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Technology Stocks : WCOM

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To: JakeStraw who wrote (11459)9/11/2002 12:02:31 PM
From: Esoteric1  Read Replies (3) of 11568
 
From Yahoo Board
A little nugget from the Street.com
by: fred_labrador (55/M/elk river, mn) 09/11/02 10:12 am
Msg: 552608 of 552634

RealCommentary from TheStreet.com
Whiff of Fresh Cash Makes Telecom Smell Sweet
Wednesday September 11, 9:58 am ET

By James J. Cramer,

Beleaguered telecom investors, take heart. Buried in the Wall Street Journal story about how WorldCom's (Other OTC:WCOEQ.PK - News) former CEO John Sidgmore might have been too close to Bernie Ebbers -- being Bernie's number two and all ***** was a note about how a major institutional investor might invest between $2 billion and $5 billion in the company *******.

Wow! So there was a buyer. There was fresh capital. Who was it? Does he still exist? Will he now invest in Qwest (NYSE:Q - News), a stock I own and am thinking about buying more of this morning because of this blurb? Was it Warren Buffett, who seems very committed to Level 3 (NasdaqNM:LVLT - News)?
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