nanog mailing list archives
RE: How low can Worldcom stock go?
From: <measl () mfn org>
Date: Wed, 26 Jun 2002 04:18:43 -0500 (CDT)
Prediction: Bankruptcy filing to lose the restated 5 quarters, followed by emergence and prosperity. <sarcasm> After all, isn't the saving of fraudulent transactions made by suffering telecoms the whole "prupose" of today's bankruptcy courts? </sarcasm> Operationally, I believe the biggest impact will be indirect: losing 17K+ bodies will not make WC an easy giant to work with :-( On Wed, 26 Jun 2002, Deepak Jain wrote:
The upside, and the operational piece is that judging by all the insolvencies upto now have done little to effect existing services that are in place. Deepak Jain AiNET -----Original Message----- From: owner-nanog () merit edu [mailto:owner-nanog () merit edu]On Behalf Of Eric Germann Sent: Tuesday, June 25, 2002 10:28 PM To: nanog () merit edu Subject: RE: How low can Worldcom stock go? Sensitivity: Confidential Accoriding to Reuters: -- WorldCom sees $2 billion a year in cash savings. -- WorldCom will lay off 17,000 workers starting Friday, which will save about $900 million annually. -- WorldCom will sell off non-core businesses, including South American assets, and its wireless resale business, which will save $700 million annually; -- WorldCom will save about $375 million annually by paying some preferred dividends in common stock, not cash, deferring some dividends, and discontinuing the dividend on the its MCI tracking stock. -- WorldCom will also cut capital expenditures in 2002 and forecasts 2003 capital investment at $2.1 billion. The usual stock sites have the releases. Ironically, Anderson stated tonight their work complied with accounting standards. Wonder where the 17,000 souls are going to come from?-----Original Message----- From: owner-nanog () merit edu [mailto:owner-nanog () merit edu]On Behalf Of Eric Germann Sent: Tuesday, June 25, 2002 7:03 PM To: nanog () merit edu Subject: How low can Worldcom stock go? Sensitivity: Confidential 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 () 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
Current thread:
- Re: How low can Worldcom stock go? Gordon Cook (Jun 26)
- <Possible follow-ups>
- How low can Worldcom stock go? Eric Germann (Jun 26)
- RE: How low can Worldcom stock go? Eric Germann (Jun 26)
- RE: How low can Worldcom stock go? Eric Germann (Jun 26)
- RE: How low can Worldcom stock go? Deepak Jain (Jun 26)
- RE[2]: How low can Worldcom stock go? W.D. McKinney (Jun 26)
- RE: How low can Worldcom stock go? measl (Jun 26)
- RE: How low can Worldcom stock go? blitz (Jun 26)
- Re: How low can Worldcom stock go? Eric Brandwine (Jun 26)
- Re: How low can Worldcom stock go? alex (Jun 26)
- Re: How low can Worldcom stock go? Bill Woodcock (Jun 26)
- Re: How low can Worldcom stock go? Alex Rubenstein (Jun 26)
- RE: How low can Worldcom stock go? Deepak Jain (Jun 26)