SBC sounded like they were throwing in the towel. They were pretty downbeat. |
There is a precedent for a tracking stock. But it amazes me that the market would be able to provide valuation of [WorldCom's consumer and whole business]. |
These cable systems are in rural areas, so they potentially are not as profitable. AT&T is looking to unload them because their focus is not on rural cable markets. |
They're up against the wall. If the bankers decide not to play ball, Qwest could be in bankruptcy later this year. |
This tracking stock phenomenon doesn't make sense. I wouldn't be surprised if they went down to $0. |
What could drive upside is more significant price cuts, and it wouldn't surprise me if it happened after the spring of 2004. |