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

To: M. Murray who wrote (8776)	6/16/2001 11:36:17 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 11568

Oh, I don't think WCOM will default on its debt. Lots of other telcos will, though. Yes, my opinion is probably colored by what happened to me last year. What direction do you think WCOM is moving in? Do you think WCOM is a growth stock? If so, how will they fund their capital budget? More debt?

To: M. Murray who wrote (8776)	6/18/2001 12:06:35 AM
From: MJ	Respond to of 11568

Financing with bonds makes sense when going to the market when new stock offerings are not a viable choice. Historically, MCIC was financed many times with debt before it merged with WCOM. If there is a corporate memory, then perhaps Ebbers et al are using a similar strategy. For an investor, not comfortable with buying stocks at this time----the option of high yielding bonds can be attractive. Does anyone know whether or not any of these bonds have a convertible provision to stock? mj