XO Communications (XOXO) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : XO Communications (XOXO)

XOXO 34.99

0.0%

Dec 21 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: BlueCheap who wrote (229)	7/27/2001 11:00:28 AM
From: Softechie	Read Replies (2) of 1018

Bought 20K at $1.26 this AM. Talked to Michelle Heath (IR) this AM and she reiterated what I've speculated that it will have to take couple more quarters for them to show that their business plan is working with strong execution and experienced managment in telecom CLEC arena. Public sentiment for CLEC is at bottom right now and with funding on the air it's not helping. However, they have ample cash to last through 1Q03. They're waiting for the capital market to open up in 2002 before they'll do anything. For now they don't need additional capital. She also mentioned that they're getting proposals from lenders and capital groups weekly but they're not selling company for cheap. I believe they will survive through this telecom carnage.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next