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To: Softechie who wrote (1343)	5/20/2001 7:57:10 AM
From: Jimbobwae	Respond to of 2155

SLOWDOWN: The Aftermath of Washington's Tech Boom Signs of Resilience Appear Amid Region's Wreckage 'Old' Tech Sector Provides Relief From the Downturn Buzz on XO from the Washington Post: washingtonpost.com All eyes now are on XO Communications of Reston, founded by cellular phone billionaire Craig McCaw in 1994. XO still has $3 billion in cash to finance its continuing expansion and operating losses. With interest payments on its $7 billion in debt set to balloon within several years, XO already had canceled plans to build a 21-city network in Europe. "Hey, a year ago people were saying Teligent, XO and PSINet could turn out to be the AT&Ts of the next century," said April Young, a senior vice president of Imperial bank and former development director for Fairfax County. "Now people are wondering if they can make it to 2002." The view is that Tech will emerge stronger from the bubble. Hopefully XOXO makes it through the eye of the needle. Jim