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To: JSB who wrote (28253)	11/29/2001 8:30:55 AM
From: Dale Baker	Respond to of 118717

A loser in the Telecoms Survivor game - and I have seen XOXO recommended by more than a few "experts" lately. Gotta do your homework: 07:09 ET XO Comms (XOXO) 1.03: -- Update -- Also announced today that as required by the terms of the new investment and as a part of the financial restructuring it will not make scheduled interest and dividend payments on its unsecured notes or preferred equity securities after November 30. 07:07 ET XO Comms (XOXO) 1.03: -- Update -- Company expects current holders of its equity securities to lose substantially all of the value of their investment as a result of the restructuring 07:04 ET XO Comms (XOXO) 1.03: -- Update -- The investment is contingent on XO successfully completing a restructuring of its existing balance sheet and upon receipt of regulatory approvals. 07:01 ET XO Comms (XOXO) 1.03: Company's board of directors approves a preliminary agreement with Forstmann Little and Telefonos de Mexico pursuant to which XO will receive an investment of $400 mln from each company, or a total of $800 mln, in exchange for new equity in the company.