Worldcom Restrukturierung äusserst erfolgreich! Worldcom auf besten Weg zur Sanierung - 500 Beiträge pro Seite

[StocksResearch]

Neue Vorstände Dubel u. Rayburn "make an excellent job". Verhandlungen mit Kreditgebern und high-volume Gläubigern auf dem besten Wegm, erfolgreich abgeschlossen zu werden. Folge ist eine in Rekordzeit geglückte Sanierung des unter chapter 11 stehenden insolventen US-Telekomkonzerns WorldCom Inc.

WCOM hat seinen Vorstand anfang august 2002 teilweise neu besetzt. John S. Dubel seither neuer Finanzvorstand , Gregory F. Rayburn hat in leitender Funktion die Umstrukturierung des Konzerns erfolgreich überwacht.

Sowohl Rayburn als auch Dubel kommen von der Beratungsgesellschaft AlixPartners, die die Neuordnung des Konzerns leitet. Unternehmensnahen Kreisen ebenso wie Gläubiger-Informationen zufolge arbeiten die neuen Vorstände neben CEO Sidgemore erfolgreich an der Neuordnung des Konzerns, führen die Verhandlungen mit den Kreditgebern ,loten Finanzierungsmöglichkeiten aus und leiten den Verkauf von Unternehmensteilen in die Wege .Das Kerngeschäft wird jedoch erhalten und eine äusserst profitable Worldcom INC., wie noch in den Jahren vor 1999 , wird in wenigen Wochen nach Abschluss der Masse an Gläubigerverhandlungen ch. 11 als saniertes Unternehmen verlassen.
CH.11 ermöglicht hier als ein leuchtendes Beispiel der amerikanischen, konstruktiven Insolvenzgesetzgebung einen Erhalt von 60.000 Arbeitsplätzen (77.000 vor) und eine volkswirtschaftlich sinnvolle und gewollte "Rückabwicklung von zu schnellem Wachstum/Zukäufen unter Gläubigerschutz".
Verfolgung und Bestrafung von Rechtsbrüchen ltdr. früherer Manager unbenommen, jedoch auf das Unternehmen bezogen betriebswirtschaftlich neutral.

Kursziel: offen,PE ratio von 1998 ff.
Besprechungskurs: 0,113 $
Besprechungszeit: 08/29/02

[Wolframit]

Super,ein kleines zu vernachlässigendes Problem hätten wir da noch! Wie viele Milliarden wurden vor 1999 auch schon falsch verbucht?Also weiterhin ist Vorsicht angesagt.

[neuerporsche]

Hab ich auch schon auf der nasdaq site auch gelesen. Das erklärt die hohen Einzel-Kaufumsätze. Es gibt eben immer Insider ,die schon Tage vor den entscheidenden Events handeln.
Der wcom kurs wird aber erst richtig nach oben ab gehen, wenn der CEO vor die Mikros tritt und das kann noch einige Tage dauern. Bis dahin schleicht er sich wieder gemächlich gen 0,25. Verkaufen kann im Moment bei diesem Kursniveau sowieso niemand mehr. Frage ist: Jetzt rein mit 100 K+ zu 0,11 und 14 Tage schwitzen oder Mitte sept. zu 0,25 in einen gen Norden gerichteten Chart kaufen. Ich meine wie immer der erste Gewinn ist der sicherste (Der frühe Vogel fängt den Wurm).
Gruss an alle Heavys

[sepracor]

Wo sind diese Nachrichten den her? Bei Finanzrichten.de habe ich nichts davon gelesen, oder sind das nur Gerüchte.
Wenn das stimmen soltte, dann würde sich ja heute bestimmt jeder noch eindecken wollen.

[times.]

wo die nachricht her ist? rate mal:

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[xoma]

Das hört sich alles sehr gut an, die Cash Positionen sind besser als erwartet und im letzten Satz, dass sie im Januar wieder intakt Chapter 11 verlassen.

So wird es auch kommen, davon bin ich jedenfalls überzeugt.

WorldCom Plans to Seek Less Bankruptcy Financing (Update1)
By Dana Cimilluca

Clinton, Mississippi, Aug. 30 (Bloomberg) -- WorldCom Inc., the second-biggest U.S. long-distance telephone company, will seek less bankruptcy funding than the $2 billion it previously asked a court to approve.

``As we`ve delved further into the financial picture of the company, we have determined that we`re in a better cash position that we had earlier expected,`` WorldCom spokesman Brad Burns said in an interview. He wasn`t more specific. The company probably will seek $1.25 billion to $1.5 billion in so-called debtor-in- possession financing, he said.

WorldCom filed the largest Chapter 11 bankruptcy in U.S. history last month after disclosing that it misstated $3.85 billion in costs to hide losses. The Clinton, Mississippi- based company later said it misreported an additional $3.3 billion.

A bankruptcy court had approved as much as $2 billion in bankruptcy financing from J.P. Morgan Chase & Co., Citigroup Inc. and General Electric Co.`s General Electric Capital Corp. unit. The loan allows WorldCom to provide telephone, Internet and data- transmission services during bankruptcy.

The company, which carries half of all Internet traffic, has said it could emerge from Chapter 11 mostly intact by January. There`s no change to the expected timing, Burns said.

[junkstro]

washingtonpost.com
Ailing WorldCom Puts Sidgmore to the Test
The Company`s CEO Has Survived Past Headaches, but Some Call This Ship Beyond Repair

By Daniela Deane
Washington Post Staff Writer
Tuesday, September 3, 2002; Page E01


Internal accountants question numbers, an investigation ensues and the chief financial officer resigns. John W. Sidgmore, as head of the company, has to deal with concerns about how revenue was booked.

It`s not WorldCom Inc., and it`s not now. It`s another company -- CSC Intelicom -- back in the early 1990s.

Sidgmore weathered the troubles there and went on to high-profile posts at other technology companies, eventually reaching his current position of chief executive of embattled telecommunications giant WorldCom.

But debate inside WorldCom is beginning to focus on whether Sidgmore is the man to lead the company through bankruptcy. His long technology career in the Washington area shows successes at leading companies -- and challenges that proved too much for him to surmount.

"I`ve been lucky, and I`ve been challenged, and I`ve persevered," Sidgmore said during a recent series of interviews.

WorldCom, which is based in Clinton, Miss., but has thousands of employees in the Washington area, filed for bankruptcy protection from its creditors in July and has acknowledged improperly accounting for $7.65 billion in expenditures. Recently, sources familiar with the company said two WorldCom board members have urged other directors and creditors to pressure the company to fire Sidgmore. According to the sources, the two board members said Sidgmore`s vision for saving WorldCom is flawed and that the company should instead focus on finding potential buyers.

Sidgmore, 51, took over at WorldCom after the board pushed out longtime chief executive Bernard J. Ebbers. Since the accounting scandal broke, Sidgmore has been the public face of the company as it finds itself the subject of congressional hearings and criminal investigations.

Before his ascension, Sidgmore served as vice chairman at the company, where by his own account he withdrew from most day-to-day involvement after having a falling-out with Ebbers about WorldCom`s aborted deal to buy wireless carrier Nextel Communications Inc. in 1999.

Sidgmore arrived at WorldCom after it purchased the parent company of Internet provider UUNet Technologies Inc. After helping build UUNet into an Internet powerhouse, Sidgmore was considered by many to be one of the most successful technology entrepreneurs in the country, a visionary and a brilliant dealmaker. His supporters regarded him as a business white knight, a manager who could turn around the most troubled company.

Sidgmore started his management career at General Electric Co.`s information services unit, GE Information Services Inc. He worked at GE for 14 years, rising through the ranks from salesman to general manager in charge of North American sales and services.

"He was a highly touted guy at GE," said Peter Barris, who worked with Sidgmore there and is now managing partner of New Enterprises Associates, one of the largest venture capital firms in the country. "He was a standout player who always delivered results and exceeded his targets. He was promoted up the ranks."

From GE, Sidgmore went to a private telecommunications software company in Bethesda first called Telic Corp. and then Intelicom Solutions Corp.

Intelicom Solutions sold software to telephone companies including MCI, AT&T Corp. and Bell Atlantic (now Verizon Communications Inc.) for printing bills and dispatching workers, among other services. In 1991, Sidgmore helped negotiate the sale of the company to Computer Sciences Corp. of El Segundo, Calif.

Computer Sciences -- a multibillion-dollar public company that sells consulting and information technology services to the government and industry -- bought Intelicom Solutions to expand into the telecommunications software market. But it wasn`t long before officials there began worrying about the business prospects for the newly renamed CSC Intelicom.

"The business wasn`t going the way CSC thought it should be," said one former high-level Intelicom executive. "It was headed south."

Auditors at the head office began to question numbers reported to them by the company`s chief financial officer, Don Clarke, according to three sources who were part of the company`s management at the time. Clarke, promoted to CFO by Sidgmore after acting as the company`s controller, reported directly to Sidgmore and worked closely with him.

The sources said revenue was recognized at the unit -- and entered on the balance sheets -- before the money had come into the company. They said that in some instances, revenue from deals based on letters of intent was booked before the clients had signed contracts. Revenue for maintenance and service contracts was being recognized upfront rather than over the length of the contract, the sources said.

Expenses also were spread out over longer periods or allocated to various contracts, making the company look more profitable than it was, the sources said.

The accounting practices added tens of millions of dollars to Intelicom`s bottom line over a period of about 2 1/2 years, according to a high-level source at the company who had access to company balance sheets.

"There`s no doubt that they were very, very aggressively massaging the numbers," said another former company executive. One executive called CSC`s confidential hotline to report possible accounting irregularities.

In summer 1994, Clarke was pushed out because of the alleged accounting problems, according to the sources who worked in management.

But Clarke said in a recent interview that he resigned and that the company`s auditors had approved CSC Intelicom`s books.

Sidgmore said Clarke "wanted out because he was under fire from the company because they didn`t like the way he managed the cash situation."

"But there was absolutely nothing wrong with it," Sidgmore said. "The way we booked revenue was the way most software companies did it at the time. It just wasn`t the way they did it."

Sidgmore said revenue was occasionally booked on letters of intent but insisted those letters were legally binding. "Several audits were done by the head office, and we walked away clean," Sidgmore said.

Edward Soule, a professor of corporate ethics at Georgetown University, said letters of intent are not legally binding in any business. "There`s no justification for treating a letter of intent as a sale," Soule said. "If all you have is a letter of intent, you don`t have a sale."

CSC declined to comment on Clarke`s or Sidgmore`s tenure at the company or on the performance of CSC Intelicom. CSC ended up selling most of the unit within just a few years of purchasing it, laying off hundreds of people in the process.

Kevin Haggerty, who replaced Clarke as chief financial officer, said the division was shut down because "the software just wasn`t selling. Those products were failing in the marketplace."

Sidgmore said he thought CSC just "didn`t want to be in the software business."

Sidgmore left CSC soon after Clarke`s departure in 1994, taking over at UUNet, one of the nation`s first commercial Internet providers. At the time, the company had $6 million in revenue. Under Sidgmore, annual revenue there would grow to about $4 billion a year. UUNet staged a successful initial public offering on the Nasdaq Stock Market in May 1995, when the opening share price soared from $14 to $22.75.

During his UUNet days, Sidgmore showed his dealmaking savvy, persuading MFS Communications Co. to buy UUNet for $2 billion and then having a hand in WorldCom`s $14 billion purchase of MFS.

He also helped engineer a deal that gave Microsoft Corp. a 15 percent stake in UUNet, attracting a critical $12 million investment from the software giant and $100 million a year to pay for UUNet`s networking gear. "He was a total success at UUNet," said Barris, who recruited Sidgmore to UUNet after having worked with him at GE.

"He walked into a situation that was a great opportunity, where there was a great market emerging. But there are countless other examples of people who had those same opportunities and fouled them up terribly," Barris said. "John deserves a lot of credit for the success of UUNet. He did a masterful job."

Sidgmore may have won kudos for his business maneuvers, but his pronouncement in June 2000 that WorldCom was not profitable shocked investors. "It had the perception of being a spectacular success," said Scott Cleland, chief executive of the Precursor Group, an independent research company. "Operationally, it did carry the most traffic of any carrier. But it was not a success financially."

Sidgmore, described as fiercely loyal to his friends, has often lent a hand to friends` and colleagues` business ventures, raising money, refining business plans and acting as an adviser and mentor.

He advised venture capital firm New Enterprise Associates on communications services and hardware companies to invest in. He helped his former secretary Paula Jagemann launch eCommerce Industries Inc. while he was at WorldCom. He`s still the chairman of Vienna-based eCommerce Industries, a large provider of software to the office products industry.

"The company was his brainchild," Jagemann said. "Everyone wants John on their board, to participate as an adviser, even just as a sounding board."

In September 2000, MicroStrategy Inc. chief executive Michael Saylor asked Sidgmore, who already served on MicroStrategy`s board of directors, to help turn around a troubled division called Strategy.com. It proved to be an insurmountable challenge.

Investors at the time were shunning Strategy.com, a service that delivered news and information to individuals` computers and handheld devices. The dot-com boom had turned into a bust, and MicroStrategy was still wrestling with its own accounting troubles.

Only a few months earlier, the company was forced to restate inflated financial results for 1997, 1998 and 1999. It settled civil charges by the Securities and Exchange Commission for $11 million and class-action lawsuits filed by shareholders for about $55 million.

"It was really a coup to get someone like Sidgmore to sign on to Strategy.com," said Mark Bisnow, a former MicroStrategy executive. "We thought we could bathe in his reflected glory."

Nick Weir, president and CEO of Strategy.com, said Sidgmore did try to save the company.

"He was very instrumental in the company obtaining financing of $52 million from outside investors," Weir said. "He was very generous of his time, considering all the other commitments he had. But we were fighting a very, very tough current. It was the time that the entire Internet bubble burst."

A few days after the Sept. 11 terrorist attacks, Strategy.com was quietly shut down.

"My recommendation was to kill the business rather than waste any more money," Sidgmore said. "The money I raised wasn`t nearly enough."

Staff researcher Richard Drezen contributed to this report.



© 2002 The Washington Post Company

[sepracor]

Hallo Xoma,

wo hast du den den Artikel her, würde mich mal interessieren.
Danke. Wenn es stimmen würde,wäre das ja mal eine positive Nachricht.

[xoma]

Den habe ich vom Yahoo-Board:

FRIDAY`S GREAT NEWS -BLOMBERG ARTICLE
by: lennythegreat42
Long-Term Sentiment: Strong Buy 09/02/02 10:45 pm
Msg: 550431 of 550446

[sepracor]

Ist das auch glaubwürdig, oder ist das ungefähr so wie hier, siehe oben der erste Artikel?

[xoma]

Kannst ja mal direkt bei Blomberg schauen ! Der Artikel ist echt.

[sepracor]

Vielen Dank für deine Antwort, wie ist den die Internetadresse davon? Verstehe dann nur nicht, das so wenig Bewegung in der Aktie ist, nur mal 0,9% nach oben, das ist ja auch nicht grade viel. Bei solchen Nachrichten müßten doch mehr drin sein. Naja, der Tag ist ja noch lang.

[dosto]

wird in wenigen Wochen nach Abschluss der Masse an Gläubigerverhandlungen ch. 11 als saniertes Unternehmen verlassen.


mich laust der affe,
den witz will ich mal sehen, und wer dabei sein geld abschreibt.

[sepracor]

wie ich sehe, ist hier auch keine Einigkeit über die Informationen, der eine sagt so und der ander so.Muß man wohl abwarten.

[xoma]

Sorry für das `o` statt `oo`- http://www.bloomberg.com/

[TomSec]

Glaubt ihr diesen Mist?

Sollte dies wirklich so eintreffen, sehen wir uns bei 1 USD !

[sepracor]

Mir erscheint das auch etwas utopisch, wäre aber schön wenn es so wäre, man hört aber auch gar nichts, das mal ein Unternehmen verkauft wird oder andere Vorschläge zur Sanierung. Manchmal denke ich auch, die sitzten nur da und drehen Däumchen.

[xoma]

Hier also der Bloomberg-Artikel, den die Amis auch sehr heftig diskutieren. Ich jedenfalls glaube, dass die es schaffen werden, ist doch auch ein Politikum und die drehen bestimmt keine Däumchen, die Sanierung läuft auf Hochtouren mit den besten Beratern, die jetzt eingekauft wurden. 1$ ist keine Utopie, wenn das bis Januar klappt und alles spricht dafür, dann werden wir mind. 1$ haben.

http://quote.bloomberg.com/fgcgi.cgi?T=marketsquote99_news.h…

[xoma]

@TomSec - Wieso ist auf einmal ein seriöser Artikel Mist ?
Diese Haltung kann ich nicht verstehen, dann darf ich auch keine Tageszeitung mehr lesen.

[xoma]

Noch was Neues !

