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Technology Stocks : WCOM
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To: Ed Zhao who wrote (10888)6/26/2002 7:08:08 PM
From: Charles Carson  Read Replies (2) of 11568
 
"Look, let's look forward!
At least we can take come comfort that the restatement will not effect the cash flow. "

You just don't get it. Instead of positive cash flow the public was led to believe, WCOM has had negative cash flow of over $2 billions per year. It will be very hard for WCOM to meet its upcoming debt obligations. Bankrupcy seems to be the only option.

Do you know why trading was halted?? What's a share's worth for a bankrupt company??

It's very tough to see so many decent and hard working people, investors and employees alike, got screwed by some acquitition maniacs who understands nothing about technology. Nor do they understand ethics or accounting apparently.
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