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To: LLCF who wrote (25995)10/18/2000 3:19:52 PM
From: michel ciambra  Read Replies (2) | Respond to of 27307
 
Nonsense! Im not taking this personally. But you do not know what you are talking about:
1. France Telecom is 1/2 state owned BUT not govt guaranteed therefore your arguement is wrong. The market prices this debt on the basis of its potential to repay. Since it is not govt backed, it doies mot get preferential treatment.
2.Even those fast growing tecxh companies like ORCL etc (and particularly Xerox)will have credit crunches. Thats what i am saying. I define these stocks as CRAP. That does not about face on my LIBOR arguement at all. Clearly though you think it does.
3. Im not fighting you here. These are my views. My approach is maybe not the most polite, but you need to take time and listen. I suspect you do not like to do that.