Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Nuevo Grupo Iusacell (CEL) -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (167)	6/3/2003 11:31:06 AM
From: Rob Preuss	Read Replies (1) \| Respond to of 206

"It tells me that they are applying the principle of not throwing good money after bad..." Its tough to know for sure... you could be right (I hope you're not). VZ essentially applied this principal with respect to Genuity not so long ago... they have no sentimentality (nor should they) and just do what's right for them (and their investors). I have some money both in VZ and CEL. I liked that VZ and VOD are behind CEL and this was an incentive to for me to invest... CEL has huge potential if they can only get on strong competitive ground. It could be that the suspended payment is just another tactic in some tough negotiations between VZ/VOD and CEL... Let's hope the suspended payment does not turn into default and that they announce a restructuring agreement in the next few weeks. Rob