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Technology Stocks : Cincinnati Bell, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: james-rockford who wrote (73)	10/23/2001 1:51:16 PM
From: Carey Thompson	Respond to of 86

Sorry its taken so long to respond to your thoughts, but I have been busy with work, family, youth football, yard work, etc. On Oct 16, 2001 Rcik Ellenberger, CEO, announces 3q2001 earnings and states "at the end of 3q2001 BRW recognized a softening across our business, particularly broadband business, that will make the remainder of the year challenging". Stocks sells off dramatically. The cash flow of $115.5 million defined as(net income + depreciation and amortization) remains positive, but investors are weary of BRW's kitchen sink accounting where BRW writes off everything it should have written off in the year's prior quarters. See 4q2000 for an example of this type of accounting. BRW remains a profitable local telephone company, Cincinnati Bell, connected to a money snatching sponge or the broadband services unit. I do not know how this combination will shake out, but I can reasonably state that BRW will be a survivor that will survive the current recession. Also, BRW will survive the glut of overcapacity in broadband because its Cincinnati area telephone customers will use its broadband for long distance, data, internet, etc. My guess is even with this captive audience broadband may remain unprofitable into the foreseeable future.

To: james-rockford who wrote (73)	5/21/2002 11:22:06 AM
From: james-rockford	Read Replies (1) \| Respond to of 86

Down 45%, welcome to the telecom party Broadwing. Their lack of cash (as I noted in my post from OCT.) has come back to bite 'em in the ass. From Briefing: 9:43AM Broadwing under pressure again (BRW) 5.28: Stock indicated to open lower; hit new 52-week low yesterday after Kaufman placed fair value at $3; likely to be hit again today by cautious comments from Morgan Stanley regarding company's liquidity and debt position, and rumors of accounting issues - such rumors are hardly surprising given accounting issues at other telecom firms.