Philippines News Archives

Friday, December 15, 2000

AC ( 12/15/2000 : AFX )
Ayala Corp said it will pay a cash dividend of 0.03 pesos per share to shareholders on record as of Jan 10. The dividend will be paid on Feb 12 with the ex-date at Jan 5.
- posted by StockMarket @ 9:47 PM

Wednesday, December 13, 2000

AC ( 12/13/2000 : STAR )
The Ayala group and the IIJ group of Japan signed an agreement yesterday to set up an Internet data center with a capitalization of P800 M. In a disclosure to the Philippine Stock Exchange, holding company Ayala Corp. said it has forged a joint venture with IIJ (Internet Initiative Japan) to establish Ayala Port Makati Inc., a state-of-the-art Internet data center that will provide comprehensive Internet services such as connectivity, server hosting and housing, and systems integration. The joint venture brings together the resources and expertise of Ayala, the IT investment arm of Ayala Corp.; ALINet.com, the technology company of Ayala Land Inc.; and the IIJ group, including Crosswave Communications Inc. The Nasdaq-listed IIJ is one of Japan’s leading Internet access and solutions providers. It has also built one of the largest backbone networks connecting Japan to the US, the Internet core of the world. Ayala Port will also offer a host of value-added services that will provide its customers with a "one-stop-shop" solution no matter how varied and complex their technology requirements may be. Its objective will be to allow any company to take advantage of the benefits of it with more efficiency than if they were to do it themselves without any experience to guide them at full capacity," the company said.
- posted by StockMarket @ 9:46 PM

Tuesday, December 12, 2000

AC ( 12/12/2000 : PSE )
Please be informed that Ayala Corporation's wholly owned subsidiary, iAyala Company, Inc. has signed with ALINet, and the IIJ Group of Japan a joint venture agreement creating Ayalaport Makati, Inc., a state-of-the-art Internet data center, with capitalization of P800 M. The joint venture brings together the resources and expertise of iAyala, the I.T. investment arm of the Ayala Corporation; ALINet, the technology company of Ayala Land, Inc.; the IIJ Group including Crosswave Communications, Inc. and Internet Initiative Japan Group (IIJ). IIJ is one of Japan's leading Internet-access and solutions providers. It has also built one of the largest Internet backbone networks connecting Japan to the United States, the Internet core of the world. The Ayalaport Makati Internet data center will provide comprehensive Internet services such as Internet connectivity, server hosting and housing, and systems integration. In addition, it will also offer a host of other value-added services that will provide Ayalaport's customers with a "one-stop shop" solution no matter how varied and complex their technology requirements may be. Its objective will be to allow any company to take advantage of the benefits of IT with more efficiency than if they were to do it themselves without any experience to guide them. At full capacity, Ayalaport Makati will be able to accommodate thousands of Internet servers. The above information is being submitted in compliance with the rules of the SEC and the PSE.
- posted by StockMarket @ 9:46 PM

AC ( 12/12/2000 : AFX ) Ayala Corp subsidiaries iAyala Company Inc and ALINet, Inc have signed a joint venture with the IIJ Group of Japan to set up Ayalaport Makati Inc, an Internet data centre with capitalisation of 800 mln pesos. In a statement, Ayala Corp managing director Renato Marzan said the Internet data centre will provide comprehensive Internet services such as Internet connectivity, server hosting and housing, and systems integration. iAyala is the information technology arm of Ayala Corp while ALINet is its technology company. The IIJ group includes Crosswave Communications, Inc and Internet Initiative Group.
- posted by StockMarket @ 9:45 PM

AC ( 12/12/2000 : AFX ) Ayala Corp shares were lower in mid-morning trade in line with the bearish market sentiment, as investors feel that its joint venture to set up an Internet data centre will have no immediate substantial impact on earnings, dealers said. At 11:01 am, Ayala Corp was down 0.10 peso or 1.39 pct at 7.10 on volume of 344,000 shares worth 2.44 M pesos. The composite index was down 5.32 points or 0.38 pct at 1,388.39. "The market's not sensitive to news unless it is extremely good. I think, on the buying side, people are hesitant and foreign players don't want to look at the Philippines," said Henry Ong, vice president at KGI Securities when asked to comment on the decline in Ayala shares. Ayala Corp early today said its subsidiaries iAyala Co Inc and ALINet Inc. have signed a joint venture agreement with the IIJ Group of Japan to set up an Internet data centre capitalised at 800 M pesos. "Obviously, any Internet joint venture will not impact immediately on the company's bottomline. They have to build up a customer base and awareness," said an analyst at a foreign brokerage. The analyst said that he earlier downgraded his net profit forecast for Ayala Corp this year at 3.7-3.8 B pesos from the original 5.1 B peso forecast on account of forex provisions the company has set aside in the third quarter for the volatility in the financial markets. "We also have to consider that many are growing skeptical about the prospects for an Internet data business given the abundance of Internet-related companies. People are trying to determine if this really has value or not given that dotcom companies in the U.S. are closing shop," said Warren Chua at Mercantile Securities.
- posted by StockMarket @ 9:45 PM

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