WorldCom Agrees to Pay Verizon $35 Mln, Discuss Disputed Debts
By Dana Cimilluca

New York, Sept. 3 (Bloomberg) -- WorldCom Inc., the telephone company that filed the biggest bankruptcy in July, agreed to pay $35 million owed to Verizon Communications Inc. in exchange for a billing and collection arrangement through 2003.

WorldCom, the second-biggest U.S. long-distance phone company, will present the accord tomorrow to U.S. Bankruptcy Court in New York for approval. The companies also will hold talks on more than $450 million that WorldCom owes Verizon, the nation`s biggest local-phone company, Verizon Associate General Counsel Jack White said in an interview.

Verizon collects fees from many of WorldCom`s residential customers who receive their local and long-distance calling charges on one bill. Before WorldCom`s bankruptcy filing, Verizon had withheld more than $300 million as WorldCom accumulated debt of more than $450 million to the company for services such as completing calls, said White.

The agreement to be proposed tomorrow would allow WorldCom to continue selling service to Verizon customers, White said. He expects approval. Verizon serves about 60 million phone lines.

Shares of New York-based Verizon today fell $1.64 to $29.36 in New York Stock Exchange composite trading.

Julie Moore, a spokeswoman for Clinton, Mississippi-based WorldCom, didn`t return a call seeking comment.

[dosto]

yep- logisch es geht los,

begründung: man siehts an den umsätzen, immerhin werden in letzter zeit 1 million dollar (am tag)in wcom aktien umgesetzt,
das zeigt doch ganz deutlich, daß hier was im busch ist, nämlich nix,
sollte der artikel nur annähernd was wahrheitliches haben,
dann wäre bestimmt auch schon irgendwas durchgesickert,
und soviele leute die dann diese 1 million $ allein in der lage wären zu stellen, na will mal sagen so stücker 20 kenne ich schon.

also mal nachdenken und umsatz beobachten,
ein gerücht geht um und keiner kauft, die sensation auf die
klein peterchen hofft.

wird sie kommen?

laßt euch ruhig weiterverscheißern, der club bringt das in jedem fall, vom anfing bis schließlich auch zum ende.

bye, bye ihr träumer,
werdet mal ein bißchen logisch.

[junkstro]

Latest Quote


Last: 0.131
High: 0.133
Low: 0.115
Open: 0.115
Change: +0.01
Volume: 19,017,700


Bid: 0.105
Ask: 0.200
Bid/Ask Size: 99,900 / 99,900


52 Wk High: 16.060
52 Wk Low: 0.001
%Change: 13.9%


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15:56:37 0.131 200 OTC BBS

[StocksResearch]

Good news...

vwd:WorldCom benötigt vorauss geringere DIP-Finanzierung als geplant



New York (vwd) - Die WorldCom Inc, Clinton, wird voraussichtlich eine
geringere Debtor-in-Possession-Finanzierung (DIP) in Anspruch nehmen müssen
als zunächst geplant. Urspünglich hatte WorldCom das Insolvenzgericht um
zwei Mrd USD ersucht. Ein weiterer Blick in die Finanzen des Unternehmen
habe jedoch ergeben, dass die Cash-Position besser sei als zunächst
angenommen. Daher werde sich WorldCom voraussichtlich um eine
Debtor-in-Possession-Finanzierung zwischen 1,25 Mrd und 1,5 Mrd USD bemühen,
teilte ein WorldCom-Sprecher am Dienstag mit.
vwd/DJ/3.9.2002/bb

[junkstro]

washingtonpost.com
U.S. Plans More WorldCom Charges
Former Executives Sullivan, Yates Plead Not Guilty to Fraud Counts

By Ben White
Washington Post Staff Writer
Thursday, September 5, 2002; Page E01


NEW YORK, Sept. 4 -- Federal prosecutors said today that they expect to file more charges and may target new defendants in their investigation into alleged accounting fraud at WorldCom Inc.

Prosecutors did not disclose the names of possible new targets, but legal experts and lawyers close to the case said they expect the government to make plea deals with lower-level employees to bring cases against top executives, including former chief executive Bernard J. Ebbers.

"The government is continuing its investigation and we do plan to supersede at some point, to add charges to the same scheme and to potentially add defendants," Assistant U.S. Attorney David D. Anders told U.S. District Judge Barbara S. Jones.

Anders spoke at the arraignment of former WorldCom chief financial officer Scott D. Sullivan and accounting executive Buford Yates Jr.

Sullivan and Yates were indicted by a grand jury last week on securities-fraud charges. Both pleaded not guilty at the brief hearing today. Sullivan remains free on a $10 million bond; Yates was released on a $500,000 bond. Yates`s attorney, David Schertler, told the judge that he would file a motion within 30 days asking for a change of venue to U.S. District Court in Mississippi, where WorldCom is based and where Yates lives.

Anders told the judge that he was preparing to turn over to defense lawyers 100 to 150 boxes of evidence seized in the case.

WorldCom filed the largest bankruptcy case in U.S history in July after disclosing that it falsely booked $3.9 billion in expenses over the past five quarters. Later, the company reported that it had mishandled $3.8 billion more, in the form of reserve accounts designed to cushion it from losses.

Through the U.S. attorney`s office in Manhattan, the Justice Department is trying to move swiftly in the WorldCom case. Legal experts said the government`s efforts are helped by the relative simplicity of WorldCom`s alleged fraud, compared with the byzantine financing arrangements in the collapse of energy trader Enron Corp. In the WorldCom case, the company said it fired Sullivan after he tried to defend the scheme.

WorldCom is the parent company of Arlington-based long-distance provider MCI and UUNet, the Ashburn Internet service provider that carries much of the world`s Internet traffic.

Prosecutors allege that Sullivan and Yates directed accounting department officials Betty L. Vinson and Troy M. Normand to commit fraud. Vinson and Normand were fired last week, according to WorldCom sources. The two, and former WorldCom controller David F. Myers, were named as unindicted co-conspirators in the case.

Myers surrendered to the FBI with Sullivan last month but was not indicted last week. Legal experts said that indicates prosecutors are satisfied with the information he is providing them about the case.

"Sullivan, Yates, and their co-conspirators were able to assure that WorldCom`s reported earnings exceeded its actual earnings for the period from October 2000 through April 2002 by approximately $5 billion," the government`s indictment said. "As Sullivan, Myers, Yates, Vinson, and Normand well knew, there was no justification in fact or under generally accepted accounting principles for these entries."

Court papers filed last week suggested that Myers, Vinson and Normand may soon plead guilty as part of a deal to cooperate with the government. Such a deal could increase pressure on Sullivan to cooperate with prosecutors and describe what role, if any, Ebbers played in the alleged accounting fraud. Ebbers`s attorney, Reid Weingarten, declined to comment today. He has said previously that Ebbers was unaware of any accounting irregularities.

Yates is discussing a possible guilty plea in return for his cooperation, but those talks remain in a preliminary stage, according to a source familiar with the discussions. A lawyer representing Vinson and Normand did not return a call for comment. Attorneys for Myers and Sullivan did not return calls. Anders declined to comment further on the government`s plans.

Jones did not set a trial date for Yates and Sullivan, noting the government`s plans to seek further indictments. She set Dec. 9 as a tentative date for the next preliminary hearing in the case.

Separately, WorldCom is seeking U.S. Bankruptcy Court approval to pay severance benefits to employees laid off before the bankruptcy filing. The company originally sought to pay up to $4,650 per dismissed employee. The court has already authorized the company to pay a total of $22 million. But in a filing late Tuesday, the company said it needed about $36 million to meet its obligations to 4,143 dismissed employees.

An official at the AFL-CIO, which has been advising laid-off WorldCom workers, said it was reviewing the filing and discussing it with workers and WorldCom officials. The AFL-CIO has been highly critical of the millions paid to WorldCom executives before the bankruptcy filing.

In its filing Tuesday, WorldCom said it had let go 19 executives with enhanced severance packages. Under the enhanced agreements, WorldCom would have paid the executives about $900,000. Before the Chapter 11 filing, the company paid them about $500,000 of that amount. WorldCom is now seeking to void the agreements. The company identified the recipients only as 19 vice presidents and senior vice presidents.



© 2002 The Washington Post Company

[xoma]

WorldCom Seeks to Increase Severance Payments, Dow Jones Says
By Anna Dubrovsky

New York, Sept. 4 (Bloomberg) -- WorldCom Inc., the second- biggest U.S. long-distance telephone company, asked a bankruptcy court for permission to increase severance payments to thousands of former employees, Dow Jones Newswires reported.

The company, which slashed 17,000 jobs in June, said in a court filing Tuesday that morale among existing employees would suffer if former workers were shortchanged, Dow Jones said. The plan to pay more severance would cost about $36 million, Dow Jones said, citing WorldCom.

Severance payments were capped at $4,650 after Clinton, Mississippi-based WorldCom filed the largest Chapter 11 bankruptcy in U.S. history in July, Dow Jones said. Some employees accused the company of trying to avoid paying former workers what they were promised, Dow Jones said.

WorldCom, which agreed to give some executives enhanced severance packages before the bankruptcy filing, now says their payments shouldn`t exceed standard company policy, Dow Jones said.

[xoma]

Worldcom erweitert globalem VPN Suite mit neuem Service und Zugang.

Sowas macht keine bankrotte Firma, es ist nur noch eine Frage der Zeit bis wir den 1$ haben.


WorldCom Expands Global VPN Suite With New Service and Access

Options

New Dedicated IP VPN, Remote Access-to-Frame Service and Ethernet and DSL
Connections Pump More Flexibility Into Business Networks



CLINTON, Miss., Sept. 4 /PRNewswire-FirstCall/ -- WorldCom (WCOEQ, MCWEQ), the leading global business data and Internet communications provider, today launched a comprehensive set of enhancements to its industry-leading suite of Global VPN Services -- recently named best in class by Network Magazine. The addition of a new IP VPN Dedicated solution, an IP VPN Remote Access-to-Frame service and high-speed Ethernet and DSL connections helps businesses to maximize their existing networks, support telecommuters and enhance productivity.
"There`s no such thing as a `one-size-fits-all` VPN," said Jim DeMerlis, WorldCom vice president of Product Management. "WorldCom continues to deliver the widest range of VPN solutions, enabling customers to capitalize on their existing network infrastructure while unlocking new business capabilities."

WorldCom Dedicated IP VPN Services

Extending WorldCom`s award-winning suite of managed IP VPN Services, the company is introducing a second dedicated VPN platform offering to provide a wider range of CPE-based IP VPN choices for its customers.

WorldCom`s latest VPN offering features state-of-the art routing and 3DES encrypting engines in a single platform to meet both public and private IP addressing requirements, while ensuring secure end-to-end performance. This new all-inclusive managed service is available immediately in the U.S. and includes customer-premise VPN device monitoring and maintenance as well as proactive network management via WorldCom`s Global VPN Network Operations Center.

The service also provides customers with a choice of intranet, extranet and hybrid configurations employing hub and spoke, fully meshed and partially meshed network architectures. Using any of these topologies, VPN modifications can be easily and quickly made by WorldCom`s expert technical staff via remote administration, eliminating costly and often time-consuming on-site visits.

The highly scalable service -- which runs over WorldCom`s industry-leading UUNET global IP network -- gives customers a broad range of access methods including shadow connectivity to ensure maximum business continuity. WorldCom Dedicated IP VPN service performance is guaranteed by some of the industry`s most stringent network performance metrics including latency and packet delivery.

Beginning next month, WorldCom will launch the service in Canada with plans for expansion into Europe and Asia Pacific. A companion IP VPN Remote Access solution -- offering anytime, anywhere connectivity -- will be available to U.S.-based companies in the fall of 2002.

IP VPN Remote Access-to-Frame Service

This new hybrid service allows telecommuters and mobile workers to gain secure access to existing or new frame relay networks via the UUNET global IP network, giving companies the best of both public and private networking solutions. Available immediately for U.S. companies, this fully managed service affords companies greater cost savings over toll-free dial and self-managed modem pool solutions by using local access numbers in more than 80 countries around the world. In addition, businesses benefit from a wide choice of access methods including DSL, dial, ISDN and cable, offering end users the best means of connecting to their frame relay network at any time, regardless of location.

Dedicated VPN Connections through DSL and Ethernet Access

Available immediately, WorldCom is extending its dedicated access options for VPN customers to include DSL and Ethernet capabilities. Both options give customers cost-effective solutions for high-speed, always-on Internet connectivity. Addressing the needs of high volume users and remote offices, DSL connections, at speeds up to 1 Mbps, are available in 31 markets nationwide. With the ability to transmit up to 40 Mbps of encrypted traffic, Ethernet services are ideal for businesses with high scalability, high speed VPN requirements. WorldCom Ethernet connections are available today in major metropolitan markets including New York, Chicago, Dallas, San Francisco, San Jose, and Washington, D.C.

[dosto]

die jetzigen shareholder von worldcom sind bankrott und bleiben das auch.

die firma ist noch nicht bankrott und kann überleben.

allerdings die shareholder werden das nicht überleben.

verstehst du das?, das sind zweierlei stiefel

[PanikAlfred]

@dosto
Was laberst Du nur für einen Müll.
Zieh Dir mal ne Chiquita rein und überlege, was ich Dir damit sagen will.

[junkstro]

Two Former WorldCom Executives Plead Not Guilty

Sep 05, 2002 (Chicago Tribune - Knight Ridder/Tribune Business News via COMTEX) -- The probe into the financial misdeeds at WorldCom Inc. appears to be widening after federal prosecutors told a Manhattan court Wednesday that they may indict more former executives.

The news came as Scott Sullivan, WorldCom`s former chief financial officer, pleaded not guilty on Wednesday to charges that he wrongly accounted for billions of dollars in expenses. Accounting executive Buford Yates Jr. also pleaded not guilty to the securities fraud charges.

Assistant U.S. Atty. David Anders told U.S. District Judge Barbara Jones at the arraignment that he plans to bring another indictment in the case.

"The government is continuing its investigation, and we do plan to supersede at some point, to add charges to the same scheme and to potentially add defendants," Anders said after Jones asked if he was prepared to set a trial date. A pretrial hearing was scheduled for Dec. 9.

WorldCom--which owns MCI, the nation`s No. 2 long-distance telephone company--became the biggest bankruptcy in U.S. history on July 21 when it filed for court protection, owing more than $41 billion in debts.

Anders` latest statement is likely to intensify the pressure on WorldCom executives to tell what they know about the role that former Chief Executive Bernard Ebbers played in the alleged scheme to inflate the telecom giant`s earnings. WorldCom hid more than $7 billion in operating expenses.

Anders said federal prosecutors were in plea negotiations with David Myers, WorldCom`s former controller. Myers was arrested last month along with Sullivan on a criminal complaint, but he has not been indicted.

Jones freed Myers on a $2 million personal recognizance bond.

Sullivan is free on $10 million bail, while Yates, who was making his first court appearance Wednesday, was released on a $500,000 bond.

Sullivan and Yates were named last week in a seven-count indictment charging each of them with single counts of securities fraud and conspiracy to commit securities fraud. It also charges them with five counts of making false filings with the Securities and Exchange Commission.

The indictment alleges that the defendants orchestrated an illegal scheme that began in October 2000 and ended in June aimed at hiding expenses, thereby inflating WorldCom earnings to meet Wall Street expectations.

The conspiracy count carries a possible maximum five-year prison term and a $250,000 fine, while the securities fraud and false filings charges each carry a possible maximum term of 10 years and a $1 million fine.

When prosecutors announced the indictments last week, they also implicated Myers and two other WorldCom accounting executives as co-conspirators.

Anders said Wednesday that he expected the trial to last three to four weeks, but the judge did not set a date because of a government request for additional time to bring fresh charges. The federal prosecutor added that he was about to turn over to defense lawyers 100 to 150 boxes of evidence seized in the case.

Meanwhile, a separate federal bankruptcy court on Wednesday approved a new service deal for WorldCom with Verizon Communications.

Under the arrangement, WorldCom will pay Verizon $34.5 million in debt, and a billing agreement will be extended through 2003.

Local phone company Verizon had billed and collected charges for about 2 million WorldCom long-distance customers, but WorldCom fell behind on the fees it paid Verizon for the service.

Their contract was set to expire on Sept. 10, but the companies agreed to settle the unpaid debt and extend the contract until Dec. 31, 2003.

Tribune wire services contributed to this report.

By Delroy Alexander
To see more of the Chicago Tribune, or to subscribe to the newspaper, go to www.chicago.tribune.com/


(c) 2002, Chicago Tribune. Distributed by Knight Ridder/Tribune Business News.

-0-

@dosto



warten wir`s doch ab ,ok? Latest Quote


Last: 0.129
Close: 0.137
High: 0.150
Low: 0.100
Open: 0.133
Change: -0.01
Volume: 18,717,300


Bid: 0.100
Ask: 1.340
Bid/Ask Size: 99,900 / 99,900


52 Wk High: 16.060
52 Wk Low: 0.001
%Change: 3.0%


Market Cap: N/A
Price/Sales: N/A
EPS: $0.00
P/E Ratio: N/A


Quotes provided by S&P Comstock
09/05/02 - 4:50 p.m. Eastern -- No Quote Delay.

