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

To: Charles Tutt who wrote (11229)	7/9/2002 2:59:45 PM
From: DEER HUNTER	Read Replies (1) \| Respond to of 11568

News ragingbull.lycos.com 07/09 14:18 WorldCom CEO Expects at Least 2 Finance Proposals This Week By Jonathan Cox Clinton, Mississippi, July 9 (Bloomberg) -- WorldCom Inc. is in talks with J.P. Morgan Chase & Co., Citigroup Inc., Bank of America Corp. and two ``non-traditional'' groups to get $3 billion in financing and will likely get two proposals this week, Chief Executive John Sidgmore said. One bank is ``very, very seriously'' interested and will submit a written plan as will one non-bank lender, Sidgmore said in an interview. Another bank is ``highly interested'' and a proposal is expected, he said. He didn't know when. He declined to give further details on the talks. WorldCom has disclosed it hid $3.9 billion in expenses for five quarters. It is trimming 17,000 jobs and looking to sell assets in Latin America and Japan. ``We'll have sort of a range of choices from traditional bank financing to something a little bit more exotic,'' Sidgmore said in the interview. ``At this point in time, our primary issue is to get a hold of something on the order of $3 billion, which will bring us into the safety zone and allow us then to eventually create our own capital, our own profits, to fuel this cash requirement.''

To: Charles Tutt who wrote (11229)	7/9/2002 3:08:57 PM
From: DEER HUNTER	Respond to of 11568

Bloomberg link...... quote.bloomberg.com

To: Charles Tutt who wrote (11229)	7/13/2002 2:09:19 PM
From: VFD	Read Replies (1) \| Respond to of 11568

**OT** <<Yeah, the President is a real hand-wringer. People do get convicted.>> So how come the Clintons didn't. By the way in a recent poll, most (51%) Americans put the blame on Clinton for the flurry of accounting problems not on the republicans. I guess people are too stupid tp know better. Wee need the liberals to enlighten us. Don't forget WCOM, GBLX ENE etc. prosperred in the 90's. What we are seeing now is the result of so much prosperity.