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

To: Oeconomicus who wrote (9111)	2/5/2002 5:52:46 PM
From: mad dog from over there	Read Replies (1) \| Respond to of 11568

From WorldCom -Setting the Facts Straight As you read in Bernie Ebbers' e-mail message, the current state of the marketplace has created uncertainty for some investors, leaving them vulnerable to rumors that are impacting the market. While WorldCom typically doesn't comment on rumors there are some that just have to be addressed. A recent article, appearing on msnbc.com, speculates that WorldCom is on the road to bankruptcy and grossly misstates WorldCom's financial position. These claims set forth by an opinion from a single journalist paint a picture that is far from reality. WorldCom has $2.6 billion in cash, $8 billion in current assets, and $7 billion in bank liquidity or available credit. WorldCom also has $39 billion in property, plant, and equipment that was left out of the journalist's calculations, not to mention our solid customer base. As referenced in third quarter earnings filings, WorldCom expects to be cash flow positive in the first half of 2002, well before most of our competitors. And, it's worth noting that WorldCom's debt level is in line with our competitors. Once earnings have been released this Thursday, everyone will have more clarity on the rumors and speculation about WorldCom. In the meantime, it is important that we all stay focused on our priorities – serving our customers and driving the business. This message was sent to Global Accounts U.S., Corporate Accounts, Government Markets, Major and National Accounts, Emerging Markets, Global Accounts Asia-Pacific, Global Accounts Europe, EMEA, and General Audience