[geeks] WorldCom TOAST

geeks at sunhelp.org geeks at sunhelp.org
Mon Jul 22 07:23:29 CDT 2002


~ I am the Kiss of Death.
~ When I started ordering from Webvan.com, they went tits up a few weeks
~ later.
~ 
~ Maybe I need to start buying something from microsoft...

Best idea I've heard yet.


Of course, you're forgetting that bankruptcy is a stalling tactic. When my
employer was joining the mass exodus out of Exodus and they filed chapter 11
we all breathed a sigh of relief. Ch11 allows a company to fork their
creditors and resume business. The only suckness with Ch11 is for the
employees and for any good ideas/products in the pipeline. A Ch11 company
has to prove a path back to solvency and that always means product and
people cuts.



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