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North American Network Operators Group Date Prev | Date Next | Date Index | Thread Index | Author Index | Historical RE: How low can Worldcom stock go?
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: [email protected] [mailto:[email protected]]On Behalf Of > Eric Germann > Sent: Tuesday, June 25, 2002 10:28 PM > To: [email protected] > 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: [email protected] [mailto:[email protected]]On Behalf Of > > Eric Germann > > Sent: Tuesday, June 25, 2002 7:03 PM > > To: [email protected] > > 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 > > [email protected] 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 > > > >
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