nanog mailing list archives
RE: How low can Worldcom stock go?
From: blitz <blitz () macronet net>
Date: Wed, 26 Jun 2002 12:40:58 -0400
This is at least the second purge of that many bodies, maybe third...they just let 20k go a month or so ago..
These business practices will continue, as long as the benefits of doing things this way outweigh the punishment for doing them. Ask Bill Gates...for example.
I'd venture a guess: In all these disclosures we've seen lately, Wcom, Global Crossing, Adelphia, Enron, ad nausium...NO ONE will go to jail...the taxpayer/stockholders will ultimately swallow it all.
Haven't we gone down this road before? Remember Junk bonds and Milikin (sp)? Savings and loan scandal? Greed is good..right... who paid the bills for those debacles? You and I.
IF you got a job, be thankful.. this isn't over yet. The only stocks I'd buy right now, are in shredder manufacturers....
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 :-(
Current thread:
- Re: How low can Worldcom stock go? Gordon Cook (Jun 26)
- <Possible follow-ups>
- How low can Worldcom stock go? Eric Germann (Jun 26)
- RE: How low can Worldcom stock go? Eric Germann (Jun 26)
- RE: How low can Worldcom stock go? Eric Germann (Jun 26)
- RE: How low can Worldcom stock go? Deepak Jain (Jun 26)
- RE[2]: How low can Worldcom stock go? W.D. McKinney (Jun 26)
- RE: How low can Worldcom stock go? measl (Jun 26)
- RE: How low can Worldcom stock go? blitz (Jun 26)
- Re: How low can Worldcom stock go? Eric Brandwine (Jun 26)
- Re: How low can Worldcom stock go? alex (Jun 26)
- Re: How low can Worldcom stock go? Bill Woodcock (Jun 26)
- Re: How low can Worldcom stock go? Alex Rubenstein (Jun 26)
- RE: How low can Worldcom stock go? Deepak Jain (Jun 26)