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
company and worldcom inc. - All News and Analysis
Distressed-debt market bets on smaller companies; It might take longer for investors to profit.(News)
- 2004-10-04
Byline: Liz Skinner WASHINGTON - The flood of filings for bankruptcy protection, such as those from Global Crossing Ltd. and WorldCom Inc., has subsided, leaving a market full of small to midsize companies. For distressed-debt investors, that Byline:...
Restoring integrity a corporate must.(Opinion)
- 2003-09-01
Byline: Brian Tucker Life is full of ironies, but this one was just too good to let pass without comment. Last week, as I read through the daily newspaper, I came to the story about MCI the former and disgraced WorldCom and its attempts...
New values: WorldCom polishes up corporate governance; Breeden blames "the cancer of compensation abuse" for firm's collapse.(News)
- 2003-05-26
Byline: Joel Chernoff PHOENIX - WorldCom Inc., lambasted as the epitome of cronyism, accounting shenanigans and lavish executive perks and pay, will emerge as a model for good corporate governance, said Richard C. Breeden, the bankrupt firm's corp Byline: Joel Chernoff ...
WorldCom lets go another 200 workers
- 2003-03-03
Approximately 200 WorldCom employees at the company's Weldon Spring facility lost their jobs Friday. The company told state officials that the workers were laid off because there was a "lack of work" for them, the Missouri Department of EconomicApproximately 200 WorldCom employees at the company's Weldon Spring facility lost their...
Highwoods Properties Announces Fourth Quarter and Year End 2002 Results
- 2003-02-25
Business Editors RALEIGH, N.C.--BUSINESS WIRE--Feb. 25, 2003 Highwoods Properties, Inc. (NYSE: HIW), the largest owner and operator of suburban office properties in the Southeast, today reported funds from operations ("FFO") before minority interest of $46.3 million, or $0.77 per diluted share, for the quarter ended December 31, 2002....
Restorative powers; Dubel's job: straighten out WorldCom's books.(News)(WorldCom Inc.'s new chief financial officer, John Dubel)
- 2003-02-10
Byline: erik ipsen By the time John Dubel signed on as the chief financial officer at WorldCom Inc. last July, the company's suppliers, customers and creditors were in an uproar, and its 77,000 employees were in a state of deep shock. ...
Banks seek S&P's help to recognize worthy loans. (Business).
- 2002-12-09
NEW YORK -- Commercial banks, which many companies hope will provide alternatives to stock, bond and vendor financing of capital requirements, have started seeking help from Standard & Poor's Corp. to evaluate prospective borrowers. Sorti NEW YORK --...
Tech Watch: Ameritech has new line on generating interest.(financing for telephones)(Brief Article)
- 2002-08-12
A telephone company selling telephones wouldn't appear to be headline material. Unless, that is, the company is SBC Ameritech, the telephone monopoly that people love to hate. Consumer advocates are crying foul over the 18% annual rate the Texas-b A telephone company selling...
Conflicts of interest: early warning signs.(Investorside Research Assn. to provide stock buyers with information free of interest conflicts)(Brief Article)
- 2002-08-12
A press conference was held recently in Washington, D.C., to announce the formation of a league of independent stock research analysts. The group, the Investorside Research Assn., says its primary mission is to provide stock buyers with clear, calcul A press conference was held recently in...
A creed of greed, INVESTOR DIGEST
- 2002-07-16
Investor Digest Malaysia 07-16-2002 THE WAY EVENTS ARE UNFOLDING IN the US, one would be inclined to believe that for the American corporate sector, ethical means mythical. The scope and scale of the corporate transgressions of the late 1990s, Investor Digest...
White Papers, Webcasts, and Resources
- Practice Considerations for Dell/EMC CX3 FC/iSCSI Storage Systems: Best Practices Planning Dell EqualLogic This paper discusses practice considerations for planning and deploying ... Download Now
- Storage Choices For Virtual Server Environments Dell EqualLogic Server virtualization is the most substantial shift in IT so far this ... Download Now
- Resource Guide: 10 Tech Skills You Should Develop Over the Next Five Years TechRepublic If you want a job where you can train in a particular skill set and then ... Download Now
Industry Transcripts by Seeking Alpha
-
LoJack Corp. Q3 2009 Earnings Call Transcript
on Dec 18, 2009about LOJN
-
Palm, Inc. F2Q10 (Qtr End 11/27/09) Earnings Call Transcript
on Dec 18, 2009about PALM
-
Research In Motion F3Q10 (Qtr End 11/28/09) Earnings Call Transcript
on Dec 17, 2009about RIMM
-
Celestica, Inc. Q3 2009 Earnings Call Transcript
on Dec 17, 2009about CLS
-
Oracle F2Q10 (Qtr End 11/30/09) Earnings Call Transcript
on Dec 17, 2009about ORCL
Glass Door
Technology Industry Companies
| Company | Employer Rating |
 |
|
| Microsoft | |
| Cisco Systems | |
| QUALCOMM | |
IndustryTop Rated
Presented by American Express