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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	9/5/2001 11:57:26 AM
From: Softechie	of 37746

Adelphia Business (ABIZ) 1.91 +0.40 (26.5+%): -- Update -- In addition, ABIZ to sell certain assets to its parent company Adelphia Communications (ADLAC). ABS now expects to be free cash flow positive in the first half of 2004. Asset sales and expected completion of a $300-$500 mln bank credit facility will cut its previously expected unfunded free cash flow deficit through the end of 2003 from to $80-$280 mln from approx. $1.1 bln. Adelphia Business (ABIZ) 2.00 +0.49 (+32.%): Stock soars on news that company is cutting capex budget for 2001 to $235 mln from $420 mln and during 2003 and thereafter to $200 mln per yr from $300 mln; cites spending on long haul fiber, eliminating further investment in approximately 10 of its markets. ------------------------- They're standing still now. XO Communications will eat its lunch.

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