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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (42217)	6/17/2002 8:27:38 PM
From: pogbull	Read Replies (1) of 209892

Hello my friend, found some info I don't like on WCOM. You helped me to make a few dollars so hopefully this will help you save a few. To:John Curtis who wrote (10674) From: JWRPhD Monday, Jun 17, 2002 8:22 PM Respond to of 10676 Does the 5 Billion include the Account Receivables 1.6 Billion? I understood that it didn't. From the press release-- "WorldCom's negotiations with its banks on a new $5 billion bank credit facility continue to go well. Our lead banks are supportive and, in fact, have committed about $450 million of new money to the deal, which means the Company only needs to raise about $300 million from other banks to reach the expected $5 billion level. Now lets look at this: 2.65 + 1.6 = 4.25 + .450 = 4.7 which leaves $300 million to work on. So the 5B included the 1.6 receivables program????? It was never presented this way, stock will be hammered big time if this is what they mean. I'm currently long and I don't like this one bit. The street is expecting the 1.6 bill account rec. to be separate from the 5 bill.

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