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

To: Rock_nj who wrote (10481)	6/5/2002 7:35:32 PM
From: tejek	Read Replies (2) \| Respond to of 11568

A WorldCom spokesman said the company plans "to align costs with revenue," but the timing and scope of any job cuts had not been determined. The company earlier this year said it would cut about 3,700 jobs, or 4 percent of its work force. It currently has about 80,000 employees. The inconsistencies in these articles are amazing. The other article said current WCOM employment was 98k. And none say the cut of 16k employees is hearsay rather than fact. WCOM has yet to make an announcement since Sigmore took over re job cuts overall. ted

To: Rock_nj who wrote (10481)	6/6/2002 11:49:45 AM
From: telecomguy	Read Replies (2) \| Respond to of 11568

How do you lose money RESELLING??? This is very strange. If Wcom doesn't have the cellular network infrastructure costs, this division should be spinning free cashflow assuming that they already made the investment in the past to ACQUIRE the customer base. Either Wcom was managing their wireless resell operation quite badly or they are not disclosing the pro forma financials of this division which may well be generating cash. (Wcom may not want to admit that wireless is generating free cashflow because that would tip off the market that they are desperate to raise capital to pay off the loans even at the expense of reducing their money making resell operation....).