How low can Worldcom stock go?

Wed Jun 26 00:32:56 UTC 2002

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 at merit.edu [mailto:owner-nanog at merit.edu]On Behalf Of
> Deepak Jain
> Sent: Tuesday, June 25, 2002 8:02 PM
> To: blitz; ekgermann at cctec.com
> Cc: nanog at 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 at merit.edu [mailto:owner-nanog at merit.edu]On Behalf Of
> blitz
> Sent: Tuesday, June 25, 2002 7:40 PM
> To: ekgermann at cctec.com
> Cc: nanog at 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 at 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
> 
> 
> 
> 