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AT&T, Inc. Message Board

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  • hanschristian38 hanschristian38 Apr 25, 2002 3:13 PM Flag

    WCOM Going Bankrupt????

    "The consumer long-distance voice market is extremely competitive, while big corporations, the primary purchasers of WorldCom's data services, have scaled back spending during the U.S. recession.
    That's made it increasingly difficult for WorldCom to service interest payments on its long-term debt of nearly $30 billion. In the latest quarter, WorldCom said it reduced its debt by $903 billion to $27.9 billion.
    Still, many analysts are now expressing skepticism about whether the company can survive as an independent entity. At least four brokerages cut their ratings to "sell" after the sales warning - an unheard of event on Wall Street for a company of WorldCom's size."

    WOW - Cut its debt by $903 billion. And they still cut the ratings!

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