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

To: Softechie who wrote (1097)	12/4/2001 8:56:44 AM
From: BWAC	Read Replies (1) \| Respond to of 1418

Yeah you would theoretically come up with around 2 Billion shares, but I'd bet they will do some sort of reverse split. On this Directory. Yes it is about $300 Million in revenue and some profit leaving. Also about $250 Million in cost leaving from this unit at least. Then you get to the $300 Million interest savings. It is not impossible that MCLD will be a cash flow positive company when they come out of this recap. Eliminate interest and their operating loss last quarter would be essentially as a result of Depreciation.