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Technology Stocks : The *NEW* Frank Coluccio Technology Forum -- Ignore unavailable to you. Want to Upgrade?

To: Frank A. Coluccio who wrote (5179)	3/10/2002 6:11:51 PM
From: ftth	Read Replies (1) \| Respond to of 46821

Yep, it would be a little hard for Mr Verizon to cut 10,000 jobs AFTER issuing a press release about how their wonderful lobbiests just got a bill through that will create all these jobs for others. They apparently think 3 days before is an eternity. Things must be pretty troubled at Verizon too. Considering the margin that bill passed by, they probably knew way in advance it would pass. You don't generally cut another 4% of your workforce (making about 40,000 jobs including last year's cuts) if you are planning on the growth and prosperity their statements about the passage of that bill indicate. Cook and Googin will have a field day disecting this coming quarter's 10Q's, trying to find where they hid the troubles. RBOCs seem obsessed with getting everyone to believe they will be investing big in the future (even though the facts argue otherwise), and getting regulations that appear to enable this. Maybe they plan to bury their troubles in an accounting bin they call investments, since they don't have to break its contents out and everyone is expecting it to be large? Maybe Cook should engage Howard Schilit, the king of uncovering financial shenanigans fei.org schilit.com