ASIANET: Daily Summary - Press releases distributed for Thursday, November 22, 2001.

SYDNEY: Asian telco Asia Global Crossing will deliver live Australian horse meetings to US race tracks, wagering outlets and households via a global fibre network which would replace the traditional satellite transmission for Australia’s national racing broadcaster, Sky Channel, according to a media release.

SAN JOSE: Broadband device developer High Bandwidth Access today announced a deal with S.A.S Dragon Holdings Limited that would appoint the company as a “primary source for the sales, application engineering and delivery” of HBA products in China, Hong Kong and Taiwan.

PURCHASE: PepsiCo Inc today said its subsidiary Stokely-Van Camp has called to redeem its 5 per cent “Cumulative Prior Preference Stock” on December 21 at $21.00 per share plus dividends via the Bank of New York.

CAMBRIDGE: Millenium Pharmaceuticals address to the Robertson Stephens Healthcare Conference in New York and the SG Cowen Investor Conference will be broadcast on the company’s web site, www.millenium.com, according to a press statement issued today.

TOKYO: Crosswave Communications Inc today said it had begun construction of its 40,000sqm Yokohama data centre, which would open January 2003.

HONG KONG: First Ecom.com Inc today filed its third quarter financial results reporting increased revenues of $205,928. “The third quarter was a good quarter business-wise," said Gregory Pek, president and CEO of First Ecom. "We moved quickly and decisively to obtain quality assets in our new core business of oil and gas, with the acquisition of a working equity interest in Gasco Energy.”

(AsiaNet is a consortium of leading news agencies distributing unedited, translated press releases for worldwide clients. Contact: www.asianet.com.au for full-text versions).

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