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

To: paul t who wrote (10128)	5/15/2002 1:20:01 PM
From: Softechie	Respond to of 11568

**WCOM WorldCom credit concerns (1.19 -0.05) We are hearing rumors that WCOM has not been able to access their bank loans and are drawing down their bank credit line instead; however, Lehman makes the case that mgmt should be able to stabilize their credit deterioration and could ease near-term liquidity concerns with over $6 bln of liquidity available through 2006, and could create further comfort level in its positive free cash flow forecasts based on over $1 bln in expenditure reductions; if correct, firm believes that the mkt should gain confidence that WCOM will not have to file for Chapter 11 in the next 12-24 months.

To: paul t who wrote (10128)	5/15/2002 1:26:51 PM
From: BEEF JERKEY	Read Replies (2) \| Respond to of 11568

Rumors being floated 12:56AM WorldCom credit concerns (WCOM) 1.19 -0.05: We are hearing rumors that WCOM has not been able to access their bank loans and are drawing down their bank credit line instead; however, Lehman makes the case that mgmt should be able to stabilize their credit deterioration and could ease near-term liquidity concerns (based on the outcomes of their bank negotiations and strategic review), and could create further comfort level in its positive free cash flow forecasts based on over $1 bln in expenditure reductions; if correct, firm believes that the mkt should gain confidence that WCOM will not have to file for Chapter 11 in the next 12-24 months" As far as I can see this sure looks like the type of thing would would see when accumulation is going on. Just heard someone on CNBS say "all is hinging on WCOM renegotiating their credit line". Sentiment will turned on a dime "as overblown situation" as soon as big money has covered and got long. 40% of float last 2 days - can't be too many fools left out there now. A change in sentiment could run WCOM to $5 by June and to $10 by fall if S&P admits it made a mistake.