Quote:
Originally posted by FATPad
That's what I'm thinking of doing. Buying up some shares, but only if there's a reasonable chance of them recovering.
They're laying off people. Selling non-core businesses. A bunch of their loans will probably be called in, and they'll definitely have trouble getting new loans.
(which it is).
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You should pick up some Global Crossing, Williams, and Tyco while you're at it.
Wcom is sooooo fucknozzled. They were weeks from chapter 11 due to the market conditionand debt load BEFORE this little $4B 'scandal.' That's billion with a B boys and girls.