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Welcome to the Stock Certificates page at Treasured Stocks, your rare currency and rare coin dealers who offer everything from rare Confederate money to old stock certificates. On this page, you'll discover antique and not so antique stock certificates from the telecommunications industry. Browse and discover certificates of WorldCom stock, of Sirius stock and of numerous other now-defunct shares that were traded during the roaring, heady days of the telecom bubble. It is important to note that most of the more recent telecom stocks were electronically traded; few hard copy paper stock certificates were issued. Telecom corporate stock certificate collectors of the few that exist will likely enjoy rich investment returns.


Item # 200 - Price $79.95

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XO Communications, Inc. announced it has taken an important step in the U.S. Bankruptcy Court for the Southern District of New York.

"This financial restructuring and the related Chapter 11 filing are not a result of operational issues, but are driven by a need to deleverage the Company and resolve our balance sheet issues," commented Akerson. "Simply stated, the Company has too much debt, given the current and projected level of business operations."

Since XO announced its initial restructuring plans in November 2001. During the fourth quarter of 2001 XO implemented a series of expense reduction and cash conservation initiatives. Late last year, XO also disclosed that it would not make cash interest and dividend payments on its unsecured notes and preferred stock beginning on December 1, 2001.

About XO Communications

XO Communications was one of the nation's fastest growing providers of broadband communications services offering a complete set of communications services, including: local and long distance voice, Internet access, Virtual Private Networking (VPN), Ethernet, Wavelength, Web Hosting and Integrated voice and data services.

XO assembled an unrivaled set of facilities-based broadband networks and Tier One Internet peering relationships in the United States. XO currently offers facilities-based broadband communications services in 65 markets throughout the United States.

Craig McCaw founded NEXTLINK Communications in 1994 and is its principal shareholder. Following the merger of NEXTLINK and Concentric in 2000, McCaw now serves on the XO™ board, and remains directly involved in the strategic direction of the company.

McCaw is a wireless pioneer and was a widely respected leader in the telecommunications industry. He built McCaw Cellular Communications, Inc., from a startup into the country's largest provider of wireless communications services. In 1994, McCaw Cellular merged with AT&T for $11.5 billion, at the time becoming one of the largest mergers in U.S. business history. Prior to founding McCaw Cellular, McCaw built a family-owned, cable TV company into the nation's 20th largest cable operator. In March 1994, Mr. McCaw and Microsoft chairman Bill Gates formed Teledesic Corporation to offer broadband communications worldwide via low earth-orbit satellites.

XO Communications have been involved in many lawsuits recently. The defendants include XO Chief Executive Officer and Chairman of the Board of Directors Daniel F. Akerson, President, Chief Operating Officer and Director Nathaniel A. Davis and Craig O. McCaw, the Company's founder, controlling shareholder, and Director. Complaints charges that defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5 by, among other things, issuing false and misleading statements regarding XO's financial condition as well as its present and future business operations. In particular, the Complaint alleges that defendants misled the investing public concerning the Company's ability to finance its business operations until it becomes cash- flow positive. Throughout the Class Period, defendants stated that XO had sufficient cash to survive at least into mid 2003 without the need for further financing. These statements were false, and on November 29, 2001, defendants announced a transaction where the shareholders' equity was destroyed in exchange for a cash infusion of $800 million. Trading in the Company's stock was immediately halted.

The Telecom Disaster..!!

Documents from short-lived telecom companies are a contemporary commodity. With the introduction of the phone switching equipment, hundreds of start-up companies sold shares of their stock and millions of investors purchased these shares. But in the blink of an eye, many of these telecom companies went out of business. Importantly, most of the telecom shares were traded electronically and, thus, very few hard copy paper stock certificates were issued. Collectors of the limited number of issued certificate shares will have a rich return on their investment.



Whether you seek to collect rare Confederate currency or US bank notes, commemorative certificates of eBay stock or Apple stock, historic gold certificate collectibles or certificates of deposit from days (or centuries) gone by, you have once again come to the right place! Thank you for visiting -- we look forward to serving you.