Unfortunately this event will not only affect Worldcom, but the entire industry in a significant way. This is, afterall, one of the largest reported cases of fraud in US history. MP
-----Original Message----- From: owner-nanog@merit.edu [mailto:owner-nanog@merit.edu]On Behalf Of Deepak Jain Sent: Tuesday, June 25, 2002 8:02 PM To: blitz; ekgermann@cctec.com Cc: nanog@trapdoor.merit.edu Subject: RE: How low can Worldcom stock go?
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
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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
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