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To: patron_anejo_por_favor who wrote (12595)	8/22/2000 12:52:58 AM
From: Ken98	Respond to of 436258

And don't forget that most of those CLECs also have inter-locking agreements among themselves where they have traded fiber capacity like so many of those Pokemon cards. If you want to see a really tortured balance sheet look at this: biz.yahoo.com They owe Level 3 a few HUNDRED million for fiber trunks alone. $10B+ cap with $30B+ in debt, negative book value and a negative $281M EBITA. Fortunately for Craig though he has reached that state of debtor Nirvana where he has borrowed SO much money the creditors really can't do much to him - he now "owns the bank" as they used to say in the Texas S&L days. And if they can dodge the debt bullet they have some interesting technology and business model.