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Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?

To: Augustus Gloop who wrote (5568)6/25/2002 9:40:04 PM
From: Augustus Gloop  Read Replies (1) | Respond to of 17639
 
Everyone knew this was coming too

Adelphia is filing for Chapter 11

Financing to keep cable company operable

By Deborah Solomon
THE WALL STREET JOURNAL

NEW YORK, June 25 — Adelphia Communications Corp. is in the process of filing for bankruptcy court protection in New York, according to people familiar with situation. The company has secured $1.5 billion in debtor-in-possession financing.



To: Augustus Gloop who wrote (5568)6/25/2002 10:06:05 PM
From: Jorj X Mckie  Read Replies (1) | Respond to of 17639
 
At some point, people are going to say "I don't want to know, just sweep it under the rug, cuz I am going to go broke if they expose anymore fraud that further erodes investor confidence".

My opinion, best to rid the system of the cancer so that it doesn't sprout up again. But I am short, so it is easy for me to say.


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