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AT&T, Inc. Message Board

  • p_lynch_not p_lynch_not Aug 19, 2002 8:52 AM Flag

    T is positioning to buy UUNET

    "AT&T is positioning itself to not only grab WorldCom's customers, but grab the UUNET assets in the eventuality of a break-up," the analyst said."

    "Just how important is WorldCom?"

    When WorldCom's accounting scandal hit, there was a conception that the company couldn't fail because its UUNET backbone carried more than 50 percent of the Internet's traffic.

    But San Francisco-based telecom analyst firm RHK said last week that WorldCom carries only about 15 percent of the Internet's North American traffic, roughly the same amount as AT&T.

    "This has been the big mirage," a WorldCom executive, speaking on the condition of anonymity, told The Post.

    "Can we fail? Yes. The idea that WorldCom is essential to national security because of UUNET is false. You can move customers at will."

    http://www.nypost.com/business/55022.htm

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    • Soory to have been away - Just came into a public library to catch up...

      Why in the world would AT&T want UUNet except for maybe the customers. Their network can already carry much more traffic than it has now.

    • From post 184099:

      Drake Johnstone, an analyst for Davenport & Co., said yesterday that WorldCom's expanding accounting problems raises questions about its ability to emerge from bankruptcy. According to his calculations, the company would earn just 10 cents a share, or $307 million this year, if it were relieved of its responsibility to pay interest on its entire debt load. "That's nothing," Johnstone said. With such a small profit, WorldCom might have difficulty persuading creditors to allow it to emerge from bankruptcy instead of selling its parts.

 
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