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Technology Stocks : Able Telecom (ABTE) -- Ignore unavailable to you. Want to Upgrade?


To: Mama Bear who wrote (471)2/16/1999 5:59:00 PM
From: Questerr  Read Replies (4) | Respond to of 700
 
Where are you going to borrow those shares Big Mama? Name a broker on the street that can locate ABTE shares to lend to you? MCI-Worldcom can't afford to let Able fail.....better buckle your seat belt just in case you're wrong! For all those long the stock - Cheeeeeeeers mate!



To: Mama Bear who wrote (471)2/16/1999 6:38:00 PM
From: Bill Wexler  Read Replies (1) | Respond to of 700
 
The Able telecom fraud announces a disaster:

biz.yahoo.com

<<Revenues for Able's fiscal year ended October 31, 1998 are $217.5 million with net income of $2.5 million. After taking into account a non-cash charge to retained earnings of $8.0 million related to the beneficial conversion privileges on preferred stock, other non-recurring adjustments associated with Able's obtaining financing for a portion of the purchase price of MFS Network Technologies, and preferred stock dividends, the loss applicable to common shareholders is $5.8 million, or $0.59 per share. On a diluted basis, the loss applicable to common shareholders is $5.3 million, or $0.51 per share. Able is currently analyzing the effects of the year-end adjustments on previously reported quarterly earnings.>>