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Technology Stocks : WCOM -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (8773)	6/16/2001 10:21:45 PM
From: jackrabbit	Read Replies (1) \| Respond to of 11568

It just seems crazy that they would set the dividend at a level that can't be sustained for at least the near future. Of course management and Wall Street have not been been able to predict the last 2 years in this business, so I may be placing too much faith in their ability to predict the next 2. I agree with your trading idea. Buy when the dividend is 14% or so and then sell when it gets down to 10% (by price appreciation -- not by dividend cuts). If you collect a couple dividends along the way, so much the better. If MCIT is going to die as you envision, would it not have made more sense for WCOM to spin it off rather than doing the tracking stock? I heard the head guy for MCIT on CNBC -- he seemed pretty optimistic about their local phone business. I don't know if that will be able to sustain them. Regards, jackrabbit

To: Jacob Snyder who wrote (8773)	6/16/2001 11:17:59 PM
From: M. Murray	Read Replies (2) \| Respond to of 11568

Jacob, It hurts to lose money on a stock BUT your opinion seems somewhat jaded. Putting aside all of your astute analysis I doubt that WCOM would have pulled off the bond offering that they did if the street didn't have faith. It was oversubscribed by BILLIONS....Restructuring is painful for some investors but WCOM is moving in the right direction. I suppose CSCO investors have the same harsh words for Chambers but CSCO will rebound as will WCOM....JMHO of course...