WCG statement:
E-mail from Investor Relations 11/28/20
by: eman1950 (50/M/Washington State)
Long-Term Sentiment: Strong Buy 12/06/01 12:58 pm
Msg: 54314 of 54334
xxxx,
I am a colleague of Patricia Kraft's and am responding on her behalf. I
apologize for not replying sooner.
Whenever things seem uncertain, I try to focus on the facts and data to best
understand what is happening. The fact is that WCG has continued to execute
on its business plan despite the current economic challenges. WCG was able
to raise $3 billion in liquidity in 2001 to fully fund its business plan. We
continue to sign multi-year agreements with high quality customers: Yahoo!,
Tycom, Cingular, Cox Communications, and The Boeing Company among others. At
the same time, we continue to grow our book of business with an enviable
list of existing customers: SBC, WorldCom, and the NFL among others. These
successes allowed us to do what no other next-generation carrier did in the
third quarter - grow sequential revenues from the second quarter.
Furthermore, we project positive sequential revenue growth from the third to
the fourth quarter when our competitors are forecasting flat or negative
revenue growth for the same time period. A company-wide focus on
operational efficiencies has also led to a reduction in costs and improved
operating margins during the past several quarters.
The recent rise in WCG stock reflects these accomplishments and is
recognition from the investment community that WCG is differentiating itself
from its peers.
Thank you for your continued interest in WCG, and please feel free to call
if you have other questions.
Sincerely,
Rick Martich
Senior Financial Analyst
Williams Communications
Investor Relations
(918)547-4557 |
