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Non-Tech : Federal-Mogul Corporation (FDMLQ)
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To: accountclosed who wrote (86)2/16/2001 10:33:09 AM
From: JHP  Read Replies (1) of 142
 
WSJ article: Negative
by: hceen011 02/16/01 12:20 am EST
Msg: 13419 of 13427

Excerpt:
1. Federal-Mogul faces a number of concerns, including the possibility of bankruptcy, an overall softening in the auto market and asbestos claims from its acquisition of T&N PLC.

2. Deutsche Banc Alex. Brown auto parts analyst Kenneth Blaschke rates the company a sell and predicted that FMO will have negative cash flow of $435 million this year.

3. A lack of cash flow to pay down debt and expected losses in the first half of 2001 will likely cause Federal-Mogul to break new debt covenants as early as the second quarter of 2001, Mr. Blaschke said.

See link for more:
interactive.wsj.com
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