BNET Industries
- Private
- US
Dow Jones Description
Located in Clinton, MS. WorldCom is one of the world's largest telecommunications companies with 20 million consumer customers, thousands of corporate clients and 80,000 employees. MCI refers to its long distance service. It also owns UUNet, controlling the wires that Internet service providers use as superhighways to carry Internet traffic between cities and across continents. Even before the recent accounting disclosures, by 2001, WorldCom was already going through financial turmoil due to large debt and declining rates and revenue. Growth in the telecommunications industry was slowing and the company had too much network capacity. The company was deep in debt from an ambitious buying spree. There were also the controversial $408 million loans to CEO Bernie Ebbers to cover his margin calls on loans secured by company stock.
Peer Companies
NAICS Code Wired Telecommunications Carriers: 517110
News & Analysis
Filter by
bond and worldcom inc. - All News and Analysis
New York City plans settle with WorldCom bond underwriters.(News Briefs)(Employees Retirement System)(Brief Article)
- 2005-10-31
NEW YORK - New York City Retirement Systems on Oct. 18 reached a $78.87 million settlement with the six underwriters of two bond offerings by the former WorldCom Inc., confirmed Yvette Jackson, spokeswoman for William C. Thompson Jr., city comptrolle NEW YORK - New York City...
'Opt-Out' Plaintiffs Settle With WorldCom
BNET
- 2005-10-19
Five New York City public pension funds that did not join in the $6.1 billion WorldCom class-action settlement have settled their own lawsuits for a total of $78.9 million. The pension funds lost more than $200 million on WorldCom stock and bond investments after the company, now called MCI, filed...
JP Morgan Chase to pay two billion dollars to settle WorldCom claims
- 2005-03-16
NEW YORK AFP — JP Morgan Chase said it will pay two billion dollars to settle claims it aided and abetted WorldCom in deceiving investors before the telecom firm's bankruptcy. The settlement, the second biggest in the case, comes just a day before the banking firm was to go...
Four foreign banks settle WorldCom suit for 428 million dollars
- 2005-03-10
NEW YORK AFP — Two European and two Japanese financial firms agreed to pay a total of 428 million dollars to settle end a class action lawsuit alleging they misled investors who bought bonds from WorldCom. ABN Amro, BNP Paribas, Mitsubishi Securities and Mizuho International agreed to the settlement...
Retirement Systems of Alabama tries to recoup lost funds in court.
- 2004-11-10
By Bob Lowry, Montgomery Advertiser, Ala. Knight Ridder/Tribune Business News Nov. 10--Former University of Alabama and New York Jets quarterback Richard Todd testified Tuesday in Montgomery County Circuit Court that he was unaware that WorldCom bonds he sold to the Retirement Systems...
At Deadline; Ala. settles over WorldCom.(Retirement Systems of Alabama)
- 2004-10-04
The $22 billion Retirement Systems of Alabama will receive $111 million in a settlement with WorldCom's three investment banks and an accounting firm. JPMorgan Securities, Citigroup Global Markets, Banc of America Securities and the former Arthur And The $22 billion Retirement Systems of Alabama will receive...
Doing nothing, an active choice.(Editorial)
- 2004-05-17
Byline: Barry B. Burr The Illinois State Universities Retirement System has demonstrated the importance of sticking to strategy in a roiling investment market, and not terminating a manager going through a tough period. It recently increased by Byline: Barry B....
Evening Standard, London, Anthony Hilton Column.
- 2004-03-31
By Anthony Hilton, Evening Standard, London Knight Ridder/Tribune Business News Mar. 31--HOW FRANKFURT HAS STOLEN A MARCH: The German economy may be struggling to get out of trouble but Deutsche Brse, the Frankfurt-based operator of exchanges and clearing and settlement systems,...
Menlo Park, Calif., Firm Buys WorldCom Bonds.
- 2003-04-05
By Matt Marshall, San Jose Mercury News, Calif. Knight Ridder/Tribune Business News By Matt Marshall, San Jose Mercury News, Calif. Knight Ridder/Tribune Business News
Washington State Files Lawsuit over Pension Fund Losses from WorldCom Bonds.
- 2002-11-05
By Bradley Meacham, The Seattle Times Knight Ridder/Tribune Business News By Bradley Meacham, The Seattle Times Knight Ridder/Tribune Business News
Industry Transcripts by Seeking Alpha
-
Trintech Group PLC F3Q10 (Qtr End 10/31/09) Earnings Call Transcript
on Nov 25, 2009about TTPA
-
Blue Coat Systems, Inc. Q2 2010 Earnings Call Transcript
on Nov 24, 2009about BCSI
-
QAD Inc. F3Q10 (Qtr End 31/10/09) Earnings Call Transcript
on Nov 24, 2009about QADI
-
TiVo Inc. F3Q10 (Qtr End 10/31/2009) Earnings Call Transcript
on Nov 24, 2009about TIVO
-
Brocade Communications Systems Inc. F4Q09 (Qtr End 31/10/09) Earnings Call Transcript
on Nov 24, 2009about BRCD
Glass Door
Technology Industry Companies
| Company | Employer Rating |
 |
|
| Microsoft | |
| Cisco Systems | |
| QUALCOMM | |
IndustryTop Rated