Last 10 trades


Time Price Volume Exchange Info


16:46:27 0.129 300 OTC BBS
16:46:27 0.129 300 OTC BBS
16:17:17 0.132 50000 OTC BBS
16:15:43 0.137 1800 OTC BBS
16:06:48 0.134 1000000 OTC BBS
16:04:44 0.131 1000 OTC BBS
16:00:47 0.133 5000 OTC BBS
16:00:12 0.133 5000 OTC BBS
15:59:49 0.137 2500 OTC BBS
15:59:41 0.132 1100 OTC BBS

[neuerporsche]

Gute Worldcom News stehen vor der Tür!Das wird uns wieder Kurse von 0,25 bis 0,35 bringen!
mfg neuerporsche

[dosto]

danke alfi

nur gewöhnlich werden hier für richtige männer
bei uns -maiskolben- bevorzugt.

bananen sind zu little für unser a----löcher-
die werden für zur exportnutzung nach europa versandt.

[dosto]

danke alfi

nur gewöhnlich werden hier für richtige männer
bei uns -maiskolben- bevorzugt.

bananen sind zu little für unser a----löcher-
die werden für zur exportnutzung nach europa versandt.

[dosto]

hey leute es sieht gut aus.
habe mir mal die tagescharts angeschaut.

so unter dem motto

gibst du mir nen penny- geb ich dir nen penny.

heißer markt
mit heißen investoren

little red roster

[sepracor]

hoffe das es bald mal wieder nach oben geht, wir dümpeln auch als um ein cent hoch oder unter, noch nicht mal ein cent, sondern nur 0,001. Ob das jemals noch mal was gibt?

[junkstro]

WorldCom Announces Its Post-Restructuring Management Plan

CLINTON, Miss., Sep 10, 2002 /PRNewswire-FirstCall via COMTEX/ -- WorldCom, Inc. (WCOEQ, MCWEQ) today announced its first steps toward a post-restructuring management structure. WorldCom, through it`s President and Chief Executive Officer John Sidgmore, today formally announced it is actively seeking a permanent chief executive officer for the company. Mr. Sidgmore always intended for his appointment in April 2002 to be an interim solution in response to the swift departure of WorldCom`s former CEO. When Mr. Sidgmore was appointed as CEO, his charter was to turn around a great company and to restructure its financial position. Mr. Sidgmore had always intended to bring the company to a point of stability and to hire a new CEO.

Mr. Sidgmore will remain in his current position as president and CEO until a successor can be retained, which the company believes can be accomplished in an accelerated timeframe. At that time Mr. Sidgmore will return to his role as vice chairman. Bert Roberts will continue in his role as Chairman of the Board.

"I have concluded that having moved WorldCom through the initial phase of the bankruptcy process now is the appropriate time for the company to initiate a search for a long-term CEO," said Sidgmore. "By returning to my vice chairman role, after the search is complete, I, along with Bert Roberts will be able to remain active in a strategic capacity while our new CEO manages the day-to-day operations of the company and the overall bankruptcy process."

Members of the company`s Board of Directors, including Mr. Sidgmore and Mr. Roberts, will lead the executive search. The Official Committee of Unsecured Creditors will also actively participate in the process. As part of this process, WorldCom will retain a preeminent executive recruiting firm to assist in the search for a new president and CEO.

Additionally, WorldCom has been adding highly qualified members to its Board of Directors and will continue to seek additional members who bring a diverse set of skills to its existing Board. C.B. Rogers, Jr., former CEO of Equifax, Inc. was elected to the WorldCom Board on August 29, 2002.

The company remains on track to restructure and emerge from Chapter 11 protection in mid-2003. Both the Board of Directors and the Creditors Committee support the search process and the new management approach.

Over the past three months, the company has continued to make progress, obtaining financing commitments, adding new Board members, appointing a new chief financial officer and a chief restructuring officer, and developing a plan to emerge from Chapter 11 in a timely fashion.

The management team remains focused on customer and employee communications. The transition to a new management team will be seamless to its employees and more than 20 million worldwide customers. The executive search will be swift and should help WorldCom emerge more quickly from Chapter 11 as a healthy, viable entity.

[junkstro]

ftd.de, Mi, 11.9.2002, 8:02
Worldcom sucht neuen Konzernchef

Der Vorstandsvorsitzende des bankrotten US-Telekommunikationskonzerns Worldcom, John Sidgmore, will von seinem Amt zurücktreten. Die Suche nach einem neuen Konzernchef, der das Konkursverfahren abwickeln soll, hat begonnen.

Sidgmore sagte am Dienstag in Jackson im US-Staat Mississippi, er wolle seinen Posten zur Verfügung stellen, sobald ein geeigneter permanenter Nachfolger gefunden sei. Sidgmore hatte das Amt des Vorstandsvorsitzenden im April auf Interimsbasis von Unternehmensgründer Bernie Ebbers übernommen. Worldcom hatte Ende Juli Konkurs angemeldet, nachdem bekannt geworden war, dass das Unternehmen Verluste in Milliardenhöhe verschleierte. Sidgmore sagte, er wolle sein frühere Amt als Worldcom-Verwaltungsratsvorsitzender wieder übernehmen.

Die Gesellschaft will Mitte nächsten Jahres aus dem Konkursverfahren heraus kommen, teilte Worldcom am Dienstag nach Börsenschluss mit. Den langjährigen Ex-Konzernchef Bernie Ebbers hatte Sidgmore abgelöst, nachdem Ebbers auf Druck der Aktionäre und Gläubiger aus dem Vorstand ausgeschieden war. Bert Roberts soll Vorsitzender des Aufsichtsgremiums bleiben. Die beiden wollen strategisch bei Worldcom mitwirken, während der neue Unternehmenschef die Tagesgeschäfte führen und das Konkursverfahren abwickeln soll. Der Konzern teilte außerdem mit, dass C. B. Rogers Jr., der frühere Chef der Firma Equifax, zum Mitglied des Worldcom-Verwaltungsrates gewählt wurde.



Management-Suchfirma beauftragt


Die Suche nach einem neuen Worldcom-Firmenchef soll auf beschleunigter Basis erfolgen. Mitglieder des Verwaltungsrates, darunter Sidgmore und Roberts, werden die Suche leiten. Der Ausschuss der ungesicherten Gläubiger werde ebenfalls aktiv teilnehmen. Worldcom hat auch eine Management-Suchfirma beauftragt.


Worldcom ist die zweitgrößte amerikanische Ferngesprächsgesellschaft und der weltgrößte Internet-Netzwerkbetreiber. Die Gesellschaft hatte im Juli Konkurs im Rahmen des Kapitel Elf des US-Konkursrechtes angemeldet. Ein solches Konkursverfahren erlaubt die Weiterführung der Geschäfte und einen Sanierungsversuch unter Aufsicht des Konkursrichters.



Aktionärsklagen laufen


Das Telekommunikationsunternehmen hatte Falschbuchungen von 7,2 Mrd. $ zugegeben. Aufsichtsbehörden und der Kongress prüfen die Geschäfte. Zudem laufen zahlreiche Aktionärsklagen. Der ehemalige Finanzchef Scott Sullivan ist bereits im Zusammenhang mit dem Buchführungsskandal angeklagt worden.



© 2002 Financial Times Deutschland

[junkstro]

good news ?


Dow Jones Business News
WorldCom Seen Combing Respected Corporate Executives for CEO Hire
Tuesday September 10, 8:38 pm ET

By Christine Nuzum and Lingling Wei


Dow Jones Newswires
NEW YORK -- As WorldCom Inc. begins its search for a new chief executive to replace John Sidgmore, many observers of the company expect a respected veteran of the business world to eventually fill the post.

ADVERTISEMENT


WorldCom has recently turned to the restructuring industry to fill high- profile posts. The company, which filed for Chapter 11 protection in July, has already brought in a chief restructuring officer, Gregory F. Rayburn, and a new chief financial officer, John S. Dubel. Both are principals with AlixPartners LLC, a corporate-restructuring and turnaround firm.

Last month, the Justice Department appointed former U.S. Attorney General Richard Thornburgh as independent examiner in the WorldCom case.

With a statesman and two restructuring executives already in place, lawyers and creditors say the business world, in telecommunications and beyond, is the next domain to comb.

"An experienced, retired businessman with impeccable credentials would be an interesting balance," said Chester Salomon, an attorney who has provided advice to WorldCom creditors and is representing one company in a dispute with the telecommunications giant. "Until last week, somebody might have nominated Jack Welch," he added, referring to General Electric Co.`s (GE) retired chief executive whose luster as corporate icon has faded since his lavish retirement perks were recently revealed in a divorce filing.

WorldCom may choose a telecommunications veteran "with a more conservative management style," suggested Matthew Breckenridge, vice president of research of DebtTraders, a high-yield and distressed bond dealer who has been closely following WorldCom`s bankruptcy proceedings.

Others, including Third Avenue Management LLC analyst Brandon Strazl, don`t see telecommunications experience as a prerequisite.

"I think an executive rather than a restructuring expert is the right way to do it," said Mr. Strazl. Third Avenue Management has about $300 million in WorldCom bonds at face value. Mr. Strazl hopes the company can be rebuilt with its core businesses intact, as Mr. Sidgmore had envisioned, but added that, " Sidgmore, for whatever skills he had, was probably not the right guy to do that."

WorldCom creditors, particularly bank lenders with unsecured claims totaling $ 2.7 billion, are said to have been calling for Mr. Sidgmore`s resignation from the CEO post and arguing WorldCom needs leadership not tainted by the company`s accounting scandal.

Mr. Sidgmore, who requested that the board begin to search for a replacement, will remain president and chief executive until a successor is found. Mr. Sidgmore took over as CEO on April 30, after his predecessor, Bernard Ebbers, was forced out amid controversy surrounding a $366 million personal loan from the company. Since then, WorldCom has filed for bankruptcy protection after disclosing that it improperly booked $7.2 billion in expenses. The scandal has landed former Chief Financial Officer Scott Sullivan and other executives in federal court on charges of fraud.

Mr. Sidgmore became vice chairman of WorldCom in 1996 after a pair of acquisitions led the company he headed, UUNet, to be absorbed by WorldCom. He will help other board members head the search for a new CEO and plans to return to his role as vice chairman after his replacement is found.

Salomon said that Mr. Sidgmore may have chosen to move aside because, after the appointment of the restructuring officer and the new CFO, his role may have been sharply diminished. When a company is in bankruptcy protection, a CEO often has less power as various constituencies negotiate the company`s future.

WorldCom said that the creditors` committee will actively participate in the search and that it will hire a "pre-eminent" executive recruiting firm to assist in the process.

Lawyers for the creditors committee and for WorldCom couldn`t be reached for comment.

-Christine Nuzum; Dow Jones Newswires; 201-938-5172; and Lingling Wei; Dow Jones Newswires; 201-938-2089

[junkstro]

WorldCom looks for new chief Bankrupt telecom officially launches search for Sidgmore`s replacement.
September 11, 2002: 7:18 AM EDT

NEW YORK (CNN/Money) - WorldCom Inc. has formally launched a search for a new chief executive as the bankrupt telecommunications company struggles with investigations into its accounting and attempts to reorganize, a newspaper reported Wednesday.

Top candidates for the job include Edward Mueller, a former chief executive of Ameritech, a unit of SBC Communications (SBC: Research, Estimates), and Ronald LeMay, a high-level executive at Sprint Corp., (FON: Research, Estimates) the New York Times reported, citing people involved in the search process.

The board`s decision Tuesday reinforces a CEO search that informally began several weeks ago because current CEO John Sidgmore has lost the support of most of the creditors committee, which effectively controls WorldCom, people close to the company told the paper.

Sidgmore, who succeeded Bernard Ebbers in late April after Ebbers was ousted, will lead the search along with Bert Roberts, WorldCom`s chairman. The creditors, which have already contacted several potential candidates, will continue to be involved in the process.

Sidgmore said he expected a new chief executive to be appointed by the end of the year as part of WorldCom`s overall plan to emerge from bankruptcy by next March. He will remain vice chairman to help present customers with an image of stability and continuity, according to the report.

People at SBC Communications headquarters have known for several days that Mueller is a potential candidate to succeed Sidgmore. Mueller, who resigned from SBC last March, is a telecom veteran who formerly served as CEO of Southwestern Bell and Pacific Bell.

An SBC spokesman declined comment to the Times.

Another potential candidate, Dick Brown, is the CEO of Electronic Data Systems, which manages computer systems. He has already been approached about the job, but declined and suggested alternative candidates, the paper reported.

LeMay, the president and chief operating officer of long distance provider Sprint, told the Times Tuesday that he was not open to the WorldCom job.

Separately, WorldCom`s board took no action on whether to reverse the severance package it handed Ebbers before his April departure.

Ebbers walked away with a low-interest $408 million loan and a pension of about $1.5 million a year before leaving the company. About two months after he left WorldCom disclosed that it had improperly booked $3.8 billion in expenses, a figure it later raised to more than $7 billion.

The disclosure eventually led to the company`s bankruptcy and the matter remains under investigation by the Securities and Exchange Commission and the Justice Department.

Ebbers, who has not been charged, has told Congressional investigators that he has done nothing wrong.

However, former Chief Financial Officer Scott Sullivan has been indicted for helping orchestrate the accounting irregularities along with another executive, Buford Yates.








Find this article at:
http://money.cnn.com/2002/09/11/news/companies/worldcom/inde…

[HMHM]

n-tv:

Mittwoch, 11. September 2002
Vakante Stelle
Worldcom sucht neuen Chef

Den Vorstandsposten ausgerechnet bei jenem Unternehmen zu bekleiden, das den größten Bilanzskandal aller Zeiten verursacht hat, ist schwer. Offenbar zu schwer für John Sidgmore, der im April 2002 die Nachfolge von Worldcom-Chef Bernie Ebbers übernommen hatte.

Wie Worldcom nun mitteilte, ist man auf der Suche nach einem permanenten Chef. Sobald dieser gefunden sei, werde Sidgmore wieder seinen ursprünglichen Posten als Worldcom-Verwaltungsratsvorsitzender übernehmen, hieß es.

Gut, mag man da denken. Sidgmore hatte den Posten schließlich nur auf Interimsbasis übernommen, da ist es nicht ungewöhnlich, dass nun ein Nachfolger gesucht wird - gleiches geschieht ja derzeit auch bei der Deutschen Telekom. Die Begleitumstände lassen jedoch vermuten, dass der Rückzug des Worldcom-Chefs doch schneller als geplant in die Wege geleitet wurde.

Wie das "Wall Street Journal" wissen will, stellt Sidgmore seinen Posten nicht freiwillig zur Verfügung. Sidgmore sei von einigen Vorstandskollegen für den schnellen Bankrott von Worldcom verantwortlich gemacht und zum Rücktritt aufgefordert worden, schreibt die Zeitung. Die Verhandlungen bei dem Konkursverfahren seien brutal gewesen, zitierte das "Wall Street Journal" den Konzernchef. Bei einer weniger aggressiven Stimmung in Vorstand und Aufsichtsrat hätte er noch länger als Chef zur Verfügung gestanden, so Sidgmore.

Und in der Tat kündigte Worldcom an, die Suche nach einem neuen Vorstand beschleunigen zu wollen. Diese ist dabei generalstabsmäßig organisiert. Mitglieder des Verwaltungsrates, darunter Sidgmore und Aufsichtsratschef Bert Roberts werden die Suche nach dem richtigen Kandidaten leiten. Aber auch der Ausschuss der ungesicherten Gläubiger sowie eine Management-Suchfirma werden sich beteiligen.

Nachdem Worldcom Falschbuchungen in Höhe von 7,2 Mrd. Dollar eingeräumt hatte, hatte der Konzern im Juli mit einer Schuldenlast von 41 Mrd. Dollar Antrag auf Gläubigerschutz nach Kapitel 11 eingereicht. Mittlerweile wird das Unternehmen von den Aufsichtsbehörden und vom Kongress untersucht. Der ehemalige Finanzchef Scott Sullivan ist bereits im Zusammenhang mit dem Bilanzskandal angeklagt worden.

[dosto]

wieviele shares braucht man,
um bei einem gewinn von 0.001 cent,
nen porsche rauszuholen?

[junkstro]

die meldung vom rückzug des ceo wird gut aufgenommen ,

Latest Quote


Last: 0.135
High: 0.135
Low: 0.100
Open: 0.125
Change: +0.00
Volume: 5,352,900


Bid: 0.100
Ask: 0.135
Bid/Ask Size: 99,900 / 99,900


52 Wk High: 16.060
52 Wk Low: 0.001
%Change: 7.1%


Market Cap: N/A
Price/Sales: N/A
EPS: $0.00
P/E Ratio: N/A


Quotes provided by S&P Comstock
09/11/02 - 11:57 a.m. Eastern -- No Quote Delay.

