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

To: Oeconomicus who wrote (10769)	6/24/2002 5:25:53 PM
From: Thomas Walker	Read Replies (1) \| Respond to of 11568

It looks like WCOM will be in rough water until Q2 numbers come out. They must then show the cash flow that's been predicted (at least $250m and closer to $500m would be better with the capex cuts and other cutbacks). Then, maybe WCOM will they get a break. WCOM's numbers from Q1 are too far in the past for people to consider right now. Once Q2 numbers are out, everybody will rethink their positions on WCOM's future. Granted the result of that rethink could be either good or bad, depending on the quarterly results and the comments that WCOM makes around it. If they're good, then WCOM will buy some time. If not, watch out. I also agree that WCOM would never draw down the bank line and buy shares of stock. Their main focus is to increase cash available. Buying their shares would not do that. I'm in a bunch at $1.20 and am holding tight - for now, at least.