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Technology Stocks : WCOM -- Ignore unavailable to you. Want to Upgrade?


To: MJ who wrote (8998)2/4/2002 8:26:34 AM
From: Joel Patterson  Respond to of 11568
 
F*uckedCompany has an internal memo sent to WCOM employees concerning the stock price and overall situation.

fuckedcompany.com

I own no WCOM stock, but I'm considering it.....



To: MJ who wrote (8998)2/4/2002 9:05:39 AM
From: c.hinton  Read Replies (1) | Respond to of 11568
 
Cynically speaking it would be a smart move,maybe not now,but perhaps in the not so distant future.Many telecoms have bonds that require higher interest payments in the case of a down grade in ratings.This naturally affects the bottom line and can lead to further downgrades and further interest payment increases and so on and so on....Eliminate the debt through bank ruptcy and reorganiation and you eliminate the problem,at the cost to the share holders,but who cares about them.
I do not know the specific contract requirements of wcom debt.



To: MJ who wrote (8998)2/4/2002 11:27:54 AM
From: SofaSpud  Read Replies (2) | Respond to of 11568
 
I sure wish I knew. I can see them getting by, all other things equal, but the idea of WCOM having to compete with others who, through bankruptcy or by buying the assets of the bankrupt, are essentially debt-free -- that scares me. I have a Merrill report from Jan. 30 that, unfortunately, doesn't mention that issue.

From what I know of Global Crossing, it's assets don't seem like a direct threat. But if a direct competitor were to go down ....