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Technology Stocks
PCCLF- Pacific Century Group
An SI Board Since January 2000
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Emcee:  Hawkmoon Type:  Unmoderated
I've been hearing that Merrill Lynch brokers are pushing this stock, claiming that it is destined to be the AOL of Asia, despite the fact that it is still a Bulletin Board company.

When I decided to do my initial research tonight on exactly what and who PCCLF is, I had to admit that I was quite surprised.

PCCLF is ran by none other than Richard Li, 31, founder of Star TV (which he later sold to Rupert Murdoch's NewsCorps for some $900 million), and heir to the $9 Billion fortune of his father.

pcg-group.com
pcg-group.com
pcg-group.com
pcg-group.com

Li invested $129 million in Softnet (SOFN) back in Oct, 1999:

softnet.com

On top of that, Li appears to be using his holding company to invest in holding companies in various parts of Asia, such as Singapore:

whois.com
(hope this link continues to work)

So I would be very interested in seeing others flesh out this story for the rest of us.

I don't buy the AOL analogy, but I certainly see a comparison with CMGI (which is supposedly ALSO a major shareholder in PCCLF), and SoftBank.

One last thing... This stock is VERY DIFFICULT to get an accurate quote on. Etrade shows it, but Yahoo and SI do not reflect a quote.

Go to www.etrade.com for a delayed quote, but no bid/ask.. yet.

I can't figure out why there is no bid/ask, when Merrill is so actively discussing the stock with their customers.
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ReplyMessage PreviewFromRecsPosted
11 February 14, 2000 StockHouse News Desk By Jack J. Bensimon (jbensimon@stockhousmichael-2/13/2000
10 try out these sites and type in 1186, intead of PCCLF, for stock price. e-finetRolla Coasta-2/13/2000
9 I obtain my daily quotes on PCCLF from Fidelity, although they are always at leSokkerfan-2/13/2000
8 Ron, I think HK is a very free market, and I don't think the PRC can coRolla Coasta-1/16/2000
7 Ernest, Don't overestimate Li's powerbase. Remember the communHawkmoon-1/16/2000
6 I will hold PCCLF for the long long term. Bought @ HK$8. I also like the followRolla Coasta-1/16/2000
5 The Li family have all the connections in China to do all they want to do, and Rolla Coasta-1/16/2000
4 Thanks all!! Before I started the topic, I did a couple of searches here on SIHawkmoon-1/16/2000
3 Interest rate hike concern still affects the HK stock market. I like the prospeRolla Coasta-1/16/2000
2 There is no company PCCLF, this is a nasdaq symbol for PCCL (Pacific Century Cynihil-1/15/2000
1 One more thing on PCCLF. It is very difficult to obtain a quote on the stock. Hawkmoon-1/14/2000
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