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To: 2MAR$ who wrote (62427)	7/26/2002 8:47:59 AM
From: Bob Biersack	Respond to of 208838

**VZ>>7:54AM Verizon may take a large write-off if Genuity goes under-- WSJ (VZ) 27.60: The Wall Street Journal reports that GENU is in default on a $2 bln line of credit and a $1.15 bln loan from VZ, after the latter relinquished its right to take a controlling stake in GENU; a CSFB analyst believes VZ is likely to take a $2.4 bln charge to Q2-Q3 earnings as it writes off the loan and the value of its stake in GENU, which may go bankrupt.