Nicht verpassen aktueller kurs 0,25! das ist die einstiegsbase schlechthin! also nix verpassen! schauen wir mal was die amis heute machen! montag neuer ceo!
WorldCom near deal to avoid charges, fines
By DAVID E. ROVELLA
Bloomberg Business News
NEW YORK -- WorldCom is near a settlement with the Securities and Exchange Commission that may let it avoid fines and criminal charges as regulators seek to help the second-largest U.S. long-distance company emerge from bankruptcy, people familiar with the matter said.
WorldCom, which hid or misstated $9 billion in expenses and reserves, is more likely to retain government contracts if it avoids criminal charges, former federal prosecutor David Irwin said. Annual sales to federal, state and local governments total about $1 billion, WorldCom spokesman Peter Lucht said.
"There are certainly going to be issues about a company being too important to fail, when the company is an airline or a communications company," Irwin said.
The proposed settlement would require WorldCom to establish court-approved financial controls and possibly pay a fine if it doesn't comply with them, people familiar with the proposal said.
That would be less damaging than the punishment meted out to ex-Enron auditor Arthur Andersen, whose criminal conviction June 15 forced it to give up its license to audit companies.
WorldCom operates about a quarter of the capacity on the 20 largest U.S. Internet routes, according to Washington-based TeleGeography.
In July, the Clinton, Miss.-based company said it had 20 million customers and carried more than half of the world's Internet traffic.
WorldCom near deal to avoid charges, fines
By DAVID E. ROVELLA
Bloomberg Business News
NEW YORK -- WorldCom is near a settlement with the Securities and Exchange Commission that may let it avoid fines and criminal charges as regulators seek to help the second-largest U.S. long-distance company emerge from bankruptcy, people familiar with the matter said.
WorldCom, which hid or misstated $9 billion in expenses and reserves, is more likely to retain government contracts if it avoids criminal charges, former federal prosecutor David Irwin said. Annual sales to federal, state and local governments total about $1 billion, WorldCom spokesman Peter Lucht said.
"There are certainly going to be issues about a company being too important to fail, when the company is an airline or a communications company," Irwin said.
The proposed settlement would require WorldCom to establish court-approved financial controls and possibly pay a fine if it doesn't comply with them, people familiar with the proposal said.
That would be less damaging than the punishment meted out to ex-Enron auditor Arthur Andersen, whose criminal conviction June 15 forced it to give up its license to audit companies.
WorldCom operates about a quarter of the capacity on the 20 largest U.S. Internet routes, according to Washington-based TeleGeography.
In July, the Clinton, Miss.-based company said it had 20 million customers and carried more than half of the world's Internet traffic.
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