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Technology Stocks : WCOM

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To: tejek who wrote (10463)6/5/2002 11:39:50 AM
From: BEEF JERKEY  Read Replies (2) of 11568
 
I wonder what kind of money that will save.

100 k per employee translates to $1.6 billion. That's a larger cut than capex. I don't know if it's reasonable to consider that it may translate to another $600 million to $1 billion Free Cash flow. I would judge this is actually really good news today - for the stockholders - my sympathies to those who got/get laid off.

Don't like the action on the stock lately. Lightened my load a bit yesterday in the interest of capital and profit preservation although it pains me to do so. It's really getting nuts again. I'm sure most sellers are getting out at a loss by now. You gotta wonder. You will never make money buying high selling low. Irrationality has a very firm grip on WCOM right now.

Meanwhile Q is hanging in @ over $5. As I say you gotta wonder.
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