OT: How low can WorldCom stock go?
I keep waiting for someone to ask the FTC, SEC, etc., exactly what they've been doing with their budgets for the past decade or so. Doesn't seem like anyone has been minding the store except members of congress collecting money from business interests with little, if any, attention to public interest. Enron was the number one contributor in the energy sector. Any bets on WorldCom in the telecom sector? If shareholders ever look up from the short-term bottom line they might notice the horses are long gone from the barns. MBA - Manipulator of Business Assets Waiting for the next 50 or so shoes to drop... Just my 2ยข. Al Rowland -----Original Message----- From: Deepak Jain [mailto:deepak@ai.net] Sent: Tuesday, June 25, 2002 5:02 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
========================================================================== Eric Germann CCTec ekgermann@cctec.com Van Wert OH 45801 http://www.cctec.com Ph: 419 968 2640 Fax: 603 825 5893
"The fact that there are actually ways of knowing and characterizing the extent of one's ignorance, while still remaining ignorant, may ultimately be more interesting and useful to people than Yarkovsky"
-- Jon Giorgini of NASA's Jet Propulsion Laboratory
Hello, Tuesday, June 25, 2002, 8:27:12 PM, you wrote: RAD> I keep waiting for someone to ask the FTC, SEC, etc., exactly what they've RAD> been doing with their budgets for the past decade or so. Doesn't seem like RAD> anyone has been minding the store except members of congress collecting RAD> money from business interests with little, if any, attention to public RAD> interest. RAD> Enron was the number one contributor in the energy sector. Any bets on RAD> WorldCom in the telecom sector? In the 2002 Election cycle WorldCom has not cracked the top 20 to date: http://www.opensecrets.org/industries/contrib.asp?Ind=B09&Cycle=2002 They were #16 in the 2000 election cycle: http://www.opensecrets.org/industries/contrib.asp?Ind=B09&Cycle=2000 They also did not crack the top 20 in the 1998 election cycle: http://www.opensecrets.org/industries/contrib.asp?Ind=B09&Cycle=1998 I do find it interesting that Global Crossing was #1 in the 2000 election cycle, and is #2 to date in the 2002 election cycle. Not surprising, but interesting. Hope this helps, and hope that was not just a rhetorical question ;}. allan -- allan allan@allan.org http://www.allan.org
-----Original Message----- From: Rowland, Alan D
I keep waiting for someone to ask the FTC, SEC, etc., exactly what they've been doing with their budgets for the past decade or so.
Paying fat cats and doing their own investing. I bet the FTC, SEC, etc. have more NASDAQ lusers just due to their "insider knowledge". -Jim P.
participants (3)
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Allan Liska
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Jim Popovitch
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Rowland, Alan D