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
telecommunications and worldcom inc. - All News and Analysis
Why BSers Get Ahead
BNET
- 2009-03-05
BSers get ahead. It's a fact of business life. They accept responsibility regardless of whether they know what they're doing or not. Here's how it works, the downside of being a BSer, and ten common characteristics to help you recognize them. by Steve Tobak
University of Minnesota Expert Available to Discuss the Role WorldCom Played in Creating Turmoil in Telecom Industry.
- 2005-03-15
Byline: University of Minnesota Byline: University of Minnesota
Why the bubble popped.(stock market crash)(Bibliography)
- 2004-05-03
This clutch of books offers an excellent retrospective on the recent stock-market crash, which wiped out $8.5 trillion in market value. The value of individual retirement accounts dropped by one-third, and in just twelve months, 2 million Americans lost their jobs. But the lessons...
After WorldCom : How Much Consolidation Can U.S. Telecom Regulators Permit?
BNET
- 2003-05-15
The article explains how much industry consolidation can telecom regulators permit without significantly impairing competition? It recognize that regulators will judge any merger based upon the relevant facts but, in general, it suspect the answer may prove to be "more than you might think," -- especially if the "failing firm"...
After WorldCom: How Much Consolidation Can U.S. Telecom Regulators Permit?
BNET
- 2003-05-15
WorldCom's recent bankruptcy has likely set the stage for a new round of telecom industry mergers that will test the long-standing competition policies of U.S. regulators. As Federal Communications Commission FCC told Congress that It is difficult to imagine the industry stabilizing without some modest and prudent restructuring. With new...
WorldCom to Turn Energies to Competing in Changing Telecommunications Market.
- 2003-04-15
By Christopher Boyd, The Orlando Sentinel, Fla. Knight Ridder/Tribune Business News By Christopher Boyd, The Orlando Sentinel, Fla. Knight Ridder/Tribune Business News
Philippine call dispute pressures global rates.
- 2003-02-28
Feb 28, 2003 (The Asian Wall Street Journal - ABIX via COMTEX) A number of Philippine telephone companies announced in January 2003 they would lift their termination rates. Termination rates refer to the costs imposed by domestic phone carriers on their international counterparts when...
The Failure Of Good Intentions: The Worldcom Fraud And The Collapse Of American Telecommunications After Deregulation
BNET
- 2003-01-01
This paper analyzes WorldCom's fraud, bankruptcy, and the decision of its Triennial Review of mandatory unbundling. To date, policymakers and scholars have failed to recognize how those topics are interrelated. The United States has spent seven years trying to deregulate telecommunications. It also discusses administrative cost of deregulation, which has...
U.S. STATE DEPT AWARDS WORLDCOM 10-YEAR GLOBAL TELECOM CONTRACT.
- 2002-12-20
(Full text of a statement. Contact details below.) CLINTON, Miss., Dec. 19 /PRNewswire-FirstCall/ -- WorldCom to Provide Domestic and International Data Communications Services Under SPECTRUM Agreement, Valued Up to $360 Million WorldCom WCOEQ, the leading global business data and Internet communications provider, today announced that...
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 --...
White Papers, Webcasts, and Resources
- ABSOLUTE SCALABILITY: SoftLayer improves IT staff efficiency by 15% while introducing more flexible services for customers with Dell storage Dell EqualLogic These days, just about all organizations need to invest in information ... Download Now
- Five Reasons to Make Dell EqualLogic PS Series Your Storage Consolidation Solution Dell EqualLogic Centralize storage and reduce administrative overhead. The PS Series' ... Download Now
- IT Consolidation with VMware and Dell Equallogic iSCSI SANs a Fully Virtualized IT Environment - Simple to Deploy, Manage and Grow Dell EqualLogic Organizations trying to achieve higher levels of efficiency in their data ... Download Now
Industry Transcripts by Seeking Alpha
-
Integral Systems, Inc. F4Q09 (Qtr End 09/25/09) Earnings Call Transcript
on Dec 07, 2009about ISYS
-
EasyLink Services International Corporation's F1Q10 Prepared Remarks Transcript
on Dec 05, 2009about ESIC
-
Sirona Dental Systems, Inc. F4Q09 (Qtr End 09/30/09) Earnings Call Transcript
on Dec 04, 2009about SIRO
-
Magma Design Automation, Inc. F2Q10 (Qtr End 11/01/09) Earnings Call Transcript
on Dec 03, 2009about LAVA
-
ArcSight Inc. F2Q10 (Qtr End 31/10/09) Earnings Call Transcript
on Dec 03, 2009about ARST
Glass Door
Technology Industry Companies
| Company | Employer Rating |
 |
|
| Microsoft | |
| Cisco Systems | |
| QUALCOMM | |
IndustryTop Rated
Presented by the Premiere Rewards Gold Card from American Express