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Technology Stocks : WCOM
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To: Esoteric1 who wrote (11460)9/11/2002 12:28:01 PM
From: Oeconomicus   of 11568
 
Cramer refers to comments made by director Bobbit at a meeting where he, Kellet and another director were arguing that Sidgemore should step down. He made claims that Sidgemore turned down offers and spurned advances from investors and banks, including the "$2-5 billion" offer, which was supposedly made in May. That was a month after he took over and a month before the company disclosed the bogus accounting. Does Bobbit expect us to believe that Sidgemore could have closed a deal with that alleged investor without the bogus accounting killing the deal? Does he think that Sidgemore should have tried to close the deal in spite of the accounting questions? Does he think Sidgemore should have wanted to become roommates with Sullivan at Club Fed? Sounds like sour grapes from the Friends of Bernie on the BoD.
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