Prospectus confirms troubles at Optus

Article Abstract:

Cable & Wireless Optus reported gross earnings of $2.9 billion for the 1997-1998 period, compared to $424 million the previous year, an increase of 88.3%. Executives predict 15.6% revenue growth for 1998-1999, with profits of $65 million, compared to a 1997-1998 loss of $94.5 million. The company, which has issued a prospectus for a float in Nov 1998, may meet problems including competition in the mobile telephone industry.

Wired Telecommunications Carriers, Telephone Communications, Telephone communications, exc. radio, Telephone services, Cable & Wireless Optus Ltd.

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Easy credit brings trouble for technology giants: vendor financing was popular, but when the clients went south, so did the loans

Article Abstract:

The collapse of some high-technology and telecommunications start-ups in Australia has raised questions about vendor financing. It will probably not be necessary for vendors to abandon their practice of financing their sales, but they will have to look much more closely at borrowers and use better risk-management methods.

Analysis, High technology industry, Credit management

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Li's dot-bombs

Article Abstract:

Richard Li, founder of Pacific Century CyberWorks (PCCW), a Hong Kong telecommunications company, has formed partnerships with SoftNet Systems of San Francisco, CA and Telstar of Australia, but returns have been limited.

Investments, Joint ventures, Pacific Century CyberWorks, SoftNet Systems Inc.

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