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To: GST who wrote (141231)	4/2/2002 12:00:05 PM
From: H James Morris	Read Replies (2) \| Respond to of 164684

>> Smaller companies such as XO Communications -- on which Seattle-area billionaire Craig McCaw lost nearly all of his estimated $5 billion investment << I've know McCaw for years. At one point he was my largest customer. He was and still is a risk taker/ visionary, but he is honest. Ps >>That's encouraging news for all those telecom visionaries who, like McCaw, have watched the value of their investments shrivel over the past two years. It may turn out that McCaw's original vision was correct and that XO one day will be a big moneymaker. If that pans out, it will be the vultures, not the visionaries, who reap the profits. That's the way it often works on Wall Street.<< forbes.com