Last 10 trades


Time Price Volume Exchange Info


11:57:12 0.135 25000 OTC BBS at Ask
11:57:03 0.135 2000 OTC BBS at Ask
11:57:00 0.134 2500 OTC BBS
11:57:59 0.135 30000 OTC BBS at Ask
11:57:48 0.135 100 OTC BBS at Ask
11:56:09 0.135 900 OTC BBS at Ask
11:56:00 0.135 1000 OTC BBS at Ask
11:56:57 0.135 5000 OTC BBS at Ask
11:56:57 0.135 10700 OTC BBS
11:56:52 0.133 69300 OTC BBS

[neuerporsche]

sieht gut aus und unser schmaler Freund "donnerpower" wird bald diesen Kursen nachweinen.

[neuerporsche]

PARDON DONNERPOWER,ich meinte unseren schmalen Freund DOSTO, der an allem rummäkelt und selbst sowieso nur im schmalen Hemd dasteht!
gruss vom neuen auto

[donnerpower]

und unser schmaler Freund "donnerpower" wird bald diesen Kursen nachweinen

Bitte um Erklärung Schwachmatt!!!

[donnerpower]

9 Sec.

[dosto]

schwacherporsche

nette grafik die du da reingedrückt hast,
es zeugt von deiner umnachtung, wie soll ich mit diesem chart geld machen, sag mir wie das geht, ich würde gerne von dir lernen

[dosto]

also wenn ich heute 100.000 shares gehabt hätte,
dann hätte ich heute doch glatt 700 $ profit minus spesen
gemacht, vorausgesetzt mein broker hätte alle zusammenfügen können, wahrscheinlich hätten sich die aber auf 150 $ aufgelaufen brutto.
ich hab da noch nen alten benz, porscheleinchen, baujahr
1964, den kannst du als zweitwagen von mir dann kaufen, wenn du wieder wcom geld gemacht hast, dachte so an 45.000 euros, gargengepflegt.
für dich mach ich das gegen vorauskasse.

[neuerporsche]

Oh welch garstig Wort! Gemach, gemach. Aber mal unter uns Pfarrerstöchtern, mein schmaler Freund DOSTO, 550 $ pro Tag verdienst Du sicherlich nicht in Deinem Job als Nachtwächter! Also lass Dein Gesicht zu und verunsicher nicht immer die liebe Zockergemeinde hier! Insbesondere deshalb, weil Dein Hemd sowieso zu kurz geraten ist und Du dich zum Zocken gar nicht traust, sondern nur heisse, ausgeatmete Luft verbreitest.
Gute Nacht mein schmaler Freund

[Bernardo]

Wer kommt für Sidgemore??
Sidgemore Zielvorstellungen waren klar: Kerngeschäft erhalten und Chapter 11 verlassen.
Die Gläubiger-Banken werden m.E. versuchen einen genehmen CEO in Position zu bringen, um WCOEQ zu sezieren!

[junkstro]

kann sein muss aber nicht so kommen ; immerhin haben einige instis grosse aktienpakete , ebenso wie eine riesige menge amerikanischer kleinanleger (pensionsabsicherung ?)
diese obengenannten auszubooten wird sich wohl keine regierung aufladen ....das siganl für die anleger wäre verheerend...

das leichte ansteigen von kurs und volumen spricht für eine positve aufnahme des marktes über die pläne einen neuen "unbelasteten" ceo zu installieren .

we will see

mfg

js

[dosto]

550$ am tag,
das ist zu wenig, ich bin auch kein kleriker, sondern feudaler adel,
bei uns nennt man das apanage, und 550 am tag sind zu wenig.

deine zockerqualitäten sind mir noch nicht aufgefallen,
aber wir können ja mal täglich ne party mit 550 euro am tag
machen, mal sehen wie lange du am tisch sitzen wirst,
hast du schon ein hemd, mein hemd darf durchaus kurz sein, mein arsch ist knackig.
wie siehts mit deinem aus, porschezerquetscht?

[Bernardo]

@ junkstro -- waren die pro Argumente beim Enron case nicht ähnlich?

[junkstro]

mag sein das es parallelen gibt zw wco und enron, trotzdem nicht wirklich vergleichbar, man wird die genauen sanierungspläne und die entscheidung von judge gonzales abwarten müssen, als zeitpunkt wurde ursprünglich q1/2003
genannt , mittlerweile ist die sprachregelung "erstes halbjahr " 2003 , ein anzeichen für langwierige verhandlungen zwischen allen betroffenen .....


.WorldCom Director Urged to Leave
Watchdog Alleges Impropriety in Leasing of Corporate Jet

By Christopher Stern
Washington Post Staff Writer
Friday, September 13, 2002; Page E01



A court-appointed monitor has recommended that a member of WorldCom Inc.`s board of directors repay the company at least $1.4 million for his personal use of a corporate jet and to give up his seat on the board.

Richard C. Breeden, a former chairman of the Securities and Exchange Commission, made the recommendation to the WorldCom board earlier this week. Breeden argued in a Sept. 6 memo that director Stiles A. Kellett Jr. failed to disclose an unusual arrangement that allowed him to lease a WorldCom corporate jet for $1 a month plus operating expenses.

Breeden told WorldCom`s board this week that the true value of the lease was between $1.4 million and $3.4 million. Although Breeden`s discussion with the board had been reported, details of the memo had not been disclosed. Breeden declined to comment.

Whether Kellett steps down, Breeden`s efforts to oust a board member demonstrate that he intends to take an exceptionally active role, according to several bankruptcy and fraud experts, as well as individuals directly involved with the company.

"This kind of role is highly unusual," said Randal C. Picker, a professor of law at the University of Chicago. "I can`t tell you of another situation like this."

Breeden was appointed by U.S. District Judge Jed S. Rakoff, who is presiding over the fraud case the SEC brought against WorldCom. In June, the SEC charged WorldCom with defrauding investors after the company revealed it had improperly accounted for $3.9 billion in expenses. The company has since announced that it has found a total of $7.7 billion in improper accounting.

One person involved with WorldCom said Breeden has in effect become Rakoff`s surrogate within the company. In addition to attending board meetings, he is reviewing contracts the company enters into.

During a hearing last month, Rakoff raised questions about the revelations that Kellett had an agreement to lease the jet at favorable rates during the same period that Bernard J. Ebbers, founder and former chairman of WorldCom, was securing huge loans from the company.

"Why is this gentleman still on the board?" Rakoff asked about Kellett. Less than two weeks later, Breeden recommended to WorldCom`s board that it seek Kellett`s resignation.

At the heart of Breeden`s case against Kellett is that the aircraft lease was not disclosed to other board members, and that it was put in place during a period when Kellett`s compensation committee approved hundreds of millions of dollars in loans and $8 million in salary to Ebbers.

"During the terms of the lease, the committee approved actual payments of more than $415 million," Breeden wrote in his memo to the board. "Since there is no plausible explanation for the gift to Kellett, it is reasonable to surmise that Ebbers gave the plane to Kellett either as a reward for his compensation, including the loans, or as a secret inducement for further compensation."

Ebbers was forced out of the company in April after he failed to make good on his promise to put up personal collateral for the loans.

Kellett played a key role in approving the loans and formulating Ebbers`s severance package, which would pay the former chief executive $7.5 million over five years. Breeden is also seeking to have the severance package revoked, arguing that Kellett benefited from the aircraft lease during the period the severance package was formulated.

The board declined during its meeting earlier this week to ask for Kellett`s resignation and instead gave him until Oct. 3. to respond to Breeden`s accusations. Stuart Pierson, an attorney for Kellett, rebutted Breeden`s claims yesterday.

"Breeden`s facts are wrong, his conclusions are wrong, his recommendations are wrong," Pierson said.

He said other board members were involved in discussions about Ebbers`s loans and severance package, and they also approved the deals. He also took issue with Breeden`s estimate of the value of the lease, calling it too high, and he noted that Kellett paid $400 for each hour the plane was in flight, in addition to the $1 per month. He also paid for the cost of fuel, insurance, maintenance and the crew. The lease also required that Kellett allow other employees to use the plane.

In his memo, Breeden said other employees used the jet on only five occasions. He said that the operating costs had to be paid by Kellett because the company was not licensed to provide charter services.

It is not clear whether Kellett can be forced to resign. Sources close to Kellett say he cannot be forced out without a shareholder vote. But some legal experts disagreed, saying Rakoff could force Kellett to step down.

Other sources say that Kellett may be reluctant to step down in part because it could make him a target of shareholder lawsuits claiming he personally participated in the alleged fraud at the company. In addition, Kellett could lose the directors` liability insurance provided by WorldCom, according to Cynthia L. Richson, director of corporate governance for the State of Wisconsin Investment Board.

Breeden estimates that the plane itself, a Falcon 20F-5, was worth approximately $7 million during the life of the lease, although its value has diminished between 15 and 30 precent since the lease began in June of last year. There is an offer to buy the plane for $5.8 million, according to Breeden`s memo to the board.

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WorldCom Makes Deal to Sell MCI Headquarters

By Yuki Noguchi
Washington Post Staff Writer
Saturday, September 14, 2002; Page E03


WorldCom Inc. asked a bankruptcy judge yesterday to approve the $101.4 million sale of its MCI division headquarters in Pentagon City, as the company tries to raise cash to pay back creditors.

WorldCom, which filed for bankruptcy protection in July, has laid off hundreds of workers in its two 12-story Pentagon City offices, the headquarters of the second-largest long-distance telephone company in the United States. WorldCom marketed the property and negotiated a deal with Tishman Speyer Properties LP, the company said in papers filed yesterday in U.S bankruptcy court in New York.

Remaining employees and operations moved to the company`s million-square-foot campus in Ashburn last month, company sources said. Real estate sources who had considered purchasing both 240,000-square-foot buildings said Tishman plans to lease the property to the Department of Defense.

WorldCom spokesman Peter Lucht and a spokesman for Tishman both declined to comment.

In another filing, WorldCom asked a judge to let it out of a contract to buy $81 million a year in advertising on AOL Time Warner Inc.`s media properties.

WorldCom said the agreement with AOL Time Warner would require WorldCom to buy more advertising than it needs and would allocate the ads over AOL Time Warner media "in a manner that is not favorable." The agreement runs through 2004.

Clinton, Miss.-based WorldCom is trying to reorganize under bankruptcy protection and has been selling assets to help repay more than $41 billion owed to creditors as a result of accounting errors.

The company said it received 16 bids for the Pentagon City property in June. New York-based Tishman made the best offer, and WorldCom negotiated the sale the following month, the filing said.

A hearing on the proposed sale is scheduled for Oct. 29 in federal bankruptcy court in Manhattan. The sale is scheduled to close 11 days after WorldCom gains court approval, according to the filing.

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http://quotes.nasdaq.com/quote.dll?page=charting&mode=basics…

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0,34 $ Tageshöchstkurs

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käufer war wohl neuer porsche

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Press Release Source: MCI Group


MCI Gives Florida Consumers One More Reason to Join the Neighborhood
But Regulators Still Have More Work To Do to Promote Competition
Tuesday September 17, 9:56 am ET


ARLINGTON, Va., Sept. 17 /PRNewswire-FirstCall/ -- Sunshine State consumers have even more reason to choose The Neighborhood built by MCI(SM), as their "any-distance" telephone service provider thanks to a pro-competitive vote by Florida regulators. MCI announced today it will lower its rates for The Neighborhood in many parts of the state -- in part due to the approval by the Florida Public Service Commission of lower rates for wholesale access to the monopoly BellSouth network.



"Consumers are the real winners here," said Wayne E. Huyard, President of MCI Mass Markets. "By starting to tear down the barriers to telephone choice that still exist more than six years after the federal Telecom Act became law, Florida regulators are beginning to make it possible to offer The Neighborhood to consumers at an even more attractive price. But the commission still has more to do to ensure a fully competitive telecommunications marketplace in Florida."

In the next few months, the rate for service`s flagship offering -- The Neighborhood Complete -- will be reduced in many parts of Florida to $55.99 a month. Customers in other areas of the state will continue to enjoy the same low price of $49.99 a month. This change is dependent on BellSouth implementing without delay the Commission`s decision to adjust rates.

Additional Regulatory Action Needed

While Florida regulators have taken a positive step forward, more work remains to be done before every Floridian can choose The Neighborhood, Huyard warned. The Neighborhood continues to receive a very positive response from consumers across the nation in areas where it`s available, but there are still many places where consumers lack any choice in local service, he said.

"Because the wholesale network access rates in many parts of Florida remain far too high, we are still unable to reach a large portion of the state`s consumers," Huyard said.

Currently, Florida is the only state where the Neighborhood Complete is offered on a two-tiered pricing structure -- a direct result of the high rates competitors must pay BellSouth to lease portions of the public phone network. Although the commission recently lowered some rates, regulators must lower the wholesale rates even further. In particular, the commission through a focused effort should voluntarily examine the cost of switching and related elements with an eye toward implementing flat-rate switching.

The Neighborhood is the communications industry`s first credible threat to the local phone monopolies` lock on the consumer calling market because it is the only enterprise to truly offer a fully integrated service across the country. With The Neighborhood now available in 36 states and the District of Columbia, MCI is the first communications company to truly fulfill the vision of the "any-distance" future outlined by the Telecommunications Act of 1996.

The Neighborhood frees callers from the constraints of per-minute rates, time-of-day restrictions and unnecessary boundaries between local and long- distance service. Consumers who select Neighborhood Complete will enjoy the convenience of a single company and a single invoice for all home phone service, the most popular calling features -- Caller ID, Call Waiting, Voicemail, Three-Way Calling, and Speed Dial -- and the ability to take advantage of free partner reward benefits, such as frequent flyer miles or movie video rentals. The entire U.S. effectively becomes one local calling area and the entire country becomes one neighborhood.

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Wall Street Journal: WorldCom Judge extends deadline a year on leases

Sep 18, 2002, (Wall Street Journal /FT Information via COMTEX) -- Federal bankruptcy Judge Arthur Gonzalez has allowed a one-year extension of the deadline for failed telecommunications giant WorldCom Inc. to decide on its real-estate leases. WorldCom owns and leases over 8.4 million square feet of industrial and office space across America. Although WorldCom has 15,000 leases outstanding, the company has the option to abandon them and avoid payments for the rest of the term following its decision in July to file for bankruptcy-court protection.

Abstracted from: The Wall St Journal (US Edition)



Copyright 2002: Financial Times Information. All rights reserved

-0-

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WorldCom Says Restatements Won`t Hinder Restructuring (Update3)
By Jeff St.Onge

Ashburn, Virginia, Sept. 19 (Bloomberg) -- WorldCom Inc.`s chief restructuring officer said financial restatements won`t adversely affect the telephone company`s ability to reorganize and emerge from bankruptcy.

``The earnings restatements have no real connection to our ongoing business, our reorganization or our viability,`` said Greg Rayburn, hired by WorldCom to help lead the company through its Chapter 11 filing. ``It`s not like we`re a retailer that found $100 million in inventory missing. The restatements never had a cash impact on WorldCom.``

WorldCom in July filed the biggest-ever Chapter 11 case after revealing it hid $3.85 billion in costs to inflate sales. The Clinton, Mississippi-based company later disclosed an additional $3 billion of accounting errors, bringing the total restatement to about $7 billion.

WorldCom may add another $2 billion in restatements, the Wall Street Journal said, citing people close to the matter.

Rayburn, in an interview from his Ashburn, Virginia, office, wouldn`t confirm the $2 billion restatement or whether the company would further restate past results. He said he`s more concerned with WorldCom`s future.

``Reorganization is very much a forward-looking exercise,`` Rayburn said. Nothing in the past ``will affect our products and services and how we deliver them.``

Recovery Plan

Negative public relations might be WorldCom`s biggest problem if it discloses further accounting problems, a bankruptcy expert said.

``An earnings restatement could shake the confidence of employees, customers and suppliers,`` said Peter Chapman, of Bankruptcy Creditors Service Inc. ``Otherwise it won`t have any impact on WorldCom`s ability to emerge from Chapter 11.``

WorldCom, the second-largest U.S. long-distance phone company, hopes to file a bankruptcy recovery plan by March 31 with creditors getting shares in the reorganized company.

WorldCom doesn`t plan to sell major assets during bankruptcy reorganization, Rayburn said. Those assets include the MCI long- distance business and the Uunet data and Internet service.

Creditors might not recover as much of the more than $41 billion they`re owed as a result of the earnings restatements, said Patrick Murphy, a San Francisco bankruptcy lawyer.

``What WorldCom is worth is a function of how much cash it throws off`` today and in the future, said Murphy. ``The restatements won`t force a liquidation. The question is the size of the pie and what people believe it to be.``

SkyTel

WorldCom may sell parts of its SkyTel paging business, its MMDS fixed-wireless service and interests in overseas telephone network operations, including those in Japan and Latin America, Rayburn said. WorldCom`s largest asset sales probably will be real estate the company owns or leases, Rayburn said.

Brad Burns, a WorldCom spokesman, declined to comment on whether the company would announce another financial restatement.

