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                    [ArticleID] => 167636
                    [Title] => PLDT blames bid of Gokongwei for stock price plunge
                    [Summary] => Philippine Long Distance Telephone Co. (PLDT) has blamed the planned takeover of the Gokongwei Group as the single biggest factor in causing investor sentiment to sour on the stock, leading to a gradual drop in its share price over the past month.


When the joint venture deal between Hong Kong’s First Pacific Co. Ltd. and the Gokongwei group was announced last June 5, PLDT stocks were trading at P457.50. Last Friday, it closed at a low of P307.50, losing P150 or a third of its value since.


                    [DatePublished] => 2002-07-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 165403
                    [Title] => PLDT involves US SEC on FPC deal
                    [Summary] => Following up on the Securities and Exchange Commission’s (SEC) letter-request to disclose the identity of the parties in the Gokongwei-First Pacific deal, the acquisition target itself – Philippine Long Distance Telephone Co. (PLDT) – has demanded the same disclosure policy from both parties as it elevated the issue to the US SEC.
                    [DatePublished] => 2002-06-21 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
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                    [ArticleID] => 164066
                    [Title] => Market to further weaken this week, say analysts
                    [Summary] => After falling to a six-month low last Friday, the stock market is seen to further weaken this week as the confluence of negative events continues to hound investor sentiment, analysts said.


"We expect bargain hunting to step up as the market seeks firmer ground below the 1,290 support range; initial support at 1,250, then 1,200," a report by BPI Securities noted.


                    [DatePublished] => 2002-06-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 163605
                    [Title] => Patriarch takes nap as deal is announced
                    [Summary] => Even as it was, as son Lance Gokongwei described it, "our single biggest investment ever," clan patriarch and main dealmaker John Gokongwei Jr. was nonchalantly taking his afternoon nap while the media feasted yesterday on the formal announcement of his $925-million joint venture deal.


                    [DatePublished] => 2002-06-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
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GOKONGWEI-FIRST PACIFIC

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                    [ArticleID] => 167636
                    [Title] => PLDT blames bid of Gokongwei for stock price plunge
                    [Summary] => Philippine Long Distance Telephone Co. (PLDT) has blamed the planned takeover of the Gokongwei Group as the single biggest factor in causing investor sentiment to sour on the stock, leading to a gradual drop in its share price over the past month.


When the joint venture deal between Hong Kong’s First Pacific Co. Ltd. and the Gokongwei group was announced last June 5, PLDT stocks were trading at P457.50. Last Friday, it closed at a low of P307.50, losing P150 or a third of its value since.


                    [DatePublished] => 2002-07-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 165403
                    [Title] => PLDT involves US SEC on FPC deal
                    [Summary] => Following up on the Securities and Exchange Commission’s (SEC) letter-request to disclose the identity of the parties in the Gokongwei-First Pacific deal, the acquisition target itself – Philippine Long Distance Telephone Co. (PLDT) – has demanded the same disclosure policy from both parties as it elevated the issue to the US SEC.
                    [DatePublished] => 2002-06-21 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 164066
                    [Title] => Market to further weaken this week, say analysts
                    [Summary] => After falling to a six-month low last Friday, the stock market is seen to further weaken this week as the confluence of negative events continues to hound investor sentiment, analysts said.


"We expect bargain hunting to step up as the market seeks firmer ground below the 1,290 support range; initial support at 1,250, then 1,200," a report by BPI Securities noted.


                    [DatePublished] => 2002-06-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 163605
                    [Title] => Patriarch takes nap as deal is announced
                    [Summary] => Even as it was, as son Lance Gokongwei described it, "our single biggest investment ever," clan patriarch and main dealmaker John Gokongwei Jr. was nonchalantly taking his afternoon nap while the media feasted yesterday on the formal announcement of his $925-million joint venture deal.


                    [DatePublished] => 2002-06-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

PLDT blames bid of Gokongwei for stock price plunge

By Christina Mendez | July 9, 2002 - 12:00am

Philippine Long Distance Telephone Co. (PLDT) has blamed the planned takeover of the Gokongwei Group as the single biggest factor in causing investor sentiment to sour on the stock, leading to a gradual drop in its...

Business

PLDT involves US SEC on FPC deal

By Christina Mendez | June 21, 2002 - 12:00am

Following up on the Securities and Exchange Commission’s (SEC) letter-request to disclose the identity of the parties in the Gokongwei-First Pacific deal, the acquisition target itself – Philippine Long...

Business

Market to further weaken this week, say analysts

By Christina Mendez | June 10, 2002 - 12:00am

After falling to a six-month low last Friday, the stock market is seen to further weaken this week as the confluence of negative events continues to hound investor sentiment, analysts said. "We expect bargain...

Business

Patriarch takes nap as deal is announced

By Christina Mendez | June 6, 2002 - 12:00am

Even as it was, as son Lance Gokongwei described it, "our single biggest investment ever," clan patriarch and main dealmaker John Gokongwei Jr. was nonchalantly taking his afternoon nap while the media...

Business