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Technology Stocks : WCOM

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To: paul t who wrote (10128)5/15/2002 1:20:01 PM
From: Softechie   of 11568
 
**WCOM WorldCom credit concerns (1.19 -0.05)
We are hearing rumors that WCOM has not been able to access their bank loans and are drawing down their bank credit line instead; however, Lehman makes the case that mgmt should be able to stabilize their credit deterioration and could ease near-term liquidity concerns with over $6 bln of liquidity available through 2006, and could create further comfort level in its positive free cash flow forecasts based on over $1 bln in expenditure reductions; if correct, firm believes that the mkt should gain confidence that WCOM will not have to file for Chapter 11 in the next 12-24 months.
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