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Lai See

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PCCW Day

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Crack open the champagne and put your party hat on. Today is PCCW Day.

Four long years ago, Cable & Wireless accepted a buyout offer from super-tech wannabe PCCW. It was to become a very special day - one the company thought was worth marking each year.

Actually, it was February 29 but being a leap year, it was thought more prudent to celebrate the milestone on March 1.

That way everyone could enjoy the fun and bask in the glory of the company's success. The back-patting, the bubbly, the cigars, the general sense that history had been made.

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Odd, Lai See's invite must have got lost in the post this year. And last. And the one before that. In fact, we think PCCW Day must be well understated.

The fact that PCCW's share price has plummeted an impressive 92 per cent since the day of the merger may have something to do with it.

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