nanog mailing list archives
Just keep telling yourself, "Worldcom won't fail, Worldcom won't fail"
From: Fletcher E Kittredge <fkittred () gwi net>
Date: Mon, 25 Feb 2002 13:51:27 -0500
This is an interesting NYT article (free registration required) for all of those of us trying to convince themselves that even if Worldcom goes bankrupt, UUnet will stay up. The example used is Global Crossings. If a company has complex enough finances and gets deeply enough under water, the courts might not be able to figure it out and creditors may just liquidate... whether or not it makes sense for the customers and society as a whole. If the government is not willing to step in for Enron, would they step in for UUnet? http://www.nytimes.com/2002/02/25/technology/25GLOB.html By the way, I never said to Dan Hollis and others: "You were right; I was wrong." about Global Crossing. If one had listened to Dan, one would have known 12 months that Global Crossing was in trouble. I read their press releases and balance sheets and didn't see it... Mea Culpa. regards, fletcher
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- Just keep telling yourself, "Worldcom won't fail, Worldcom won't fail" Fletcher E Kittredge (Feb 25)