HJ, That is a good article you posted. In the sense that it supports a couple of my bets.
>> Savas added that PSINet, which also provides Web hosting services that run corporations' Internet sites, also had some poorly timed acquisitions that it had problems integrating.
<<
So why oh why isn't my exds going up on this news? Doesn't the bankruptcy of a competitor bode well for the survivors ?
>> NORTEL HAS BIGGEST UNSECURED TRADE CLAIM
The filing listed Wilmington Trust Co. as trustee for more than $2.7 billion of unsecured debt.
The largest unsecured trade creditor, according to the bankruptcy filing, is Nortel Networks Inc. , with $99.7 million in claims.
The largest other unsecured trade creditors, PSINet said, include Cisco Systems Inc. with $81 million; Broadwing Communications Service, $27.5 million; Leastec Corp., $26.3 million; GE Capital Corp., $21.3 million and Lucent Technologies Inc. , $20.7 million.
<<
Meanwhile, my adct, which doesn't have any debt or bad loans, is sitting on a pile of cash, and a great balance sheet. And yet a dirt cheap stock price.
Oh, well. At least I got to pick up a lot of i2 shares on the cheap last week. |
