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To: George the Greek who wrote (11381)7/22/2002 8:35:58 PM
From: Oeconomicus  Read Replies (1) | Respond to of 11568
 
How can they opine on liquidation value when all the potential buyers are broke, too, and there's no market into which to sell the assets? Besides, like I said, liquidation value only becomes the proper valuation if you plan to liquidate or if liquidation value exceeds going concern value. Going concern value has nothing to do with what some vulture would bid at auction, but rather is based on the future cash flows of the business itself. I may be going out on a limb here (I say while rolling my eyes), but I'll guess that number exceeds $10-15B.



To: George the Greek who wrote (11381)7/23/2002 8:39:33 AM
From: paul t  Respond to of 11568
 
Bankruptcy coverage seems to indicate that company values its assets at $107B, analysts say value (presumably liquidation value in this horrendous environment) is only $10-15B. That's quite a gap.

IDT's already offered half of that, of course they want the heart and lungs.

BTW, anyone seen IDT's aggressive commercial on TV. Reminds me of MCI of old.