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

To: c.hinton who wrote (10200)	5/16/2002 11:45:13 AM
From: Elmer	Respond to of 11568

<investing is not an easy game in a bear market,todays projections are not tommorrows facts,look at the US buget for an example.> When has that ever not been the case. You get rewarded when you are right. Let the force be with us :-))

To: c.hinton who wrote (10200)	5/16/2002 12:29:40 PM
From: BEEF JERKEY	Read Replies (3) \| Respond to of 11568

Pension Plan is one thing I didn't think of I've now read quite a bit about WCOM and never heard it mentioned as an issue - don't mean it isn't one. As for the SEC inquiry - it sure seems that the worst possible news is already priced into the stock. Other companies have had "issues" and had to restate earnings but lost 50 - 60% market cap and recovered a large chunk of that. SEC is looking into the famous Eber's loan. Bad move on the BOD part, really bad move on Ebers part. Why didn't he just get off margin when it was first called? If he pays back a chuck of that 300 m then it begins to become less of an issue - just a past stupid move. As for the SEC looking into aquesitions. "If" we can believe the company they already passed everything they did by the SEC as they did it. There is wiggle room re: accounting so to get a negative judment WCOM has to be obviously fraudulent as was the case with ENE. It is here that I think things are overblown. What ENE did was way on the bad side of vile. WCOM just seems to be getting sucked into the vortex created. Anyway - I like the risk reward here. All investment carries risk so I havn't bet the farm. But if you clearly look at WCOM it poses far less risk than half the crap out there. My view is BK isn't an immediate issue and it's been way overblown. I mean look at MU. How the hell is that stock above $20? How bout BRCM? Oh Oh - just read on the Yhoo message board that O.J. Simpson has been signed to do ads for MCI. Maybe I'd better sell both my shares after all.

To: c.hinton who wrote (10200)	5/16/2002 2:30:10 PM
From: Oeconomicus	Read Replies (1) \| Respond to of 11568

has anybody examined its pension liabilities and projected earnings of its pension plans? you guys have to dig deep into wcom books. if you were really interested in the answer rather than just trying to ring another alarm bell, you'd find that you do not, in fact "have to dig deep into WCOM books" to find it. it's in the footnotes to the financial statements (page F-32 of the 10-k, note 11) just as it is for every public company with a defined benefit plan. BTW, it's not an issue - for various reasons.