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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (67189)	5/14/2002 6:51:46 PM
From: limtex	Read Replies (1) \| Respond to of 99280

ZH - is this the catharsis that will allow a recovery in telco? Best, L

To: Zeev Hed who wrote (67189)	5/14/2002 6:59:46 PM
From: ajtj99	Read Replies (1) \| Respond to of 99280

Furthermore, when debt is re-negotiated and a firm's debt is Junk, there are often minimum enterprise value requirements that are inserted in addition to the usurious interest rates. Once WCOM dropped below $10, it was only a matter of time. Lucky WCOM has a high market cap. That might keep them from being de-listed when they drop below $1.00 I don't think they have to worry about a reverse split, because I think they are going to file for Chapter 11 before that will happen. I'm tempted to start referring to WCOM as Verizon Jr. from now on, as they will be part of Verizon. I just don't know who will get Digex or UUNet. UUnet will probably be auctioned off, and maybe IBM will want Digex for a cheap price.