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Strategies & Market Trends : Making Money is Main Objective

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To: Softechie who started this subject	5/17/2001 5:02:51 PM
From: Softechie	Read Replies (1) of 2155

DJ McLeodUSA Needs $900M For Capex From April 1 To 2002˜ 17 May 11:43 WASHINGTON (Dow Jones)--McLeodUSA Inc. (MCLD) said it may need roughly $900 million from April 1 through 2002 to fund capital expenditures, according to its Form 10-Q filed with the Securities and Exchange Commission. The capital expenditure requirements include the costs for expanding its fiber optic communications network, including national and intra-city fiber optic networks; adding voice and data switches; and constructing, acquiring, developing or improving telecommunications assets in existing and new markets. The company had capital expenditures of $3.6 billion in 2000. McLeodUSA said in the filing Tuesday that it expects to meet the funding needs through various sources, including existing cash balances, the existing lines of credit, prospective sales of selected assets, exercises by employees of outstanding stock options and cash flow from future operations. McLeodUSA, of Cedar Rapids, Iowa, is a telecommunications company. -By Chad Clinton, Dow Jones Newswires; 202-628-9798 (END) DOW JONES NEWS 05-17-01 11:43 AM

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