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Cable and Wireless plc (CWP) Message Board

  • northbest northbest Aug 1, 2005 1:54 PM Flag

    highest US volume day in 2+ years ! ...

    someone taking a major position?

    Fair value today is $8.61 based on UK close of 162p and $/� of 1.7703. Normal volume in UK of 17+M shares.

    I REALLY LIKE the rumor of price holding up Energis negotiations. Any final price below 700M (or better terms...i.e. noncash?) is really going to pop this stock up. Anything above that will take us down a bit. Good to hear CW is negotiating hard, as I would hate to see another Exodus or Digital Island.

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    • Hello Northbest and hopefully others,

      Exodus and Digital Island were not negoitiated well, to say the least.

      I was very dissappointed to see CW's new management dump them when they were close ( a year or two) to turning around, at a total cost of holding on of about $200 million.

      This would have been a great business in US market and worldwide. Tremendous growth potential. While I believe CW still has hosting space, nothing on the scale of CWUSA.

      I've been following CWUSA remnants and others, rounding bottom, strength returning, should be interesting investment.

      Gardner555

 

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