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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: Win-Lose-Draw who wrote (96736)7/21/2002 7:01:00 PM
From: Smart_Money  Respond to of 99280
 
KM prime example. But you know WCOM still has a market cap of 266 million. That for me is unbelieveable..
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quote

Now, everyone connected to WorldCom — competitors, employees and suppliers — is waiting for the pain to affect them.

"This isn't going to be a ripple on a pond. It's a tidal wave from a boulder," said Jeff Kagan, a private telecom analyst in Atlanta.

For suppliers and creditors, it's the possibility that WorldCom's debts might be wiped away by a bankruptcy judge.

For competitors, it's the pain of losing investors fleeing all things telecom.