares equivalent to a 13 percent stake in Pacific Century CyberWorks.
Pacific Century Group is a private company owned by Richard Li and the company's senior management.
www.intel.com /pressroom/archive/releases/Aw080199.htm   (408 words)

  
 Forbes.com - Magazine Article   (Site not responding. Last check: 2007-10-20)
Pacific Century Cyberworks (PCCW) is one of these companies.
The Hong Kong-based company announced October 12 that it was forming a joint venture with San Francisco-based SoftNet to establish broadband cable and satellite projects in 63 Asian countries.
According to the terms of the deal, PCCW, which is majority owned by Hong Kong's Pacific Century Group, will buy 5 million shares of SoftNet stock.
www.forbes.com /1999/10/13/mu1_print.html   (443 words)

  
 World Business Archive | BBC World Service
The big and powerful corporations which linked up with Pacific Century now seem to be doing their best to distance themselves from Mr Li’s company.
The mighty Intel corporation is also notably quiet having poured cash into Pacific Century and become a partner in the highly ambitious Network of the World, or NOW project, which is designed to combine internet and television services.
Pacific Century insists that it is on course for recovery and most of its troubles are no more than a reflection of the general dot.com malaise.
www.bbc.co.uk /worldservice/business/story_cmt060401.shtml   (639 words)

  
 Australia's Telstra in $3B deal with Li Internet group   (Site not responding. Last check: 2007-10-20)
Pacific Century CyberWorks stands to gain a powerful partner, a welcome infusion of cash and some added cachet in the telecom industry.
The two companies are also creating a mobile telephone joint venture to be held 60 percent by Pacific Century CyberWorks and 40 percent by Telstra.
When the deal was first announced, Pacific Century CyberWorks said the price would come to $38.1 billion in stock, or $35.9 billion in cash and stock.
www.allpop.com /TechNews0004/12_li.html   (511 words)

  
 TheStreet.com: Offshore 'Scalping' in Pacific Century Offers a Lesson to Small Investors
Previously, Pacific Century CyberWorks trading data were being disseminated in real time.
The broker's own internal compliance team discovered "our guys" were holding orders on Pacific Century in the U.S., and then buying the stock overnight in Hong Kong, often at lower levels.
Although some, even many, investors have profited in Pacific Century CyberWorks shares, the goings-on in the stock behind the scenes provide another example of what can happen when you close your eyes and buy something on a whim and prayer.
www.thestreet.com /pf/comment/taskmaster/850540.html   (742 words)

  
 ITworld.com - Intel to invest $50M in Asian broadband group
Cyberworks is owned by Hong Kong's Pacific Century Group (PCG).
CyberWorks will become PCG's flagship information technology operation, with the goals of investing in both local and international IT and Internet companies.
Intel and PCG formed PCC in March of last year, with the Hong Kong company holding a 60% share to Intel's 40%.
www.itworld.com /Net/2607/CWSTO28578/pfindex.html   (253 words)

  
 Pacific Century Cyberworks posts $4.5 million loss - Sep. 28, 2000   (Site not responding. Last check: 2007-10-20)
Pacific Century Cyberworks posts $4.5 million loss - Sep. 28, 2000
LONDON (CNNfn) - Hong Kong Internet and telecom firm Pacific Century Cyberworks on Thursday reported a first-half net loss as the company took a hefty charge for its acquisition of Cable and Wireless HKT.
The company said it would acquire 38 percent of the venture, which would be 31 percent owned by China Unicom, 18 percent by R.H. Donnelley and 4 percent by InfoSpace Inc.
money.cnn.com /2000/09/28/asia/pccw   (408 words)

  
 PM - Telstra-Pacific Century Cyberworks alliance
It's concerned it will take a major stake in the Hong Kong telephony company that will be performed when Pacific Century Cyberworks, which is owned by Richard Lee, finalises that huge takeover of cable and wireless of Hong Kong Telecom, which is worth about 64 billion.
One is that half those assets or an amount of debt through a convertible note structure will go into Pacific Century, and that will be into a mobile telephony company.
So that's still a little bit up in the air but Telstra's been marked down in the market for some time now because there's a perception that it's not quite sure how to grow, where to go to get at the advantage of the new economy growth.
www.abc.net.au /pm/stories/s118266.htm   (535 words)

  
 Chinese connection 'helped CyberWorks win bid battle'
CyberWorks will offer 1.1 of its shares in exchange for each C&W HKT share, or 0.7116 shares and 92.9 US cents, which values the entire company at between $35.9bn and $38.1bn.
CyberWorks' contacts in Beijing, through Mr Li, are expected to aid the new company's breakthrough into the mainland Chinese telecoms market.
It is thought that a successful bid by SingTel, majority-owned by the Singapore government's investment arm, would have hampered such expansion because 10pc of HKT is still owned by the Beijing government.
www.telegraph.co.uk /htmlContent.jhtml?html=/archive/2000/03/01/cncnw01.html   (452 words)

  
 Pacific Century CyberWorks to Raise $258M From New Shares
Controlled by Star TV founder Richard Li, CyberWork's plans to deliver broadband access and content services to home throughout Asia over a satellite to cable distribution system.
CyberWorks estimates that the full broadband Internet access will be available to Asian users in the first half of 2001.
This week, CyberWorks met with CMGI representatives while they were visiting Hong Kong, according to sources.
www.internetnews.com /bus-news/article.php/3_200841   (502 words)

  
 Geek.com Geek News - Cyberworks costs lots   (Site not responding. Last check: 2007-10-20)
A Hong Kong company called Pacific Century CyberWorks HK just paid $1 million for the domain names Cyberworks.com and Cyberworks.net.
Pacific Century CyberWorks boasts that it produced the "world's first interactive television service and the world's first true converged Internet and digital video content service," and can now reach over 135 million households in the Asia-Pacific region.
Cyberworks.com was formerly owned by a company in California called Cyberworks, but which changed its name to Venture Catalyst Inc. Thus, it didn't mind selling the domains and getting such a nice payoff.
www.geek.com /news/geeknews/q22000/gee2000818002161.htm   (535 words)

  
 Reports: Bertelsmann, Pacific Century Cyberworks consider EMI bid - Oct. 6, 2000
LONDON (CNNfn) - On the heels of EMI Group PLC and Time Warner Inc. pulling out of their merger agreement, German media firm Bertelsmann AG and Hong Kong Internet and telecom company Pacific Century CyberWorks could emerge as bidders for the British music firm, media reports said Friday.
Bertelsmann is considering a merger of its BMG music unit with EMI (EMI), the New York Times and Germany's Frankfurter Allgemeine Zeitung (FAZ) business daily quoted industry sources as saying.
Pacific Century CyberWorks, which recently took over Hong Kong's dominant telecom group Cable and Wireless HKT in a $37.4 billion deal, is also
money.cnn.com /2000/10/06/deals/emi   (462 words)

  
 About SINANET.com | PressRoom | Article 3
Pacific Century CyberWorks Limited ("PCCW"; Bloomberg:1186; Reuters: 1186.HK), the Hong Kong-listed technology flagship of the Pacific Century Group, has a market cap of HK$49 billion (as of 3 November 1999).
Pacific Convergence Corporation (PCC), originally formed as a 60:40 joint venture between the Group and Intel Corporation, the world's leading maker of microprocessors, is a subsidiary of PCCW.
PCC's objective is to be the leading provider of broadband Internet services in Asia via its satellite network.
home.sina.com /about/press/article29.html   (1268 words)

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