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Technology Stocks : WCOM
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To: Paul Berggren who started this subject6/25/2002 12:07:19 AM
From: JOHN A.  Read Replies (2) of 11568
 
research team slaps Grubman with after note, sit down, shut up.
The note also cautioned that Mr Grubman's concerns about a possible WorldCom recapitalisation did not imply that the company would be forced to file for Chapter 11 bankruptcy protection.
Bondholders should not be alarmed by Grubman's characterisation on the state of WorldCom's bank negotiations," the note said. "[The state of the negotiations] is known by bondholders who have been following the negotiations closely. Nothing has changed."
news.ft.com
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