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[sharechat] Telstra Wildy Divergent Views

From:	Marilyn Munroe <who.c@res.co.nz>
Date:	Tue, 17 Apr 2001 23:31:12 +1200

From recent J B Were research.

"From June 2001 onwards Telstra will include in its results the impact of its two Asian joint ventures with PCWW. These vehicles represent a key plank in Telstra's future stratergy of becoming a fully integrated, pan Asian telecommunications player. For the reasons above we recommend the stock as A LONG TERM BUY around current levels."

From The Economist March 31st-April 6th issue

"...fate has added infamy to injury. PCWW's share are down but 87% from their high of little over a year ago. In effect, the market now values only Hong Kong Telecom and considers Mr Li's erstwhile internet vision entirely worthless. ...... To cap it all, on March 28 PCWW announced a consolidated loss last year of $886m."

Boop-boop-de-do Marilyn

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