Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: BEEF JERKEY who wrote (10473)	6/5/2002 3:10:23 PM
From: Rock_nj	Respond to of 11568

This story looks very positive for WCOM's survival: NEW YORK, June 5, 2002 (PRIMEZONE) -- The recent rumors swirling around beleaguered WorldCom (Nasdaq:WCOM - news) that it is teetering near bankruptcy just might be premature, according to a recent study conducted by StockDiagnostics.com, which has examined the pre-bankruptcy financial statements of bankrupt public companies. StockDiagnostics.com, a company that has developed a proprietary software that tracks non-financial public companies' OPS (Operational-cashflow Per Share) based on the public filings of those companies, recently completed a research study on 75 public companies, including Enron and Polaroid, that filed for bankruptcy between 1999 and 2002. The purpose of the study was to determine the efficacy of OPS as a predictor of a public company's deteriorating financial health. For inclusion in the study a public company had to file financial statements with the SEC for at least 10 quarters before filing for bankruptcy. A maximum of 20 quarters were looked at in the study if data was available. A total of only 75 companies out of 7,342 public companies met this requirement. The study found that 69 out of 75 companies reported at least two or more quarters of negative OPS in the 10 quarters prior to their bankruptcies. The remaining six companies each reported one quarter of negative OPS in the prior 10 quarters.