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

To: P.M.Freedman who wrote (10286)5/20/2002 7:44:59 AM
From: Oeconomicus  Read Replies (1) | Respond to of 11568
 
And, according to CNBC, it's trading at $1.60 in Europe as a result.



To: P.M.Freedman who wrote (10286)5/20/2002 8:03:26 AM
From: HH  Respond to of 11568
 
Wcom re-upped its receivable financing for 1.5 vs
the 2 billion they had. sounds like a loss of .5 WorkCapital.
I guess its re-assuring , non the less, that WCOM
gets this credit. Unfortunately,IMO, doesnt
mean much as receivable financing is pretty
isolated form of financing and offers very limited risk
to the lender. Also, that its been reduced
can only mean the level and quality of receivables
isn't rising.

HH



To: P.M.Freedman who wrote (10286)5/20/2002 10:23:34 AM
From: tejek  Respond to of 11568
 
WorldCom has completed work on a revised $1.5 billion financing agreement that will provide the struggling telecommunications company with additional liquidity while it negotiates a larger credit pact, the Financial Times said in a report on Sunday.


Given the way WCOM is trading up on a down day, the markets like the news.

ted


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