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Technology Stocks : WCOM
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To: Oeconomicus who wrote (11339)7/19/2002 2:01:32 PM
From: paul t  Read Replies (1) of 11568
 
Ay carumba...

WorldCom currently has between $600 million and $700 million in cash, but roughly $250 million of that is controlled by its overseas operations, which aren't expected to file for Chapter 11 protection, a person familiar with the matter said. The remainder is being burned up not only by the cost of operations but by WorldCom's panicked vendors who are now demanding up-front payments.

"We have money to last four or five days," said one person familiar with the matter, "and that's it."

story.news.yahoo.com
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