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

To: BWAC who wrote (10179)	5/16/2002 9:51:32 AM
From: c.hinton	Read Replies (1) \| Respond to of 11568

yes,its always somebody elses fault.

To: BWAC who wrote (10179)	5/16/2002 9:58:30 AM
From: Thomas Walker	Respond to of 11568

Not to mention some of those loans will simply be rolled over. That's a very good point which most people seem to be missing (myself included up until a few minutes ago). When the debt matures, if WCOM either has the cash or has lines of credit that could cover it, it shouldn't be too hard to just issue new bonds. They couldn't do it right now, but the debt that people are concerned about isn't maturing this week or this quarter. By then, the company may look rather different - better cash flow, less debt (once they retire some and sell some assets, that is) - and the credit market may look different itself. Issuing debt is incredibly hard now for most any company. That will change at some point. I would hope that they would retire a good portion (75% or more) of the debt that comes due over the next 3 years, but to keep some of their cash on hand would be a good thing, too. Hopefully, when they announce the restructuring, they will speak of how much debt that they intend to keep and it will get it under $20b (if not $15) within 3-4 years.