WorldCom said in a statement on Aug.8, when it announced the $3 billion in additional misstated expenses, that ``additional amounts of improperly reported`` earnings before interest, taxes, depreciation and amortization and pretax income ``may be discovered and announced.``

KPMG LLP replaced Arthur Andersen LLP as WorldCom`s auditor in May. A federal grand jury has indicted former Chief Financial Officer Scott Sullivan in the scandal. He has pleaded not guilty.

WorldCom is searching for a replacement for John Sidgmore, who took over when WorldCom founder and former CEO Bernard Ebbers quit under pressure in April. Rayburn said WorldCom will hire a firm to find a new top executive within the next several days.

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WorldCom creditor committee says has been working amicably with CEO, chairman

Van Greenfield of Blue River LLP and Mark Neporent of Cerberus Capital Management, LP, co-chairmen of the Official Committee of Unsecured Creditors of WorldCom Inc said the group has been working harmoniously with the bankrupt company`s chairman Bert Roberts Jr and chief executive John Sidgmore.

© AFX News


Story filed: 21:31 Friday 20th September 2002

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Business Digest

--------------------------------------------------------------------------------
Originally published September 21, 2002



Annapolis company to be consultant in WorldCom case
WorldCom Inc.`s creditors committee has hired FTI Consulting Inc. of Annapolis to examine the bankrupt telecommunications company`s financial statements, the committee`s attorney said yesterday.

FTI, a consultant to companies in bankruptcy and creditors, will provide forensic accounting services to the committee in connection with WorldCom`s financial records, said attorney Daniel Golden. WorldCom filed the biggest-ever Chapter 11 case in July after revealing it hid $3.85 billion in costs. The company later disclosed an additional $3 billion in accounting errors, bringing the total restatement to about $7 billion.

FTI officials didn`t return phone calls yesterday seeking comment and WorldCom spokesman Brad Burns wouldn`t comment. In July, FTI acquired the bankruptcy-services business of PricewaterhouseCoopers LLP, the world`s largest accounting firm, for about $230 million in cash and stock.

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der vollständikeit halber noch die big 15 :

The banks, bond holders and companies to whom WorldCom owes $41 billion gathered in New York to form a creditors committee to speak for them during the bankruptcy process. Sidgmore and Rayburn attended the meeting.

The court named a 15-member committee whose members are AOL Time Warner, Electronic Data Systems, Metropolitan Life Insurance Co., New York Life Investment Management, Deutsche Bank, ABN Amro Bank, Metropolitan West Asset Management, Cerberus Capital Management, Blue River, ESL Investments, GSC Partners, Wilmington Trust Co., Law Debenture Corporate Services, Elliott Management Corp. and SunTrust Banks.

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Creditors Want Own Probe of WorldCom
Panel Seeks Permission To Hire Accountants









WorldCom Inc.`s creditors committee has asked a bankruptcy judge for permission to hire its own specialists to review the company`s scandal-plagued bookkeeping.

The committee, which includes 15 creditors, will focus on WorldCom`s accounting for dozens of acquisitions, including the merger with Arlington-based MCI Group Inc. in 1998. Because WorldCom sought protection from its creditors, a federal bankruptcy judge must approve every major expenditure, such as the creditors` request to hire a forensic accountant.

There is growing concern among creditors who own MCI bonds that WorldCom may have improperly categorized assets that should be attributed to the Arlington-based long-distance company. MCI bonds continue to trade at higher values than WorldCom bonds because of the belief that the long-distance division would be worth more than the rest of WorldCom on the open market.

"We want to know what assets belong to which company and what liabilities belong to which company," said Daniel Golden, a lawyer who represents the creditors committee. The creditors also want to be assured that any transfers of assets were handled properly.

David Rosner, a lawyer who represents MCI bondholders, said he had hired a forensic accountant more than a month ago. "We want to make sure that MCI bondholders get the full value of their investment," he said.

WorldCom filed for bankruptcy in July after reporting that it improperly accounted for billions of dollars. So far, the nation`s second-largest long-distance company has acknowledged improperly accounting for $7.7 billion. But its internal review is not yet complete, and some analysts expect the final tally to top $10 billion.

The creditors notified the court this week that they plan to hire Annapolis-based FTI Consulting to review WorldCom`s books. FTI provides accounting and litigation services for companies in bankruptcy.

Meanwhile, the creditors issued a statement yesterday denying recent reports that there is increased tension between them and WorldCom`s current management, including chief executive John W. Sidgmore and Chairman Bert C. Roberts Jr. A statement posted on behalf of the creditors on WorldCom`s Web site read: "The Committee has been working harmoniously and amicably with John Sidgmore and Bert Roberts and the Company`s management and professionals in connection with the Company`s reorganization."

Sources close to the creditors said tensions eased considerably this month after Sidgmore agreed to step down by year-end. Sidgmore has also agreed to work with the creditors committee in the search for his replacement.

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Spencer Stuart Likely to Lead Search for New WorldCom CEO
Updated: Monday, September 23, 2002 00:24 AM ET

WorldCom Inc. (WCOEQ, news) is expected to announce this week that it has hired Spencer Stuart to find a permanent successor for its ousted Chief Executive Bernard J. Ebbers, Monday`s Wall Street Journal reported.



The telecom concern, operating under Chapter 11 bankruptcy protection, is willing to consider an outsider to the telecommunications industry as long as the person can steer the company through bankruptcy and manage what could essentially be a $30 billion start-up afterward, one person close to the situation says.

But Spencer Stuart, which recently found a new leader for troubled Tyco International Ltd. in less than two months, may need longer than that to fill the top WorldCom. job.

Few potential prospects have experience at running a major company during and after a bankruptcy filing. The successful candidate likely will insist on being given both the chairman and CEO titles. It is unclear what roles John Sidgmore, who succeeded Mr. Ebbers as CEO about four months ago, and Chairman Bert C. Roberts Jr. will play after a new leader is named, and some creditors have exerted pressure on them since the Chapter 11 filing. On Friday, however, the co-chairmen of WorldCom`s creditors committee, who are taking an active role in the search, expressed their support for Mr. Roberts and Mr. Sidgmore, denying that there is any tension between them and the committee.

The successful pick may well be a senior statesman who already has made plenty of money but still wants to make a mark in the telecom industry. Because it`s in bankruptcy, WorldCom can`t offer publicly traded stock or stock options.

The creditors` involvement in the process could be a complicating factor. Some creditors belatedly insisted, for instance, on hearing several search firms` pitch for the assignment after board members already had done so last week. Members of the creditors committee likely will have a major voice in the selection and compensation of the new chief executive, too. WorldCom may end up "asking a lot of people" before it completes the search, the informed person adds.

Meanwhile, in a continuing review of its past accounting procedures, WorldCom has turned up several questionable items that could expand its $7 billion restatement, according to people familiar with the matter.

The problematic accounting could require a $2 billion or more revision of its financial results, these people say. That figure is said to be "fluid" and could change over the next several weeks as WorldCom`s accountants scrutinize the company`s books to prepare for financial disclosures, which will include as much as a $50 billion write-down of goodwill and other intangible assets.

Wall Street Journal Staff Reporters Joanne S. Lublin and Jared Sandberg contributed to this report.

Copyright 2002 Dow Jones & Company, Inc.

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WorldCom Asks Court to Clear $150 Million Surety Deal With AIG Unit

NEW YORK, Sep 23, 2002, (A. M. Best via COMTEX) -- WorldCom Inc. said it would seek a federal bankruptcy judge`s consent to enter a surety-bond agreement with a subsidiary of American International Group Inc. (NYSE:AIG) that would allow the failed telecommunications company to meet obligations under some of its contracts.

The agreement would allow AIG`s Insurance Company of the State of Pennsylvania to issue as much as $150 million in surety bonds per year, allowing WorldCom to meet some of its current contract obligations while the telecom company works its way through Chapter 11 bankruptcy proceedings. An Oct. 1 hearing on the surety-bond transaction is scheduled before Judge Arthur Gonzalez of the U.S. Bankruptcy Court for the Southern District of New York in Manhattan.

In a court filing, WorldCom said some of its surety bonds have expired, while others have or will be terminated by the issuers. "In particular, Chubb Group of Insurance Cos. (NYSE:CB), from whom the debtors had obtained the majority of their bonds, has sent 189 notices of cancellation and/or termination of their bonds," WorldCom said in its filing. "If Chubb`s attempted termination is effective, the debtors do not currently have a bonding facility in place to replace these bonds, and would, therefore, be in default under numerous agreements and contracts."

If it can`t replace those surety-bond facilities, WorldCom said it would be "effectively shut out" of government contracts and other business opportunities that would generate revenue. "Without the proposed bonding facility, the debtors could be in default on contracts that generate in excess of $2 billion of revenue" per year, WorldCom said. In addition to preserving that revenue, WorldCom said AIG`s surety facility could help it to generate an additional $500 million to $1 billion in new business.

According to WorldCom`s filing, the key terms of the AIG surety agreement include:

-- Execution of an indemnity agreement by WorldCom and any subsidiaries or affiliates named as principal on any bonds issued by AIG;

-- A premium rate of 2% of the bond amount fully earned for performance bonds, and 1.5% of the bond amount per year for permit bonds; and

-- Collateral equal to 100% of the bond amounts to be posted in cash or an irrevocable letter of credit, with bankruptcy court approval. WorldCom said it intends to secure the facility solely with letters of credit.

Efforts to reach spokespeople for both AIG and Chubb for further comment were unsuccessful.

Once one of the world`s largest companies and a darling of the now-ailing telecom industry, Clinton, Miss.-based WorldCom began its collapse in June, after announcing it had uncovered accounting irregularities that would force it to restate all of its earnings for 2002 and 2001, taking about $3.8 billion off its books (BestWire, June 26, 2002). In early August, WorldCom said an additional $3.3 billion in corrections to its statements would be necessary.

NASDAQ officials halted trading in WorldCom`s stock June 26, with a share price of 83 cents. The stock, which opened the year at just under $15, was trading as high as $96.75 in June 1999. The company`s news jolted equity markets in Europe and the United States that had been jittery for the entire first half of 2002 after the collapse of energy trader Enron Corp. and the related demise of Enron`s auditor, Arthur Andersen. A rash of corporate financial scandals in the United States has contributed to the steady weakening of equity markets.

WorldCom`s woes put an estimated $7.3 billion in insurance-industry investments at risk, mostly in the form of corporate bonds, according to A.M. Best Co. data (BestWeek, July 1, 2002). In addition, insurance issues such as the validity of surety bonds and the application of directors and officers policies, in light of the complex legal questions left by WorldCom`s collapse, remain to be resolved (BestWire, July 1, 2002).

American International Group, Insurance Company of the State of Pennsylvania and Chubb Group of Insurance Cos. all are rated A++ (Superior) by A.M. Best Co. AIG`s stock was trading at $55.02 a share on the afternoon of Sept. 23, down 2.36% from the previous close. Chubb`s stock was trading at $57.80 a share, down 0.94%.


(By David Pilla, senior associate editor, BestWeek: [e-mail])

David Pilla


Copyright (C) 2002 by A. M. Best Company, Inc.

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WorldCom Restructuring Chief Rayburn Comments on Reorganization
By Jeff St.Onge

Ashburn, Virginia, Sept. 23 (Bloomberg) -- WorldCom Inc. chief restructuring officer Greg Rayburn comments in an interview Thursday on the telecommunications company`s Chapter 11 reorganization.

Clinton, Mississippi-based WorldCom filed the biggest bankruptcy in history in July after revealing it hid $3.85 billion in costs to inflate sales. The second-biggest U.S. long-distance phone company later disclosed an additional $3 billion of accounting errors. WorldCom hired Rayburn, a partner at turnaround consulting firm AlixPartners LLC, in late July to help lead it through the reorganization.

``We have an ongoing internal investigation as well as the several external investigations into the historical accounting treatment.``

``It`s pretty clear that whether we had accounting treatments that we think should either be corrected in the current period or whether they should be corrected in prior periods is something that is still alive as an issue.``

``From a business unit standpoint we`re going to keep all the core business lines.``

``We also have interests in various small pieces of our business around the globe. There`s no taking all our non-core assets to shut off the business because we`re pretty intent on keeping all of the voice, data and IP services for our global customers.``

``For example, we have fiber in the ground in Japan. And I think that`s not something that we have found to be as successful as the company hoped it would be initially. So while we still maintain the end services to our global customers there, we`ll just do that through local carriers. We don`t need to own that in- ground network. So we`ll probably seek to sell that.``

``The dial-up (Internet) business is a huge part of our product offering, so it isn`t something we plan to get out of. That`s to say we won`t be seeking to renegotiate our contracts with the Regional Bell Operating Companies and the cost side of that equation to make that business more valuable.``

``Relations with customers are good. I`ve met personally with a large number of our global accounts and participated with John Sidgmore on a number of conference calls. Those meetings have been very productive and I think the customers first and foremost will be quick to say they`re happy with the products and services. They just want some assurance the network is going to be there and stay there.``

``If you really look at the business and what it`s been through, it`s already been through the most wrenching aspects of what it would have to deal with. Our employee count is down some 30 percent this year through layoffs and cost controls. We have had a turnover of the CEO and the CFO. We`ve had multiple investigations and large accounting restatements. Yet at not one moment has the network gone down.``

``The reorganization hasn`t touched WorldCom`s goldmine, which is its world-class network.``

``There`s never been a recommendation or suggestion from our creditors` committee that the company should somehow be broken up and sold.``

``We`ve made a lot of progress in the last 30 days getting our hands around our cash position, and our cash needs, and our funding requirements going forward. We as a company are in a lot better position with respect to viability on that. The reality today is we have $600 million cash in the bank.``

``So while we have a $750 million (credit) line, and we originally contemplated something like a $2 billion line, we don`t need it. And we haven`t tapped into the 750 and haven`t been at all, and I don`t expect we will tap into that line in the calendar year 2003.``

``We have a pretty aggressive goal internally of filing a plan by March 31.``

Latest Quote


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WorldCom: US-Gericht genehmigt Vertrag mit Verizon Newssuche
WKN / Symbol / Stichwort




Nach dem Urteil eines US-Insolvenzgerichts wird die Telefongesellschaft WorldCom Inc. der Verizon Communications Inc. 34,5 Mio. Dollar über Schulden zurückzahlen, wobei ein Zahlungsabkommen bis Ende 2003 verlängert wird.

Da WorldCom unter Gläubigerschutz steht und über die Nutzung von Verizon-Leitungen angefallene Gebühren für zwei Millionen seiner Kunden nicht sofort begleichen kann, wurde der Zahlungsvertrag nun bis zum 31. Dezember 2003 verlängert.

Die zweitgrößte US-Telefongesellschaft für Fernverbindungen, die am 21. Juli Antrag auf Gläubigerschutz gestellt hat, geht davon aus, sich im ersten Quartal 2003 aus diesem befreien zu können.

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September 26, 2002
Plea Expected in Investigation of WorldCom
By KURT EICHENWALD


David F. Myers, the former controller for WorldCom, is expected to plead guilty as early as today on two felony counts stemming from the multibillion-dollar accounting scandal that pushed the company into bankruptcy, people involved in the case said yesterday.

The guilty plea — the first in the WorldCom case — has been expected for several weeks. Last month, Mr. Myers reached a preliminary agreement to cooperate with investigators and enter a plea. Since then, his lawyers have been negotiating the deal`s final terms. Lawyers for Mr. Myers did not return phone calls yesterday.

Mr. Myers is expected to be a central witness in the criminal trial of Scott D. Sullivan, WorldCom`s former chief financial officer, who has been identified by both the government and the company as the principal architect of the accounting maneuvers that exploded in scandal in June.

At that point, both Mr. Sullivan and Mr. Myers were fired. The company said they had inflated profits by improperly accounting for $3.8 billion in expenses; that announcement quickly pushed WorldCom into bankruptcy. Then, earlier this month, WorldCom lifted the dollar value of the improper accounting to $7.1 billion, raising further concern about the company`s hopes to emerge from bankruptcy protection by next year.

Mr. Myers and Mr. Sullivan were arrested in August in the case, but from the beginning Mr. Myers appeared to have the weakest defense. That is because he admitted during his interviews with internal WorldCom investigators that he had known the accounting decisions that had been made had not been proper — thus making it easy for prosecutors to prove his intent to commit a crime. Mr. Sullivan has steadfastly maintained from the beginning that he did not believe that he had been engaged in any wrongdoing.

Mr. Myers, who has been identified in court records as participating in most every aspect of the accounting efforts, is expected to be the central witness now against Mr. Sullivan and a co-defendant, Buford Yates Jr., the former director of general accounting. Other executives cooperating with the inquiry are Betty L. Vinson and Troy M. Normand, who were also employees in WorldCom`s general accounting department. Those two executives and Mr. Myers were all named as unindicted co-conspirators in the charges against Mr. Sullivan and Mr. Yates.



