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Technology Stocks : McLeod, Inc. (MCLD) ---- IPO -- Ignore unavailable to you. Want to Upgrade?

To: StormRider who wrote (1089)	12/3/2001 11:38:18 PM
From: Softechie	Respond to of 1418

I'm just gonna let XO fend for themselves but McLeod's debtholders just agreed to the restructuring plan which is good. Damn Teddy just pulled another good company for cheap! BK is out of the question now. Growth has to be there for investors to come back and bid it up. Otherwise it may just trading around $1's.

To: StormRider who wrote (1089)	12/4/2001 2:14:10 AM
From: Ashley800	Read Replies (1) \| Respond to of 1418

This one isn't as bad as XOXO, but I don't know how good it is either. A lot of dilution and the removal of the 300 mil in interest expense is a wash because they will be losing the 300 million in revenue from the directory that they sold. <<The plan, which is subject to agreement with the McLeodUSA bondholders and other security holders, would eliminate at least 95 percent of the Company's $2.9 billion of bond debt and the associated $300 million of annual interest expense. >> So we get diluted by 70% to remove bankruptcy as a possibility and to clear out the bondholders. We pick up about 75 million left over from FL. Might of picked the wrong day to buy back in at .52 (a full position at that). I'm going to look at the numbers real quick and venture a guess what a share is worth of the new and improved(?) Mcld.