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To: pater tenebrarum who wrote (74301)	3/4/2001 10:12:53 AM
From: geewiz	Read Replies (2) \| Respond to of 436258

Heinz, the bankrupcy potential evidence is ominous, even at this early stage of the cycle; March 4, 2001 New York Times The Deeper Dangers of Corporate Bankruptcy By JONATHAN D. GLATER O minous increases in commercial debts, defaults and delinquencies are signaling that a new wave of bankruptcies is approaching. But many vulnerable companies may be less prepared to withstand the pain than those at risk during the last wave, a decade ago. Back then, the overwhelming challenge faced by corporate America was the debt itself: companies were making money, but not enough to pay creditors. Fixing corporate balance sheets by rescheduling loan payments and converting debt to equity went a long way toward solving problems. Those solutions alone will not work this time, say bankruptcy and debt restructuring experts. While many struggling companies are carrying too much debt, the more difficult problems are their weak, often unprofitable businesses. Many companies today have assets that are hard to value and sell. They lack revenue to finance even rescheduled debt payments because their business plans assumed market demand that does not exist. As a result, bankruptcy lawyers must delve deeply into poorly planned businesses to decide whether they are even worth saving. nytimes.com Which of the Telco's are weakest? Worldcom did the bankrupcy routine once already. There are certain to be opportunities for anyone left with funds! thanks for your comments, art