Copyright The New York Times Company

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WorldCom Needs Less Financing





Oct. 1
— By Ilaina Jonas

NEW YORK (Reuters) - Telecommunications company WorldCom Inc. <WCOEQ.PK> on Tuesday said it had $1 billion in cash, five times more than it said it had when it filed the largest bankruptcy in U.S. history in July.

WorldCom has $800 million in cash in the United States and $200 million abroad, WorldCom attorney Marcia Goldstein said, speaking at a hearing before Judge Arthur Gonzalez of the U.S. Bankruptcy Court of the Southern District of New York.

On Aug. 14, the company had slightly more than $300 million, she said.

"This money represents post-petitions collections," she said, referring to money the company has collected since filing for bankruptcy in July. "We do not have to pay any outstanding pre-petition debts."

Bankruptcy effectively wipes out most of a company`s debt, leaving it to continue to collect bills from customers while paying out only those it incurs after its filing.

"Bankruptcy is kind of a wonderful thing in the beginning days for a company because you don`t have to pay any of your old bills," said David Adler, a bankruptcy attorney who does not represent WorldCom. "For the first couple of weeks, months sometimes, you just build up this hoard of cash."

When it filed for bankruptcy on July 21, amid charges of accounting abuse, the company said it had $200 million in cash and $30 billion in debts.

Goldstein also said that the company plans to ask the court next week to approve financing that would allow it to draw down funds totaling between $1.25 billion and $1.50 billion. That amount includes $750 million in the debtor-in-possession financing that Gonzalez approved in July. Debtor-in-possession loans allow a company to continue operating while it reorganizes after it declares bankruptcy.

The amount would be at least a half a billion dollars less than the company originally said it would need.

"The $750 million is a submitted loan but we haven`t used it," Goldstein told Reuters.

WorldCom hasn`t spent any of the $750 million, she said, except for using about $150 million as collateral for $150 million worth of letters of credit.


Copyright 2002 Reuters News Service.

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Tuesday October 1, 2002 @ 5:31 PM EDT

DEMOTED: COO Ron Beaumont has been demoted and Jonathan Crane is back in the fold doing a job that can best be described as that of a COO. Here`s the memo from WorldCom CEO John Sidgmore:

Date: Tue, 01 Oct 2002
From: John Sidgmore
Subject: Organization Announcement

To: All WorldCom Employees Worldwide

I am pleased to announce that Jonathan Crane has rejoined the company as president, sales and service. Jonathan will have responsibility for U.S. Sales, Global Accounts, Customer Service, and Business Marketing. He will report directly to me. Ron Beaumont has agreed to take on a new and pressing challenge within the company. Effective immediately, he will be President, Strategy and Business Development. For the time being, International, under Ed Tagg, will report directly to me.

Both Ron and Jonathan will announce details of their new organizations in the near future. Please join me in congratulating them and in pledging our utmost cooperation as they take on their new assignments.

[junkstro]

October 2, 2002
WorldCom to Pay More to Ex-Workers
ByTHE ASSOCIATED PRESS


n a move intended to shore up the morale of its workers, WorldCom received court approval yesterday to pay $36 million in severance benefits to some laid-off employees.

The ruling, in United States Bankruptcy Court in Manhattan, also permits WorldCom to retract $1.4 million in severance settlements promised to 19 laid-off executives before the company filed for reorganization as a multibillion-dollar accounting scandal unwound.

In lieu of the settlements, the 19 executives will receive the same severance package as the rank-and-file workers: up to 26 weeks of salary and benefits.

The court decision permits 4,000 laid-off workers to receive an average of $9,000 each to supplement the $4,650 WorldCom already paid.

In the four months before filing for bankruptcy protection on July 21, WorldCom laid off or said it would lay off 12,800 people. The company has since said it will raise the total to 17,000.

In the hearing, WorldCom`s lawyer, Marcia Goldstein, urged Judge Arthur Gonzalez to approve the payments, which, she said, would permit WorldCom to "restore the confidence of its employees, whose cooperation and continued loyalty are essential."

It is unclear whether WorldCom will offer or the court will approve identical severance payments to other former workers. Lawyers for all creditors but one, Broadwing, agreed to WorldCom`s severance proposal.

[neuerporsche]

Hört sich hervorragend an!
Wir werden nun noch ein paar zehntausend aktien ordern, damit unser einstiegskurs im mittel auf 0,12 cent fällt. Und dann... um mit Goethe zu sprechen: "Warte nur balde...."
werden wir wieder schöne Kurse ab 0.25 aufwärts sehen.

[gallio]

Börse Berlin

Umsatz Kurs Zeit
- - - 0,110 15:13:45
- - - 0,090 15:13:45
- - - 0,090 15:13:32
- - - 0,110 15:13:32
- - 62.849 0,900 15:13:31
- - - 0,110 11:27:04
- - - 0,090 11:27:04
- - 1.000 0,100 11:27:02
- - 1.000 0,000 11:27:02

Hoffentlich kommt der 0,90er da nochmal raus!

[junkstro]

Top N.Y. Aide Seeks WorldCom Data

ALBANY, N.Y., Oct 03, 2002 (AP Online via COMTEX) -- New York Comptroller H. Carl McCall, leading a shareholder lawsuit against WorldCom Inc., is seeking copies of all documents the telecommunications giant has given government officials and private investigators.
A hearing on the request, submitted Wednesday in U.S. Bankruptcy Court in Manhattan, is set for Oct. 29.

McCall needs permission from the bankruptcy judge handling WorldCom`s case before he can submit the request in U.S. District Court, for the class action civil suit, McCall spokesman Jeffrey Gordon said.

The motion asks for copies of all documents provided to federal agencies, such as the Securities and Exchange Commission and Justice Department, produced by the company`s own investigators and transcribed from congressional depositions.

WorldCom spokeswoman Julie Moore declined to comment, citing company policy against discussing pending litigation.

McCall filed papers July 2 to lead the shareholder lawsuit against WorldCom, some of its officers and its accounting firm, Arthur Andersen LLC. The action followed a $300 million loss for the $105 billion state pension fund on WorldCom holdings, its largest loss ever.

McCall is the sole trustee of the state and local government pension fund, which covers about 1 million current and future public employee retirees.

U.S. District Judge Denise Cote appointed New York`s pension fund the lawsuit`s lead plaintiff in mid-August.

An Arthur Andersen spokesman did not immediately return a request for comment.

WorldCom declared the largest Chapter 11 bankruptcy in U.S. history July 21, after officials admitted the company hid more than $3.8 billion in expenses during 2001 and the first quarter of 2002.

Since then, WorldCom officials have revised the amount of accounting improprieties up to $7.1 billion.

---

On the Net:


By SEANNA ADCOX Associated Press Writer


Copyright 2002 Associated Press, All rights reserved

[junkstro]

GUESSING FOLLOWS WORLDCOM MOVE

By BEN SILVERMAN
--------------------------------------------------------------------------------




October 7, 2002 --
DotcomScoop.com

WHEN WorldCom Chief Operating Officer Ron Beaumont was demoted last week, it sent shivers down the spines of some at the company who say WorldCom`s executive ranks will be shaken up again soon.

"This is the beginning of the end for certain people," a WorldCom executive, speaking on the condition of anonymity, told The Post.

Beaumont`s demotion was no surprise to many who say the reappearance of former Senior Vice President of Global Accounts Jonathan Crane at WorldCom signaled the COO`s demise.

Crane, just weeks after resigning from the company, was named president, sales and service.

Crane`s job description, as outlined by CEO John Sidgmore in a company memo dated Oct. 1 and obtained by The Post, is suspiciously similar to that of a COO.

"[Crane] lost the first battle and won the war," another WorldCom executive said. "If he doesn`t swing an ax at some of the executives in sales, it will be a huge disappointment and a bad sign."

Beaumont has become the subject of federal investigators, who believe he may know something about WorldCom`s accounting problems. According to published reports, Beaumont received loans from former WorldCom CEO Bernie Ebbers.

"It`s obvious that the creditors committee wanted [Beaumont] out and, for whatever reason, he wasn`t willing to just leave the company.

"[Beaumont`s] is just too close everything, he should be gone," a third WorldCom executive said.

WorldCom says the move was a simple organizational restructuring, and he added that it doesn`t comment on speculation about personnel moves.

"Our CEO John Sidgmore has restructured the organization to get the right people into the right positions. Ron`s new position is part of that restructuring," a spokesperson for the company told The Post.

*

[Duetta]

Hat schon jemand mitgekriegt das Worldcom 890 % gestiegen ist?Leider nur ganz kurz,leider.mfg

[Duetta]

Sind woll alle noch im Urlaub heute....

[junkstro]

PHILADELPHIA, Oct 7 (Reuters) - The recent infighting and power struggles among WorldCom Inc. (Nasdaq:WCOEQ - News) board members may be for naught since the telephone company`s creditors are expected to replace the board when the company emerges from bankruptcy, sources close to the company said.
ADVERTISEMENT


The creditors` committee "will strip it clean. Few, if any (current board members), will be there in the end," one source said. "Why would you want any of the old regime there?"

Eight of WorldCom`s current 11 board members were at the helm when the No. 2 U.S. long-distance telephone company improperly booked at least $7.68 billion in earnings and expenses, and provided $408 million in personal loans and lucrative pension benefits to former Chief Executive Bernie Ebbers.

"You need to bring folks on the board that give the public a sense of comfort on what`s coming on next," said Charles Elson, chairman of the Center for Corporate Governance at the University of Delaware.

"You would pretty much replace the whole board, and the creditors would appoint a different caliber and breed of director -- those who are truly independent and who bring financial and restructuring expertise," Elson said.

WorldCom, the bankrupt telephone and data services company at the center of regulatory and criminal investigations, said it recently added three new members to strengthen its board but it declined to speculate on future changes. A representative of the creditors` committee did not immediately return calls seeking comment.

[junkstro]

zwar nur peanuts , aber immerhin


08.10.2002 / 16:57
WorldCom darf Werbevertrag kündigen

WorldCom Inc (Nasdaq: WCOM, WKN: 881477): Einem Gerichtsbeschluss zufolge darf der bankrotte Telekom-Konzern WorldCom einen mit AOL Time Warner geschlossenen Werbevertrag über 182,25 Millionen US-Dollar kündigen. Allerdings soll das Unternehmen für die bis heute bereits erfolgte Vermarktung von Produkten und Services einen Betrag von zwei Millionen US-Dollar entrichten.
WorldCom hat im Juli dieses Jahres nach Bilanzierungsfehlern in Höhe von 3,85 Milliarden US-Dollar Gläubigerschutz nach dem US-Konkursgesetz Chapter 11 beantragt. Bereits einen Monat später sind weitere Buchungsfehler in Höhe von 3,1 Mrd. US-Dollar bekannt geworden. Derzeit versuchen Sanierungsexperten, den mit mehr als 41 Milliarden US-Dollar verschuldeten Konzern zu restrukturieren. (aet)

[

[junkstro]

WorldCom Can Pay Legal Fees

NEW YORK, Oct 08, 2002 (AP Online via COMTEX) -- WorldCom Inc., eager to carry on its business while it restructures under bankruptcy protection, on Tuesday won court approval to pay its employees and certain officers for some legal bills.

The coverage includes suits involving property damage, personal injury and employment disputes, as well as company officers sued over negligence, securities or pension law violations. None of them are involved in any criminal cases, according to the company`s court filing.

In addition, Clinton, Miss.-based WorldCom will hire lawyers for the eight staffers who have been called upon by government investigators probing the company`s practices. WorldCom said the "non-target witnesses" need legal counsel to guide them through the investigative process.

Judge Arthur Gonzalez of Manhattan`s U.S. Bankruptcy Court for the Southern District of New York granted WorldCom`s request for the legal payout in view of its role in maintaining the company`s "ordinary course of business."

The nation`s second-largest long-distance carrier sought Chapter 11 protection in July in the largest such case ever. While under bankruptcy protection, the company needs court approval for every major expenditure.

WorldCom`s motion to foot the legal bills for its employees was consented by both its creditors and the court-appointed monitor in the civil suit brought by the Securities and Exchange Commission against the company.

Like many corporations, WorldCom not only routinely covers its employees` defense costs arising from work-related lawsuits, but also buys directors` and officers`, or D&O, insurance to protect executives and board members against personal liability for corporate misdeeds.

Such insurance, which usually does not cover fraud, pays officers` legal bills and any settlements or judgments if they are shown to have been negligent.

WorldCom`s bankruptcy filing, however, complicates its efforts in collecting the D&O insurance. The insurer, which is not named by WorldCom, "is currently improperly refusing to honor its obligations to pay the cost to defend" the civil lawsuits for its officers, the company said in court papers.

Thus, WorldCom offered to advance the legal payments for them until the dispute with its insurer gets resolved, probably in the next 50 days as a lawyer representing the creditors` committee told the judge.



Copyright 2002 Associated Press, All rights reserved

-0-

APO Priority=r APO Category=1310

[xoma]

Bis März wird es geschafft sein, es läuft alles nach Plan ! Die Analysten sind noch verhalten. In diesem Jahr ein Minus von 17%.

Company officials also said they are on track to file a plan to emerge from bankruptcy early in 2003.


By Christopher Stern
Washington Post Staff Writer
Tuesday, October 8, 2002; Page E01

WorldCom Inc.`s board is scheduled to meet this morning, but it will be Richard C. Breeden, a court-appointed corporate monitor, and not the company`s top executives, who is likely to control the agenda.

Breeden has taken an extraordinarily active role at the company during the past several months. Today the board plans to consider his demand that it fire one of its members, Stiles Kellett Jr., sources said. Breeden has accused Kellett, a longtime WorldCom director, of entering a secret agreement to lease a corporate jet from the company for $1 a month.

Next week, the company is slated to submit a plan to a federal bankruptcy court to pay key executives a retention package. Under Breeden`s influence, the total package was sharply reduced. Instead of distributing $40 million to 140 people, the company is now proposing to give $25 million to 320 people, with no one person getting more than $125,000. Eight top executives will no longer be eligible to receive anything.

Breeden, who declined to comment on his role, has emerged as a key decision maker at a time when the company`s management is in transition. The current chief executive, John W. Sidgmore, agreed to step down under pressure from the company`s creditors. A successor isn`t likely to be named until the end of the year, sources said. Many of the company`s day-to-day decisions are being made by a chief restructuring officer, Greg Rayburn, who is expected to leave the company when it emerges from bankruptcy.

One source familiar with Breeden`s influence characterized him as "second CEO," who has become involved in virtually every aspect of the company`s business. Breeden was appointed to monitor the activities of key executives by U.S. District Judge Jed S. Rakoff, who is overseeing a fraud case against WorldCom brought by the Securities and Exchange Commission. Rakoff granted Breeden, a former SEC chairman, a broad portfolio including the right to participate in all board meetings and review all key business decisions.

As a result, sources said, the board cannot even submit a proposal for spending or reorganization to the bankruptcy court without Breeden`s approval. He earns $800 an hour for his efforts and works out of WorldCom`s Washington office.

As an example of his influence, sources point to Breeden`s decision to rework the executive-retention packages, a key element for any company in bankruptcy that hopes to hold on to valuable employees.

Sources said Breeden was outraged at the initial proposal to hand $40 million to 140 top executives at the company. According to sources familiar with that proposal, some key executives, such as Sidgmore, would have been paid more than $1.5 million to stay. One source close to the company said WorldCom officials already have the authority to meet and in some cases exceed offers from other companies to lure key officials away.

Breeden`s insistence that the total retention package be lowered to $25 million has created tension with some of the current top executives. While Breeden has argued internally that he wants to protect the company`s assets, some WorldCom officials are frustrated by his interference. They said the company needs to pay big money to key executives responsible for executing the massive corporate turnaround.

Almost all of the executives covered by the retention package have not received a raise or a bonus in the past year and are vulnerable to offers from rival companies looking to poach talent, sources said.

Sidgmore said it has been frustrating at times to have Breeden second-guessing his decisions. "CEOs are not used to having someone look over their shoulder, but overall it`s been a positive experience," Sidgmore said.

In the case of Kellett, Breeden alleged that the former chairman, Bernard J. Ebbers, improperly awarded the jet lease as a favor to a board member who served as chairman of the company compensation committee. Ebbers was eventually forced out after it was revealed that Kellett and other members of the board had agreed to lend Ebbers $408.2 million. The board may consider revoking Ebbers`s severance package, which would pay the company founder $1.5 million a year for life, sources said.

Kellett, meanwhile, has defended the deal, noting that he paid $400 for each hour the plane was in flight. In addition, he paid for its crew and covered the cost of fuel, insurance and maintenance. But Breeden insists Kellett`s deal to lease the jet was well below market rates. Kellett`s attorney, Stuart Pierson, declined to comment yesterday.

Whether or not Kellett succeeds in convincing the board today that he did nothing improper, WorldCom`s executives, creditors and board members are encouraged by the company`s financial performance since it filed for bankruptcy. Now freed from its obligation to pay interest on more than $40 billion in debt, the company has built up its cash position to almost $1 billion. When the company filed for bankruptcy it had less than $350 million in the bank.

