Indeed it will...but they will survive..
I am pretty sure a 5 quarter restatement will reduce its chances of future respectability.
DJ
-----Original Message----- From: owner-nanog@merit.edu [mailto:owner-nanog@merit.edu]On Behalf Of blitz Sent: Tuesday, June 25, 2002 7:40 PM To: ekgermann@cctec.com Cc: nanog@trapdoor.merit.edu Subject: Re: How low can Worldcom stock go?
Worldcom stands a chance of making money in the future, Adelphia has absolutely NO chance of ever regaining any sort of respectability.
After all Wcom owns UUnet...they own the fat pipes..
Adelphia cries when it has to purchase a few T3's cause their cablemodem system is clogged...
At 19:03 6/25/02 -0400, you wrote:
Any bets where they will bottom out at? Lets see if they can beat Adelphia at $0.05 on 6/21/02
----
From WSJ Tech alerts.
WORLDCOM UNCOVERED what appears to be one of the largest corporate frauds in history with the discovery of more than $3 billion in expenses that were improperly booked as capital expenditures.
For more information, see:
http://online.wsj.com/article/0,,SB1025044139757626480,00.html
========================================================================== Eric Germann CCTec ekgermann@cctec.com Van Wert OH 45801 http://www.cctec.com Ph: 419 968 2640 Fax: 603 825 5893
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