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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 2¢. Al Rowland -----Original Message----- From: Deepak Jain [mailto:email@example.com] Sent: Tuesday, June 25, 2002 5:02 PM To: blitz; firstname.lastname@example.org Cc: email@example.com 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: firstname.lastname@example.org [mailto:email@example.com]On Behalf Of blitz Sent: Tuesday, June 25, 2002 7:40 PM To: firstname.lastname@example.org Cc: email@example.com 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 > firstname.lastname@example.org 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