While WorldCom continues to scour its books, there is also growing confidence that it has rooted out most of the fraudulent accounting. So far, WorldCom has said that it has uncovered $7.7 billion in improper accounting dating to 1999.

Sources close to the company said internal projections now show that WorldCom will bring in $28 billion in revenue this year and $25 billion in 2003. Company officials also said they are on track to file a plan to emerge from bankruptcy early in 2003. Although the company is not winning new customers, WorldCom executives said they are not seeing any major defections by current customers.

Still, some analysts are not impressed. Drake Johnstone, an analyst with Davenport & Co., noted that $28 billion in revenue this year would reflect a 17 percent decline compared with last year.

"I would have a hard time putting a positive spin on that," Johnstone said, adding that WorldCom is clearly underperforming rivals such as AT&T Corp. and Quest Communications International Inc.

[junkstro]

WorldCom Customers Seek Input





Oct. 8
— By Jeremy Pelofsky

WASHINGTON (Reuters) - Seventeen of WorldCom Inc.`s <WCOEQ.PK><MCWEQ.PK> biggest customers on Tuesday said they want a formal panel to represent their interests as the telecommunications and Internet giant attempts to emerge from bankruptcy.

Firms ranging from DaimlerChrysler AG <DCXGn.DE> to Procter & Gamble Co. <PG.N> who purchase $300 million in services a year from WorldCom said they want a say in WorldCom`s reorganization process to ensure continuity of service, among other things, according to a filing with the bankruptcy court.

"Even the most enlightened and well-meaning non-customer creditors committee cannot provide large business customers with confidence that their interests in the debtors` continued operation and the preservation of service quality are being adequately represented," the companies said in their filing.

The move comes just a few days after WorldCom suffered a widespread outage on its network that routes Internet traffic affecting about 20 percent of its Internet customer base. Analysts said corporate networks were slowed, e-mails misdirected and millions were affected.

The U.S. trustee handling the WorldCom bankruptcy on Aug. 21 told the companies she would not appoint an official customer committee, leading the companies to file the request with the U.S. Bankruptcy Court for the Southern District of New York. A hearing is set for Nov. 12.

As proposed, the official customer committee would provide their input as WorldCom and its creditors reorganize and plan for account support, services offered and service levels, according to the filing with court.

It would also focus on ensuring that the reorganization plan would preserve the ability of large companies to get all the services they need from one entity and if WorldCom is sold, that the buyer is one with which large customers are willing and able to do business.

The committee would also watch contract compliance, infrastructure maintenance and account support, among other things.

WorldCom, one of the largest carriers of Internet traffic in the world and the No. 2 U.S. long-distance company, filed for the largest bankruptcy in U.S. history in July after revealing that $3.85 billion in expenses were improperly booked.

WorldCom spokeswoman Julie Moore declined to comment on the motion but stressed that the company was "committed to ensuring customers continue to receive the high level of service they`ve come to expect from WorldCom."

The companies also warned that large business customers, those who spend $5 million or more on telecommunications services are "restive" because of WorldCom`s accounting problems and are facing cutbacks in support for their accounts that has led to rising internal costs.

The creditors committee involved in the reorganization does include EDS Corp. <EDS.N> and AOL Time Warner Inc. <AOL.N> and while they are customers, the petitioners said they were a small minority and have complicated relations with WorldCom.

"Official customer committee status would provide a way for large customers to contribute to the reorganization, reassure all large customers that their interests are being given equal weight and provide an important counterweight to creditors to whom debtors` long-term health is secondary to the desire for near-term payment," the filing said.

[Bernardo]

Da wollen doch offensichtlich ein paar Leitwölfe rein, die Kreide gefressen haben! Wenn Sie reinkommen wird`s mehr als eng mit der Restrukturierung.

[junkstro]

UPDATE 2-WorldCom hangs on to military contract
WEDNESDAY, OCTOBER 09, 2002 6:30 PM
- Reuters U.S. Company News

(Recasts first sentence, adds byline, companies` comments)

By Jeremy Pelofsky

WASHINGTON, Oct 9 (Reuters) - Bankrupt WorldCom Inc. (WCOEQ) scored a victory on Wednesday when the U.S. General Accounting Office rejected rivals` protests of its selection to receive a $450 million Defense Department contract.

Under the contract, WorldCom will build a network for Defense Department scientists and researchers.

Rival telecommunications companies Sprint Corp. (FON) (PCS) and bankrupt carrier Global Crossing Ltd. (GBLXQ) challenged the contract award because WorldCom admitted this summer it improperly accounted for almost $7.7 billion, raising questions about its credibility.

The General Accounting Office, the congressional watchdog agency that rules on such protests, said it had qualms about intervening since the project was already well under way and the Defense Department "has authority to address the alleged impropriety" if it so chooses.

While the Defense Department relied on "grossly inaccurate financial information in making a determination that WorldCom was a responsible contractor," the GAO also said it was inappropriate for it to intervene and dismissed the protests.

WorldCom, the No. 2 U.S. long-distance telephone carrier and one of the world`s biggest movers of Internet traffic, filed for bankruptcy in late July. While some have questioned its survival, company executives have said the plan is for WorldCom to emerge from bankruptcy next year.

The Defense Department told the GAO that the whole telecommunications industry is in turmoil so WorldCom`s predicament is not uncommon and a review of the financial information by the agency would not necessarily affect its determination that it was a responsible contractor.

"The real issue in this matter has always been provider performance and capabilities," said WorldCom spokeswoman Natasha Houbold. "The record shows that WorldCom has met or exceeded expectations in both categories to date and Worldcom will continue to do so in the future."

Global Crossing was originally awarded the contract, but it was canceled after protests by WorldCom`s MCI unit and Sprint.

The government selected Global Crossing again but the company went bankrupt, leading the government to re-evaluate the award and determine that the company`s poor financial performance, unfavorable trends and legal consequences of its bankruptcy proceedings posed unacceptable risks.

Representatives of Sprint, parent of the No. 3 U.S. long-distance company Sprint FON Group (FON) and wireless carrier Sprint PCS (PCS) , and Global Crossing both said they were disappointed with the decision and were evaluating the possibility of future action.

"We`re reviewing the document to determine our course of action," Sprint spokesman John Polivka said.

Global Crossing spokeswoman Catherine Berthier told Reuters: "We are reviewing the decision and evaluating the possibility for further action on our part."

Latest Quote


Last: 0.080
Close: 0.083
High: 0.102
Low: 0.080
Open: 0.091
Change: -0.003
Volume: 13,703,100


Bid: 0.008
Ask: 0.890
Bid/Ask Size: 99,900 / 99,900


52 Wk High: 16.060
52 Wk Low: 0.001
%Change: 0.0%

[xoma]

Nächste Hürde am 15. Oktober !

Z.Z.: Neue Executivmannschaft Worldcom entwickelt einen Unternehmensplan, um sich Gläubigern und STAATKONKURSGERICHT darzustellen. Betriebe in den VEREINIGTEN STAATEN und in der Außenseite, welche die VEREINIGTEN STAATEN ohne Unterbrechung fortsetzen.

Das STAATKONKURSGERICHT in Manhattan betrachtet abschließende Zustimmung der BAD-Finanzierung Worldcom an einer Hörfähigkeit Okt. 15 . Die Firma hat bis jetzt $ 1,15 Milliarde von seinen kreditgebenden Stellen gesichert.

Bewegliches Vorwärts: Was zunächst geschieht

Neuer Präsident Worldcom und CEO John, den Sidgmore die Firma verkündet hat, verwenden die Periode des Kapitels 11, um finanzielle Gesundheit und Fokus wiederzugewinnen, beim Funktionieren mit der höchsten Vollständigkeit. Worldcom, das älteres Management aktiv an dem Umstrukturieren der Betriebe der Firma, um das Geschäft sicherzustellen teilnimmt, wird richtig organisiert, um unsere Märkte in einer verantwortlichen und rentablen Weise zu adressieren.

Während dieser Periode der Reorganisierung, die wir zum Letzten durch das zweite Viertel von 2003 erwarten, ist Worldcom-Funktionen als "Schuldner im Besitz" und ein amtlicher Ausschuß der ungesicherten Gläubiger ("Gläubigerausschuß") hergestellt worden.

Wir erwarten die folgenden Tätigkeiten, um während dieser Periode stattzufinden:

Für Worldcom arbeitet, um einen Unternehmensplan zu entwickeln, der Grundlage die die Formulierung und Vermittlung eines Sanierungsplanes zur Verfügung stellt. Ein Sanierungsplan stellt fest, was Vorpetitionsgläubiger in der Regelung ihrer Ansprüche empfangen.

Der Gläubigerausschuß, andere Verwahrer und Management Worldcom verhandeln über die ökonomischen Bezeichnungen eines Sanierungsplanes.

Mit der Konsensvereinbarung des Gläubigerausschusses ordnet Worldcom seinen Sanierungsplan mit dem Konkursgericht an einer Freigabenaussagenhörfähigkeit ein. Die Firma ordnet auch eine Freigabenaussage ein, die die Bestimmungen des Planes für Reorganisierung beschreibt und genügende Informationen über Worldcom und andere Angelegenheiten liefert, um Gläubigern zu ermöglichen zu wählen, um den Plan zu genehmigen oder zurückzuweisen.

Der Richter stellt fest, ob es genügende Informationen im Plan gibt, damit die Antragsteller in der LageSIND, eine informierte Entscheidung zu treffen, um den Plan zu stützen oder zurückzuweisen.

Einmal hat der Richter den Plan, der Marketingprozeß anfängt genehmigt. Der Plan wird zu allen geeigneten Antragstellern verschickt, die erlaubt werden zu wählen, die dann die zu buchenden Stimmen zurückbringen. Der Plan muß durch 50% mindestens der Antragsteller genehmigt werden und zweidrittel der finanziellen totalmenge ihrer Ansprüche darstellen.

Sobald die Stimmen und festgestelltes genügendes zu überschreiten gezählt werden, legt der Richter eine Bestätigungshörfähigkeit fest, um den Plan zu bestätigen.

Worldcom nimmt das Kapitel 11 heraus und läßt streamlined laufen, transparent, das leistungsfähigere Geschäft, das nach den höchsten ethischen Standards gegründet wird.

[xoma]

Nächste Hürde am 15. Oktober !

Z.Z.: Neue Executivmannschaft Worldcom entwickelt einen Unternehmensplan, um sich Gläubigern und STAATKONKURSGERICHT darzustellen. Betriebe in den VEREINIGTEN STAATEN und in der Außenseite, welche die VEREINIGTEN STAATEN ohne Unterbrechung fortsetzen.

Das STAATKONKURSGERICHT in Manhattan betrachtet abschließende Zustimmung der BAD-Finanzierung Worldcom an einer Hörfähigkeit Okt. 15 . Die Firma hat bis jetzt $ 1,15 Milliarde von seinen kreditgebenden Stellen gesichert.

Bewegliches Vorwärts: Was zunächst geschieht

Neuer Präsident Worldcom und CEO John, den Sidgmore die Firma verkündet hat, verwenden die Periode des Kapitels 11, um finanzielle Gesundheit und Fokus wiederzugewinnen, beim Funktionieren mit der höchsten Vollständigkeit. Worldcom, das älteres Management aktiv an dem Umstrukturieren der Betriebe der Firma, um das Geschäft sicherzustellen teilnimmt, wird richtig organisiert, um unsere Märkte in einer verantwortlichen und rentablen Weise zu adressieren.

Während dieser Periode der Reorganisierung, die wir zum Letzten durch das zweite Viertel von 2003 erwarten, ist Worldcom-Funktionen als "Schuldner im Besitz" und ein amtlicher Ausschuß der ungesicherten Gläubiger ("Gläubigerausschuß") hergestellt worden.

Wir erwarten die folgenden Tätigkeiten, um während dieser Periode stattzufinden:

Für Worldcom arbeitet, um einen Unternehmensplan zu entwickeln, der Grundlage die die Formulierung und Vermittlung eines Sanierungsplanes zur Verfügung stellt. Ein Sanierungsplan stellt fest, was Vorpetitionsgläubiger in der Regelung ihrer Ansprüche empfangen.

Der Gläubigerausschuß, andere Verwahrer und Management Worldcom verhandeln über die ökonomischen Bezeichnungen eines Sanierungsplanes.

Mit der Konsensvereinbarung des Gläubigerausschusses ordnet Worldcom seinen Sanierungsplan mit dem Konkursgericht an einer Freigabenaussagenhörfähigkeit ein. Die Firma ordnet auch eine Freigabenaussage ein, die die Bestimmungen des Planes für Reorganisierung beschreibt und genügende Informationen über Worldcom und andere Angelegenheiten liefert, um Gläubigern zu ermöglichen zu wählen, um den Plan zu genehmigen oder zurückzuweisen.

Der Richter stellt fest, ob es genügende Informationen im Plan gibt, damit die Antragsteller in der LageSIND, eine informierte Entscheidung zu treffen, um den Plan zu stützen oder zurückzuweisen.

Einmal hat der Richter den Plan, der Marketingprozeß anfängt genehmigt. Der Plan wird zu allen geeigneten Antragstellern verschickt, die erlaubt werden zu wählen, die dann die zu buchenden Stimmen zurückbringen. Der Plan muß durch 50% mindestens der Antragsteller genehmigt werden und zweidrittel der finanziellen totalmenge ihrer Ansprüche darstellen.

Sobald die Stimmen und festgestelltes genügendes zu überschreiten gezählt werden, legt der Richter eine Bestätigungshörfähigkeit fest, um den Plan zu bestätigen.

Worldcom nimmt das Kapitel 11 heraus und läßt streamlined laufen, transparent, das leistungsfähigere Geschäft, das nach den höchsten ethischen Standards gegründet wird.

[xoma]

Worldcom`s Restrukturierung scheint erfolgreich zu laufen, heute wird ein neuer Kunde gemeldet und heute wird auch beim KONKURSGERICHT in Manhattan eine abschließende Zustimmung der BAD-Finanzierung Worldcom`s bei einer Anhörung Okt. 15 . Die Firma hat bis jetzt $ 1,15 Milliarde von seinen kreditgebenden Stellen gesichert.



XGamer Networks Taps WorldCom to Provide Hosting Services


07:32 EDT Tuesday, October 15, 2002

CLINTON, Miss., Oct. 15 /PRNewswire-FirstCall/ -- WorldCom (WCOEQ), the leading global business data and Internet communications provider, today announced that XGamer Networks, a provider of comprehensive gaming services to the multiplayer Internet market, has selected WorldCom to provide hosting services for its online community.

Supporting thousands of video game players today, XGamer Networks (XGN) was created by gaming enthusiasts in early 2000 to deliver a unique gaming experience through its one-stop virtual shop that features online play, chat rooms, forums and downloads. Through XGN, users can take advantage of online gaming without incurring the substantial cost of large amounts of bandwidth and high-speed servers. Instead, XGN offers subscribers a pay-as-you-go model, where users are charged per game on a monthly basis.

By selecting WorldCom Hosting Services, XGN benefits from cost and operating efficiencies of data center outsourcing including direct, scalable, high-speed connections to the award-winning UUNET global IP network. For optimal performance, XGN colocates more than 250 gaming servers in three of WorldCom`s U.S. data centers and allows subscribers to choose their connection server based on geographic proximity to WorldCom`s Boston, Dallas or San Jose facilities. Financial terms of the agreement were not disclosed.

"We are responsible for delivering `on demand` product quickly and reliably to our customers," said Jim Shomaker, chief executive officer of XGamer Networks. "WorldCom`s ability to deliver high-speed Internet connections, built on an efficient SONET metro network design and global fiber infrastructure provided us with the confidence that we could deliver on our customer commitment."

XGN`s hosting solution comes complete with a six-point performance guarantee that covers 100 percent network and power availability and 99.5 percent packet delivery, as well as other key network performance metrics. These parameters assure that XGN`s large server farm will be available 24x7, even during peak usage times.

"The XGamer Networks agreement demonstrates why customers seeking best-in- class Internet hosting solutions continue to turn to WorldCom," said Dennis Richardson, director of WorldCom Global Hosting Services. "Our Internet expertise, global backbone and strategically located data center facilities worldwide, meet our customers` special requirements while exceeding their expectations for both performance and reliability."

WorldCom offers the full array of Web hosting solutions that run over WorldCom`s facilities-based global network, through WorldCom`s state-of-the-art data centers across the U.S., Canada, Europe and Asia Pacific. Web hosting services are part of the full continuum of advanced data communications solutions WorldCom provides to business customers around the world.

