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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: stan_hughes who wrote (61815)	6/17/2002 2:51:10 AM
From: Louis V. Lambrecht	Read Replies (1) \| Respond to of 100058

stan - Unions get grumpy when their members don't get paid But EU cos. can't have a liberal outcome as a Chap 11: no creditors protections here: pay or get busted! Unions are lobbying within the EU impeach companies to close their books without a proper job replacement plan. Funny. As, as soon as a company would discuss a job replacement plan, that company would be suspect to any creditor. And as any creditor may ask for a company to be said bankrupt when this creditor suspects the company to be insolvent... So, no job replacement plan and negociate further day to day credits with the banks as long as a buy-out can be expected. But as they are four major fiber carriers, you can expect KPNQwest to be bought for one symbolic Euro. <g> TECHNOLOGY ALERT from The Wall Street Journal June 16, 2002 Qwest CEO Joseph Nacchio resigned at the request of the board, which had become increasingly frustrated with a slew of financial and regulatory troubles besetting the telecommunications company. For more information, see: online.wsj.com