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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 173.96+1.4%Nov 11 3:59 PM EST
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To: Art Bechhoefer who wrote (129232)5/23/2003 8:02:59 PM
From: verdad  Read Replies (1) of 152472
 
"...it faced cash flow shortages because of fraud by resellers"

Art, with or without this alleged fraud, LWIN was dead on arrival. Too much debt, not enough cash flow (even if everyone paid double). Having said that, there are more than a few people from the LWIN/QCOM camp associated with this deal that are arguably no better than ENRON or WCOM folks--derivatives are probably a safer bet than what LWIN tried to pull off. They're lucky not to see jail time. By the way, it's strange that a company as large as LWIN/QCOM can't prosecute 'widespread fraud'. jmho.
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