Word: pccw
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Dates: during 2001-2001
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...M.I.T. Laboratory for Computer Science, believes computers should adopt human-like qualities. They should understand our banter, joke with us, read us e-mails and, if an experiment under way in Hong Kong is any example, do a whole lot more. One2Free, a cellular service run by telecoms firm PCCW, has created a game world populated by four virtual girls: Alice, Angel, Ron and Veron. It's kind of a Tamogotchi for the home-alone-on-a-Friday-night crowd: through the cell phone, you sweet-talk the cybervixens into dates or out of their clothes. Since the service...
...cash for Hong Kong Telecom. What nobody realized then was that this khaki-clad scion who embodied all the Web concepts people used to act like they believed in?does anyone remember Metcalf's Law??would become the poster child for the New Economy's crash and burn. At PCCW's first announcement of its consolidated earnings last week, the company revealed that it wrote down $22 billion dollars in goodwill and was now, technically, insolvent. Li, who built his reputation on nouveau wheeling and dealing, has been reduced to that most mundane of Ancien Economy worries?squeezing cash...