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Strategies & Market Trends : The New Economy and its Winners

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To: fedhead who wrote (10456)	2/4/2002 7:42:38 PM
From: Bill Harmond	Read Replies (1) of 57684

Williams Comms (WCG) 1.00 -0.42: Reports Q4 loss of $0.52 per share, $0.05 better than the Multex consensus. Rev rose 15.1% to $330.3 mln vs the $329.9 mln consensus. Co discloses that it was informed by its banks on Jan 29 that, their view, the co may be in default under its credit agreement, and have reserved their rights accordingly. WCG has informed the banks that it strongly disagrees with their position. Co is in discussions regarding various possible restructuring alternatives, none of which include bankruptcy or the substantial dilution of equity security holders.

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