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Technology Stocks : WCOM
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To: Oeconomicus who wrote (10679)6/18/2002 10:35:23 AM
From: pogbull  Read Replies (1) of 11568
 
Thanks for taking the time to post that.
However, I am now of the belief that they've actually been turned down for the 5 Billion and are now looking for 3.4 Billion instead and are covering this up by counting the 1.6 Billion accounts receivable money with the 3.4 to arrive at 5 Billion.
The press release supports this theory. A second supporting piece is that a week or so ago they stated that they were getting the funds from additional banks. This leads me to believe that their banks are working with them to some degree but are not willing to offer all that WCOM need in order to please the street. Thus in an effort to spread the risk more banks were brought in. Thoughts???
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