Worldcom-alles nur übertrieben? - 500 Beiträge pro Seite

[leutzsch2001]

"WorldCom`s fundamental business is essentially sound "

heißt auf deutsch:

Worldcoms einentliches geschäft ist grundsätzlich o.k./auf einer gesunden basis

"values its assets at $104 billion"

vermögenswerte i. h. v. 104 mrd us-$




WorldCom Bondholders Study Plan to Swap Debt for Equity

WorldCom Inc. (WCOME) bondholders are considering a proposal to swap their debt for equity in a prearranged Chapter 11 filing for bankruptcy-court protection, people familiar with the plan told The Wall Street Journal.
The proposed move raises the stakes in the struggle between the beleaguered telecom company, its bankers and other creditors, to whom it owes a total of $ 32.8 billion.

If WorldCom files for Chapter 11, it would be by far the largest-ever such filing. WorldCom values its assets at $104 billion, a figure that is double that of Enron Corp. (ENRNQ) and its related entities. A Chapter 11 filing would also be a stark acknowledgment that the only way WorldCom could survive is debt free. Bondholders, who hold $26 billion in bonds, are by far the largest creditors and would have greater influence over developments with WorldCom in Chapter 11 than they would outside Chapter 11.

The plan assumes that in the absence of that crushing debt load, WorldCom`s fundamental business is essentially sound and that bondholders will ultimately have a better chance of recovering their money via a quick trip through the bankruptcy court. But such assumptions could become open to question as further disclosures about accounting irregularities cast doubt on WorldCom`s health.

WorldCom is under investigation by the U.S. Justice Department, the Securities and Exchange Commission and Congress for possible accounting fraud. WorldCom already expects to restate $3.8 billion in profits for 2001 and part of 2002 because it says operating expenses were improperly booked as capital expenditures. There is a possibility of at least an additional $1 billion being added to that restatement due to a possible misuse of reserve funds that the company recently revealed.

WorldCom, the second-largest long-distance company in the world, has as much as $5.75 billion in bonds and bank debt coming due next year. In April, the Clinton, Miss., company projected free cash flow of $1.25 billion for 2003. But the actual amount of money the company has to pay its debts could be lower if customers switch carriers amid the turmoil.

Wall Street Journal Staff Reporters Henny Sender and Carrick Mollenkamp contributed to this report.




Copyright (c) 2002 Dow Jones & Company, Inc.
All Rights Reserved.

[CrazyBroker]

Jedenfalls wird die Käuferseite zunehmend stärker, die Verkäuferseite allerdings auch.

[rainer271]

Super Beitrag, "CrazyBrain"!!!

[giovanne kostolane]

Hi Leute,
gestern hatten Sie in einem Interview erzählt, daß
über den Verbleib von Worldcom im Nasdaq100 heute
entschieden werden soll.

Habt Ihr diesbezüglich etwas gehört?

mfg