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

To: Richard Mazzarella who wrote (10772)	6/25/2002 10:32:15 AM
From: Thomas Walker	Read Replies (3) \| Respond to of 11568

I think you missed my point. The big guys are buying Worldcom bonds and shorting the stock. They are double dipping at the expense of common. If Worldcom did a buyback, the stock would soar. They could then sell it for profit when higher, or use it as collateral. Worldcom has enough cash for awhile, what they currently need is investor interest and create a posture of strength. Worldcom needs to think outside the box just like their enemies. I do get your point and agree that WCOM buying their stock could do it a world of good. But, that would be seen as wreckless use of cash by many (myself included). After all, the stock is not guaranteed to go up. It would essentially be WCOM gambling on its own future - remember that a lot of Ebbers problems came from buying WCOM stock. On another note, WCOM's battle with the banks is intriguing. I'm wondering (pure speculation here) if WCOM konws that its Q2 numbers will be good and know that this will help their position with the banks so aren't in as much of a hurry to finalize the deal. I think that the worse that things are for WCOM the more likely that they would take what the bank offers with whatever conditions attached. The better off they believe they are, the more that they play hardball.