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WorldCom crisis shakes customers' faith
News Herb Peyerl, network manager of Calgary-based Internet service provider Middle Digital, blanched when he heard about WorldCom's $4bn accounting fiasco. Peyerl's largest customer, a large international division of a Fortune 500 company, is hosted in...
[June 27, 2002, 12:11]
News Schmooze: WorldCom or WorldCon?
News WorldCom shaken by missing $4bn It's WorldCom this time, but the indications are that, with Enron-style accounting practices rife in corporate America, the company won't be the last. Now, no one could have seen this coming -- a major technology...
[June 28, 2002, 14:31]
WorldCom customers urged to hang on
News With WorldCom teetering on the brink of bankruptcy, the company's jittery customers are being advised hang tight for now but have a backup plan ready. Research firms such as Giga Information Group, Gartner and the Yankee Group say they've been...
[July 4, 2002, 11:33]
WorldCom chief quits
News Ebbers, chief executive of US telecommunications giant WorldCom, has resigned, according to a report in The Wall Street Journal quoting company executives. Shares of WorldCom, the No. WorldCom was not immediately available to confirm the report.
[April 30, 2002, 11:19]
WorldCom chief apologises in Washington
News WorldCom chief executive John Sidgmore trekked to the nation's capital on Tuesday to reassure regulators, apologise publicly, and pledge that financial shenanigans are in the troubled company's past. In his first public appearance since WorldCom...
[July 3, 2002, 7:42]
Net needs fatter pipes - WorldCom
News And WorldCom (WCOM) knows all about growth-it's now the fourth-largest long-distance carrier in the U.S.and is about to leapfrog two places by acquiring No.2 MCI. Each MCI share will be exchanged for $51 in WorldCom stock.
[January 29, 1998, 10:45]
WorldCom case throws spotlight on routing
Talkback Well, im not that familiar about that worldcom case but it seems that its the most devastating fraudulent act done by a CPA compare to the enron case. Could you please send me a brief summary of the worldcom case on my account.
[September 13, 2003, 8:05]
NICE Systems Case Study: WorldCom, Inc.
White Papers IEX and WorldCom have a common goal: making businesses run more efficiently. WorldCom provides enterprise communications services to small and global businesses. With almost 200 agents at its multi-site, multimedia contact centers, WorldCom depends...
[January 20, 2009, 1:35]
WorldCom analyst walks away with $30m
News Prominent Wall Street telecoms analyst Jack Grubman - whose role in the WorldCom scandal is under investigation - has walked away from investment house Salomon Smith Barney with $30m (£18m). Grubman was known for his bullish backing of telecoms...
[August 16, 2002, 10:53]
WorldCom confident MCI deal will go through
News WorldCom Inc.had to settle for its second choice of global phone companies when it made a $30 billion bid for MCI Communications Corp.this morning. That was the half-joking assertion of a supremely confident Bernard Ebbers, the rapier-wit president...
[October 2, 1997, 10:50]
WorldCom nabs MCI
News WorldCom raised its bid for MCI Communications Corp.from $41.50 to to $50 a share, and MCI announced it had accepted the bid this morning. WorldCom's sweetened $37 billion all-stock bid beat out an earlier bid by British Telecommunications and a...
[November 10, 1997, 12:24]
WorldCom shaken by missing $4bn
News WorldCom fired its top financial executive on Tuesday after discovering that the company had improperly accounted for almost $4bn (£2.8bn) on its corporate balance sheets during the past five quarters.
[June 26, 2002, 8:37]
WorldCom job losses hit the UK
News The UK could bear the brunt of layoffs announced yesterday by US Internet service provider Worldcom, according to sources. WorldCom, which owns ISP UUNet, employs over 5,000 people in Britain. WorldCom has confirmed that the redundancies are part...
[May 3, 2001, 10:29]
WorldCom takes on BT, offers alternative Surftime
News MCI WorldCom is to roll out an alternative version of Surftime following a successful anti-competitive complaint against BT it is revealed Tuesday. In a complaint to Oftel WorldCom accuses BT of failing to offer a wholesale version of its unmetered...
[April 18, 2000, 15:36]
Hacker had WorldCom in his hands
News WorldCom apparently agrees with Lamo's assessment. Internet backbone provider MCI WorldCom has acknowledged that network-intrusion specialist Adrian Lamo used a security hole in a company Web server to grant himself access to its administrative...
[December 7, 2001, 9:32]
Techs duck and cover after WorldCom
News WorldCom's huge accounting scandal is creating a ripple effect that is expected to go well beyond the telecommunications sector. While Wall Street was pondering WorldCom's future, analysts were saying Wednesday that the company's announcement that...
[June 27, 2002, 8:43]
MCI WorldCom tests super-fast Net
News MCI WorldCom announced Tuesday it has successfully completed the first commercial test of next-generation optical networking equipment that can carry a terabit of Internet traffic every second. The hair-thin fibres from Nortel Networks have the...
[January 19, 2000, 10:27]
Baptism of fire for new WorldCom chief
News At the peak of the telecommunications boom, John Sidgmore was WorldCom's designated cheerleader, pointing to the explosion of the Internet as an unending trail of profits for his company. Today, as the hastily selected new chief executive of...
[May 1, 2002, 9:11]
US Report: EU panel OKs merger between MCI-WorldCom
News A European Union antitrust panel recommended approval of the $37bn (£22.6bn) merger between telecommunications powers WorldCom and MCI Communications provided MCI sells its Internet businesses, an industry source said Friday.
[June 22, 1998, 10:27]
MCI Worldcom buys Sprint for $115bn
News In the largest merger ever, American telecoms giants MCI WorldCom and Sprint confirmed they are merging in a stock swap valued at $115bn (£70.12bn) excluding debt. The new company will be named WorldCom.
[October 5, 1999, 12:10]
