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Technology Stocks : Genuity, Inc. (GENU)
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To: Ms. Baby Boomer who wrote (372)7/25/2002 12:52:05 PM
From: Kent Rattey  Read Replies (1) of 456
 
The weak hands aren't stupid:

"Verizon's decision resulted in a default under Genuity's credit facility with Verizon and its credit facility with a consortium of banks. Genuity indicated it is in discussions with the banks and Verizon to review the impact of these events on the agreements."
Source: Genuity

I would get out too, if I were one of the unfortunate bagholders.
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