Mon, Dec 22, 2014, 6:03 PM EST - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

AT&T, Inc. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • 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!

33.85+0.31(+0.92%)Dec 22 4:00 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.