Billionaire
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CyberWorks' chairman Li may step down as CEO in 2002
News Richard Li, whose Pacific Century CyberWorks Ltd bought Hong Kong's biggest telephone company only to become the worst performer on the city's stock index, said he may stand down as chief executive next year.
No buyer yet for C&W's CyberWorks stake
News Cable & Wireless Plc, Europe's third-largest network for Internet service providers, said it hasn't found a buyer for its 14.9 percent stake in Pacific Century CyberWorks Ltd, though it's free to sell half of that holding.
No buyer yet for C&W's CyberWorks stake
News Cable & Wireless Plc, Europe's third-largest network for Internet service providers, said it hasn't found a buyer for its 14.9 percent stake in Pacific Century CyberWorks Ltd, though it's free to sell half of that holding.
CyberWorks loses US$886m as Web strategy falters
News Pacific Century CyberWorks Ltd, Hong Kong's biggest phone company, lost US$886 million last year after its plan to use fixed-line income to fund high-risk Internet expansion faltered.
Billionaire dumps Yahoo stake
News Frustrated with the Microhoo saga, corporate raider T. Boone Pickens has sold his entire stake of 10 million shares in the Internet pioneer, according to reports.
Tags: Mergers, Acquisitions, Search, Internet advertising, Microsoft Corp., Yahoo! Inc., Stock, San Francisco Chronicle, board meeting, Carl Icahn
Microsoft seeks allies for fresh Yahoo bid
News The company also reportedly has met with Carl Icahn in recent days, urging the billionaire to keep pressing his proxy fight in an effort to motivate Yahoo's board.
Tags: Mergers, Acquisitions, Search, Internet advertising, Microsoft Corp., Google Inc., Yahoo! Inc., Internet Search Advertising, Stock, stock price
Next up, Yahoo's dog-and-pony investor show
News Billionaire Carl Icahn and Yahoo will be take their respective fix-it strategy messages on the investor road show circuit once they file their definitive proxies with the SEC.
Tags: Investor relations, Strategy formulation, Yahoo! Inc., Investor, Carl Icahn, SEC, shareholder, asset, strategy, agency
Internet deals of the damned
News More often than not, big Internet acquisitions turn out to be disappointments, or at least a bit ahead of their time.
Tags: Video, Acquisitions, Mergers
Cheung Kong sells 130m Hanny shares
News Cheung Kong Group, billionaire Li Ka-shing's unlisted holding company, will reduce its stake in Hanny Holdings by selling shares to institutional investors, two bankers arranging the sale said.
Alcatel grabs undersea cable contracts
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Broadcom's diverse sales pays off
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Broadcom posts fivefold jump in profit
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Iridium asks court to let satellites burn
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Iridium asks court to let satellites burn
News The world's first satellite-based phone system firm notified a federal bankruptcy court it failed to find a qualified prospective buyer by today's deadline and will shut down after less than two years in service.
Gates still richest man
News Bill Gates' fortune has slipped by US$1.3 billion, but with US$58.7 billion, the Microsoft chariman is still the world's richest man.
