SI
SI
discoversearch

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 : McLeod, Inc. (MCLD) ---- IPO
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Softechie who wrote (1084)12/3/2001 10:14:23 PM
From: BWAC  Read Replies (1) of 1418
 
Of course you could just outright say that it was all a pack of lies from the very beginning?

Thursday September 27, 5:27 pm Eastern Time
Press Release
SOURCE: McLeodUSA Incorporated
McLeodUSA Denies Groundless Rumors
CEDAR RAPIDS, Iowa--(BUSINESS WIRE)--Sept. 27, 2001--McLeodUSA Incorporated (Nasdaq:MCLD - news), the nation's largest independent competitive local exchange carrier, today issued the following statement:

While ordinarily it is the company's policy not to comment on rumor and speculation, McLeodUSA believes it is in the best interest of its customers, investors and employees to comment on recent inaccurate rumors about the viability of the company. The company believes its stock has been trading irrationally based on these groundless rumors. McLeodUSA is confident in its future and has absolutely no intention of filing for bankruptcy.

Since announcing a 90-day planning process in August, McLeodUSA has made significant progress in laying out its detailed plans for continued future success, focusing on these primary activities:

Refining its business strategy for going forward;
Analyzing the profitability of each of its markets with the intent of right-sizing and focusing its sales organization on profitable revenue growth;
Reviewing its capital expenditure requirements while maintaining full funding;
Reviewing each business unit in detail for cost and operational synergies;
Reviewing its asset portfolio to make available for sale assets which no longer align with the company's revised strategic plan;
Establishing detailed plans for 2002 and 2003 to achieve profitable growth.
The company believes it has the fundamentals in place to navigate through this difficult environment, and in fact, maximize the company's significant opportunity. McLeodUSA is on track to complete its detailed review and will communicate its plans to shareholders in the next several weeks.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News