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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (16672)	4/17/2001 9:39:31 PM
From: Softechie	Respond to of 37746

DJ XO Down -3: Analyst Sees Cutbacks To Conserve Capital 17 Apr 16:10 Banc of America Securities LLC analyst Trent Spiridellis believes the company will revise its business plan in the near future, cutting spending to extend its available funding into 2003. Spiridellis said the scale-back could be accompanied by downward revisions to XO's financial guidance, as the company walks a fine line between hurting performance and conserving capital. XO spokesman Wolfenbarger merely noted that the company continues to look at alternatives, and that it expects to post quarterly results April 26. Following several successful quarters using a new business plan, Spiridellis believes sources of capital would indeed materialize for XO. The company is a "solid long-term performer," and likely to prove a survivor in the troubled sector, Spiridellis said. XO, of Reston, Va., offers fiber optic and broadband wireless communications services. -By John Seward, Dow Jones Newswires; 201-938-5400 (END) DOW JONES NEWS 04-17-01 04:10 PM