Lai See

PUBLISHED : Friday, 14 November, 2003, 12:00am
UPDATED : Friday, 14 November, 2003, 12:00am


Think dominant fixed-line telecommunications operator PCCW is - like many former entrenched monopolies - a soft, flabby target for leaner and meaner start-up competitors?

Think again. PCCW's finest are raring for fight and training hard.

Lai See knows this because from the outdoor stairwell off our office pantry we look across to PCCW's offices, where in the evening employees can be seen jumping and twisting in what appears to be a regular exercise-cum-dance class.

And what are we doing out on that stairwell? Smoking, of course.


The outcome of a rugby match thousands of kilometres away is expected to influence the performance of Britain's FTSE-100 Index next Monday.

Okay, so it is the Rugby World Cup semi-final between Britain and France, being held in Australia, but who would expect the result to have such a far-reaching effect?

British economists do after discovering that the stock market reflects the triumphs and disasters of the England football team.

Nature reports they say this weekend's match could have a similar effect, with a loss resulting in share prices tumbling when trading opens on Monday morning.

A win, however, would see the Footsie kick off the day on a high note.

There was, for example, a 1 per cent fall for the market after Germany beat England in the 1990 soccer World Cup on penalties.

At least market players can begin Monday in the know.