[geeks] WorldCom TOAST

Dave McGuire mcguire at neurotica.com
Sun Jul 21 23:23:39 CDT 2002


On July 22, Kevin Lee wrote:
> OK ITS OFFICIAL ......ITS On  SLASHDOT :-)

  Yup:

http://money.cnn.com/2002/07/21/news/companies/bc.worldcom.bankruptcy.reut/index.htm

WCOM: Bankruptcy filing to come Sunday

New CEO Sidgmore says filing is imminent.
July 21, 2002: 7:27 PM EDT

PHILADELPHIA, July 21, (Reuters) - WorldCom Inc. said it will file
Chapter 11 bankruptcy protection later Sunday in the nation's largest
insolvency after the long-distance telephone and data services company
buckled under a $3.85 billion accounting scandal and a mountain of
"junk-rated" debt.


        -Dave

-- 
Dave McGuire                  "Needing a calculator indicates that
St. Petersburg, FL              your .emacs file is incomplete." -Joshua Boyd



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