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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Mike Petriv who wrote (51486)	2/8/2000 7:37:00 AM
From: Dako	Read Replies (1) \| Respond to of 122087

Wow, MCLL topped expectations by only losing $46.2 million. It's obvious this turnaround is really cooking. This release is too much. They talk about generating free cash flow and paying down debt all the way to $778 million, but the entire amount of the paydown in the quarter came from the cash generated by the sale of a division. And in order to be "cash flow positive", it's obvious that they had to whack capital expenditures to a much lower level than the first three quarters of the year. Putting aside what this money bleeder is up against in trying to restart their company, these staggering losses might wake up a few of the turkeys who have bought this without the slightest idea as to why.