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Technology Stocks : 360Networks - TSX - TSIX
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To: $Mogul who wrote (422)7/25/2001 4:38:32 AM
From: Marty Lee  Read Replies (1) of 449
 
does it follow?

"Even then, the company faces the same fiber-optic glut and flat demand that forced it into bankruptcy. "The banks are looking for the most rational way to wind down the business, auction it off," a source said."

Isn't this like saying that even if 360 has no long term debt, it will still remain unviable? Why then should anybody wish to buy its wares? If the remaining network is of no use to 360, why should it be of value to others?

Marty
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