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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: lindend who wrote (6230)	1/25/2000 12:55:00 AM
From: Steve Patterson	Respond to of 10293

"BTW, why did Worldcom get involved with these guys? They've poured 10's of millions into ABTE with no return that I can see." Given my limited understanding of the issue, this is a possibility: ABTE does the actual grunt work of laying cable, among other things. WCOM knows this is a highly competitive money-loser so they put in just enough money to keep ABTE alive while it digs itself a deep financial hole. When it collapses into bankruptcy WCOM, being a big creditor and part owner, get ABTE's physical infrastructure in repayment. If they did this right they could come out ahead. They could even be cooperating with ABTE management, who could be well-paid captains of a plane they all know is crashing. But that's why executives have golden parachutes. Or WCOM could have just made a bad move. Enough raw speculation for one day... Can anyone advise on the real value of ABTE's infrastructure?