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

To: sharesighted who wrote (11484)	1/9/2003 12:38:25 PM
From: sharesighted	Respond to of 11568

Worldcom paying off Bond Debt?? According to Nov/22/2002 calculations, the Total Worldcom Bond Debt was $30.735 Billion. As of Jan/09/2003 a re-calculation indicates the Total Bond Debt is DOWN to $27.684 Billion. Worldcom has actually been able to retire $3.051 Billion in debt, probably at market prices of 26 to 46 cents on the dollar. Why would they pay any debt if a swap for equity were to take place? Unless they are buying debt that stands in the way of their re-org. I believe that the re-org is primarily bond maturity extensions. I will detail this in the next post....... This would save about $23.75 Million in interest payments per month. This could drop them down to $168 Million in original bond interest payments per month. This is looking better all the time! This leaves: $24.288 Billion of WCOM Bond issues $02.590 Billion of MCI Bond issues $00.806 Billion of Intermedia Bond issues $00.000 Billion of Brooks Fiber Bond issues {paid off} They paid debt that matured in the years 2006/7/8/9. Researched at: debttraders.com For the bond lists. Type in worldcom for (company name or alias) leave the rest as is, then search.. Please do your own research. These numbers are subject to human error. All investments pose a risk.