Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Softechie who wrote (30535)	7/10/2001 11:44:22 PM
From: $Mogul	Read Replies (1) \| Respond to of 37746

CNC...ahh think u have the wrong person..never mentioned CNC... you are dearly wrong and as far ad your XOXO spam..u wil be wrong again ... Company has $6.4 billion in debt, throw away the meaningless goodwill, the stock has a negative book value. For every dollar it brings in, 50 cents goes right out the window to pay interest on its debts. It will never make a dime. It is expected to lose $2 billion this year, another $2 billion next year. Where's it gonna get the money? XOXO makes COVD look like a real blue chip stock. XOXO is a short to zero, very little doubt in my mind. One only needs to look at its ugly balance sheet and the projected losses over the next few quarters. And if that's not convincing, then look at XOXO's cousins: 1. WCII, 52-wk high $46, now $0. 2. TGNT, 52-wk high $40, today 39 cents. 3. PSIX, high $60, now $0. 4. COVD, high $60, delisted today, $1.1 a share and going to $0. 5. XOXO, high $47, today $2, and going to $0.

To: Softechie who wrote (30535)	7/11/2001 1:28:51 AM
From: Teri Garner	Respond to of 37746

US corporate debt defaults heading for record high By Robert Clow and Andrew Hill in New York Published: July 10 2001 20:07GMT \| Last Updated: July 11 2001 02:23GMT US companies defaulted on $53.8bn of corporate debt in the first six months of this year, according to Moody's Investors Service, the credit rating agency, causing misery for many but providing a record windfall for restructuring experts. At this rate, outstanding defaulted US corporate debt is likely to end this year higher than last year's record $131.8bn. Bankruptcy experts predict defaults could continue to rise in 2002 and 2003. news.ft.com