Williams Communications Group - WCG 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 : Williams Communications Group - WCG

WCG 349.92

+1.4%

Jan 23 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: AV8R who wrote (589)	2/25/2002 2:07:02 PM
From: James Calladine	of 609

FROM BRIEFING: 13:43 ET WMB Williams Cos weighed down by WCG woes (14.77 -1.53) Investors backing away from stock after Williams Communications (WCG 0.18 -0.33, -65%) announced that it has expanded its restructuring options to include a negotiated Chapter 11 bankruptcy. Market concerned that prospect of Chapter 11 filing could trigger a downgrade of WMB debt. In the event of a bankruptcy filing by WCG, parent WMB would be on the hook for more than $1 bln in loan guarantees. Today's weakness leaves WMB hovering just above its one-yr low of $14.05 set Feb 6.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next