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

To: Charles Carson who wrote (10918)	6/27/2002 7:45:26 AM
From: John Curtis	Read Replies (1) \| Respond to of 11568

Charles, et.al.: Do you know why trading was halted? Per Bloomberg WCOM will begin trading again today under the symbol WCOME. Bloomberg says the Naz stresses this is not because they fear WCOM is in danger of BK, but because currently WCOM isn't in compliance with Naz reg's. Now let's see how it all plays out... John~

To: Charles Carson who wrote (10918)	6/27/2002 8:51:18 AM
From: Ed Zhao	Read Replies (1) \| Respond to of 11568

"Look, let's look forward! At least we can take come comfort that the restatement will not effect the cash flow. " You just don't get it. Instead of positive cash flow the public was led to believe, WCOM has had negative cash flow of over $2 billions per year. It will be very hard for WCOM to meet its upcoming debt obligations. That was the past. WorldCom is now cutting expenses, shedding unprofitable business, selling assets. It's not impossible for WCOM to pay the debts that's coming due. It can even sell MCI. Even if it will come out as a $15 billion business, but come out strong, it can still worth $45 billion, giving a stock price of about $5.