About XGamer Networks

XGamer Networks (XGN) offers online game enthusiasts a comprehensive community to interact with others who share their passion for multiplayer online gaming. Utilizing high-speed, Tier-1 connections originating from the western, central and eastern U.S., XGN offers colocation services for virtual players that want complete control over their server, dedicated hosting for groups or individuals that want to manage their games, and a new Xplayer Gaming service that allows groups and individuals to congregate, chat and launch a preconfigured server. Other various forums, chat rooms, downloads and related articles are available at http://www.xgamer.net/

[xoma]

US-Konkursgericht genehmigt WorldCom Finanzierung in Höhe von 1,1 Mrd Dollar Dienstag, 15.10.02, 21:12

CLINTON (dpa-AFX) - Ein US-Konkursgericht hat dem angeschlagenen Telekomkonzern WorldCom Inc. eine Finanzierung in Höhe von bis zu 1,1 Milliarden genehmigt. Das US-Unternehmen hatte im Juli Gläubigerschutz nach Chapter 11 des US-Konkursrechts beantragt. WorldCom-Chef John Dubel sagte einem am Dienstag verbreiteten Statement zufolge, er sehe dies als weiteren Schritt aus dem Gläubigerschutz heraus./FX/hi/ar

Quelle: dpa-AFX

[xoma]

Heute wieder steigende Umsätze und mit über +16%.

OTC WCOEQ USD 0,087 0,101 + 0,014 + 16,09 1,46 Mio. 15.023.100 15. Okt 21:54

[junkstro]

Lehman Brothers wird wegen WorldCom-Anleihe verklagt
Washington (vwd) - Gegen die Lehman Brothers Holdings Inc, New York, und andere Finanzinstitute sind im Zusammenhang mit einer Anleihe der WorldCom Inc, Clinton, einige Klagen eingereicht worden. Der Vorwurf laute, dass Angaben der Konsortialbanken bei der Emission falsch und irreführend gewesen seien, teilte Lehman Brothers am Dienstagabend mit. Bei zwei der Klagen, die bereits am 10. und am 19. Juli eingereicht wurden, werde der Status einer Sammelklage angestrebt. Es gehe um die Emission einer Anleihe von 1,25 Mrd USD, bei der Lehman Brothers ein Volumen von 93,75 Mio USD als Konsortialbank betreut habe.


vwd/DJ/16.10.2002/jhe/mim

16. Oktober 2002, 08:35

[berlusconi]

[berlusconi]

[berlusconi]

WCOEQ - WORLDCOM INC-WOR (OTCBB)

Date Open High Low Last Change Volume % Change
10/15/02 0.09 0.10 0.09 0.10 +0.01 15469301 +14.94 %

10/14/02 0.09 0.10 0.08 0.09 +0.00 9655900 +3.57 %
10/11/02 0.08 0.09 0.07 0.08 +0.00 13709400 +5.00 %
10/10/02 0.08 0.10 0.08 0.08 -0.00 15776399 -3.61 %
10/09/02 0.09 0.10 0.08 0.08 -0.01 13703101 -8.79 %

[xoma]

Der Kurs von $1 wird wohl nicht mehr lange auf sich warten lassen !

1. Die finanzielle Situation hat sich erheblich verbessert.
2. Verbesserter Cash-Bestand von 360 Mio. Dollar auf knapp 1 Mrd. Dollar.
3. WorldCom-Chef John Dubel sagte einem am Dienstag verbreiteten Statement zufolge, er sehe dies als weiteren Schritt aus dem Gläubigerschutz heraus.


WorldCom erhält Zustimmung für Milliarden-Kredit Mittwoch, 16.10.02, 15:34

Der Telekommunikationskonzern WorldCom erhielt am Dienstag die Genehmigung zur Aufnahme eines Kredits in Höhe von 1,1 Mrd. Dollar für die Fortführung des operativen Geschäfts. Zudem zeigte der insolvente Telekom-Riese an, dass die finanzielle Situation sich erheblich verbessert habe.

Nachdem das Unternehmen Insolvenzantrag gestellt hatte und für die Zeit des Verfahrens von der Schuldentilgung befreit worden war, verbesserte sich der Cash-Bestand von 360 Mio. Dollar auf knapp 1 Mrd. Dollar.

Als Kreditgeber tritt nun ein Konsortium von Investoren auf, welches von der Salomon Smith Barney Inc., der J.P. Morgan Securities Inc. und der General Electric Capital Corp. ins Leben gerufen wurde.

Quelle: Finanzen.net

[xoma]

WorldCom Responds to Growing Global Demand for Audio, Web and Video Conferencing Services

07:33 EDT Wednesday, October 16, 2002

CLINTON, Miss., Oct. 16 /PRNewswire-FirstCall/ -- WorldCom (WCOEQ), the world`s largest global provider of conferencing services, today announced that it has significantly increased port capacity in the U.S., Europe and the Asia Pacific region to accommodate expanding demand for its audio, Internet and video conferencing services.

"As more and more companies recognize the value and efficiency that conferencing contributes to their daily business operations, traffic volume is rising on a global scale," said Phil Knell, president of WorldCom Conferencing. "In response, we`ve increased worldwide port capacity to continue delivering the highest quality service to our customers and to maximize this growth opportunity for WorldCom."

WorldCom Conferencing has expanded port capacity in Europe by 50 percent this year, nearly doubled capacity in Australia, Japan, and Hong Kong, and added more than 13,500 conferencing ports in the U.S. Additionally, the company has enhanced its services in Europe and the Asia Pacific region with more feature-rich versions of its reservation-less Instant Meeting(SM) audioconferencing service and its popular Net Conferencing(SM) service.

"We continue to see steady growth worldwide," said Tim Reedy, vice president of marketing and finance at WorldCom Conferencing. "In fact, after setting a weekly audioconferencing volume record in August -- traditionally a slow period for our segment of the industry -- we achieved an even higher volume milestone in September. It`s clear that the ranks of businesses embracing conferencing as a convenient tool to enhance productivity and reduce travel costs is expanding."

WorldCom is a global leader in the high-growth conferencing market offering a complete suite of Web- and phone-based services that enable companies to hold real-time audio, video and online meetings and events without the time and hassles associated with business travel. One of Worldcom`s fastest growing conferencing services, Net Conferencing, allows organizations to easily conduct training sessions over the Internet, give presentations to clients and coworkers, demonstrate software, or collaborate on documents online with virtual teams. To learn more, visit the WorldCom Conferencing product Web site at http://www.worldcom.com/conferencing.

[MoneyMakerX]

@ Xoma

1$ ist vielleicht (trotz obiger POSITIVEN Nachricht) doch
ein bischen zu hoch angesetzt....

aber 0,40 - 0,50 sind m.E. bis Ende des Jahres schon drin.

hoffen wir mal, daß weiterhin so positive nachrichten kommen, dann wird das von ganz alleine ein selbstläufer...

[xoma]

Den Dollar nicht sofort, ist schon richtig, denke aber, wenn Worldcom es im Frühjahr schafft, Chapter 11 zu verlassen, dann ist er mit Sicherheit drin. Die Signale sind einfach positiv, dass sie es schaffen.

Neue Kunden
Neue Technologien
Finanzielle Situation erheblich verbessert
Verbesserter Cash-Bestand

Ich bin davon überzeugt und glaube daran !

[Keule der Steinzeit]

war ein schlimmer Tag für mich, als die damals so über Nacht um 90% abgeschmiert sind - habe deshalb sogar einen Wohnungskauf verschoben - hoffe jetzt auch wieder auf 50 Cent - ist schließlich wirklich keine kleine Klitsche...

[Stefan2003]

mal sehen, ich denke die werden im laufe der zeit noch einen
schub nach oben machen.
die amis sind unberechenbar, nicht wahr....

[StocksResearch]

wg. Kreditzusage
Dabei handele es sich um eine
DIP-Finanzierung (Debtor-In-Possession), mit der WorldCom ihren Zulieferern
für die Weiterführung der Geschäftskontakte Zahlungen zusagen und
gleichfalls zusichern kann, dass ihre Kunden Telefon- und Internet-Dienste
wie gewöhnlich in Anspruch nehmen können.

WorldCom hat noch 20 Millionen Privat- und tausende Geschäftskunden.
Anfangs war im Juli bei Einreichung des Antrags auf Gläubigerschutz nach
Chapter 11 um eine Finanzierung in Höhe von 2,0 Mrd USD nachgesucht worden,
teilte der leitende Insolvenzverwalter Marcia Goldstein am Dienstag weiter
mit. Dank einer über den Erwartungen liegenden Cash-Position sei die
erforderliche Kreditierung seither aber zurückgefahren worden.
stocksresearch/16.10.2002/

[gogo.com]

Hallo zusammen,

kann mir einer bitte mal die aktuelle Marktkapitalisierung bzw. die ausstehenden Aktien bei worldcom angeben.

Herzlichen Dank im voraus!

MfG

[neuerporsche]

Total Shares Outstanding: 2,962,645,000
Market Cap: $ 391,069,140

[RWiest]

wo und unter welchem kürzel wird denn worldcom in amerika gehandelt ?

[berlusconi]

wcoeq
zu sehen unter
www.bigcharts.marketwatch.com
www.freerealtime.com
www.stockhouse.com

zu handeln z.Bsp über Fimatex -> us order

[junkstro]

WorldCom Proposes Retention Bonuses





Oct. 18
— By Jeremy Pelofsky

WASHINGTON (Reuters) - Bankrupt WorldCom Inc. <WCOEQ.PK> on Friday proposed giving 325 of its key employees about $25 million in bonuses to stay with the company while it reorganizes under bankruptcy protection, but excluded the four most senior positions.

While the company did not identify the four slots, it likely refers to Chairman Bert Roberts and the chief executive officer position, held presently by John Sidgmore, who has said he would step down once a replacement is found.

The 325 employees -- divided into three groups -- would receive bonuses ranging from $20,000 to $125,000, equal to 35 percent to 65 percent of their annual base salaries, according to the proposal filed with the U.S. Bankruptcy Court for the Southern District of New York.

Additionally, there would be a $2.5 million pool for other bonuses to address unforeseen issues and send a positive message to the other employees in the company, according to a filing with the bankruptcy court.

"Our business depends on retaining key employees in mission-critical positions," said WorldCom spokesman Brad Burns. "This retention plan is an important element of our overall strategy to retain and reward employees for their efforts during our reorganization."

He declined to comment on which top positions would be excluded from the retention plan. The bankruptcy court has scheduled an Oct. 29 hearing to decide on the retention bonus plan.

Clinton, Mississippi-based WorldCom filed for the largest bankruptcy in U.S. history in July, with some $40 billion in liabilities. The company is the No. 2 U.S. long-distance telephone carrier and one of the world`s largest movers of Internet traffic.

The company sank after revelations that improperly booked $3.85 billion in expenses. After filing for bankruptcy, the company admitted finding another $3.8 billion in accounting errors bringing to total to $7.68 billion.

Company officials have said they hope to emerge from bankruptcy protection in the middle of 2003.

In comparison, energy trading giant Enron Corp. paid some of its top executives $80 million in retention bonuses just before the company filed for bankruptcy last December. An employee committee is trying to recover some of those funds.

WorldCom`s plan also calls for those key employees who are employed with WorldCom at the time the bankruptcy court confirms the company`s plan for reorganization to receive an extra bonus of 10 percent of their original bonus.

That additional bonus would depend on the confirmation occurring in December 2003. If the company is able to confirm its reorganization plan in October 2003, that bonus would be doubled and they would receive 250 percent of that extra bonus if the plan is confirmed in September 2003.

"The proposed enhancements to the stay bonus provide additional incentive for working intensely to facilitate a swift conclusion of these Chapter 11 cases," the filing said.

The corporate monitor watching the company`s reorganization has approved the retention plan as proposed, according to the filing. The monitor would have to approve payouts from the $2.5 million pool, it said.

Before the company filed for bankruptcy, Sidgmore had said he would put on hold his own bonus package which includes a $7.5 million retention bonus and a performance bonus that ranges from $1 million to $10 million. He presently receives a $1 million annual salary.

[gogo.com]

@104

Danke,
Dann ist bei onvista.de wohl ein Fehler:
dort sind nur rund 30 Mio EUR angegeben.

MfG

[kahaka]

Im Augenblick werden 2 Nachrichten positiv dargestellt:

1. Der Kassenbestand ist weit höher als vorher geplant
2. Die Firma hat Kredite genemigt bekommen.

Mir ist nicht klar, was daran positiv sein soll.

Der Kassenbestand hat sich erhöht, weil auf die Schulden keine Zinsen und Tilgungen geleistet werden.
Die Schulden steigen also.
Die zusätzlichen Darlehen erhöhen ebenfalls die Schulden,
die bis jetzt weit über 40 Milliarden USD liegen.

Hat jmand eine Ahnung, wie diese Schulden jemals zurückgezahlt werden können ?

[neuerporsche]

Schulden werden in einem Insolvenzverfahren gar nicht und danach nur in einem sehr geringen Umfang zurückgeführt. Vielmehr ist der Sinn eines solchen Verfahrens, die Gläubiger davon zu überzeugen die Schuldenquote soweit zu erniedrigen(quasi Schuldenerlass in einer range von 10-90% der Altschulden), dass der Schuldendienst(Zins und Tilgung) nach Verlassen der Ch 11 Phase nun von einem gesunden Unternehmen aus dem Cashflow geleistet werden kann. Worldcom ist auf dem besten Weg dazu, denn viele Millionen Privatkunden und 1000e Geschäftskunden generieren einen Milliarden-Cashflow.
Worldcom hatte nur 2 Probleme:
1.Betrug in Milliardenhöhe (dafür haften in USA mit viel strengeren Gesetzen als in Europa die Manager)
2.Worldcom ist zu schnell gewachsen durch zu teure Übernahmen und Fusionen. Diese unrentablen Unternehmensteile werden nun wieder abgestossen, zwar mit Verlust im Vergleich zum Einkaufspreis,jedoch positiv für die Passiva und die Steuerseite.
Analystenschätzungen : Kursziel für 1.Quartal 2003 range von 1,30 bis 5,0 US $ .
Kaufen!

[xoma]

@neuerporsche

Gibt es Quellen zu den Analystenschätzungen ?

Warum stürzen die dann heute so ab ?

[xoma]

...glaubt Worldcom, wann die Firma von den Bankrottverfahren auftaucht, sein Bestehen bevorzugte Vorrat und Worldcom Gruppe und DIE MCI Gruppe, die Aktienemissionen aufspürt, haben keinen Wert.

Soll das heissen, dass die Aktien dann nichts mehr wert sind, wenn die Chapter 11 wieder verlassen oder wie ist dieser letzte Satz zu verstehen ?

(hier die maschinelle Übersetzung)
CLINTON, Fräulein, Okt. 22/PRNewswire-FirstCall/-- WorldCom, Inc. heute eingeordnet sein Juli und August 2002 Monatsgeschäftsberichte mit dem VEREINIGTE STAATEN Konkursgericht für den südlichen Bezirk von neuem York. Während des Monats Juli 2002, notierte Worldcom $2,464 Milliarde im Einkommen, $359 in Million im Einkommen vor Interesse, in der Steuerabschreibung und in der Tilgung (EBITDA) und in einem Reinverlust von $331 Million. August 2002 Einkommen war $2,403 Milliarde, war EBITDA $417 Million und der Reinverlust war $98 Million.

Worldcom reiterierte auch, daß es fortfährt, seine Bilanz auszuwerten und erwartet, weitere Tilgungen der Werte, einschließlich der Wahrscheinlichkeit zu notieren, der sie im wesentlichen alles vorhandene Wohlwollen und andere immaterielle immaterielle Vermögenswerte feststellen kann, z.Z. notiert als ungefähr $50 Milliarde, sollte weg geschrieben werden. Die Firma wertet auch den Buchwert der vorhandenen Eigenschaft aus, des Betriebes und der Ausrüstung hinsichtlich der möglichen Beeinträchtigung der historischen Werte und der Angemessenheit der Wertberichtigung für zweifelhafte Forderungen ausstehend. Bis diese Bilanzauswertung komplett ist, gibt die Firma eine Bilanz- oder Bargeldumlaufaussage nicht als Teil des Monatsgeschäftsberichtes heraus.

Die Firma hat seine Buchhaltungbehandlung für einige Einzelteile einschließlich des deconsolidation von Avantel geändert und Einbuchung der Umsatzerlöse für wechselseitigen Ausgleich, presubscribed interexchange Fördermaschineaufladungen (PICC) und internationale Regelung Einkommen. So sind diese Monatsreports nicht mit Resultaten von den vorhergehenden Perioden vergleichbar. Zusätzlich vereinigt die Firma Resultate Embratel jedes Viertel, wie Embratel finanzielle Resultate öffentlich freigegeben werden.

Monatsgeschäftsberichte Worldcom sind auf umstrukturierendem Schreibtisch Informationen Worldcom an http://www.worldcom.com vorhanden.

Gegründet auf gegenwärtigen Informationen und einer einleitenden Analyse seiner Fähigkeit, hervorragende Verbindlichkeiten zu erfüllen, glaubt Worldcom, wann die Firma von den Bankrottverfahren auftaucht, sein Bestehen bevorzugte Vorrat und Worldcom Gruppe und DIE MCI Gruppe, die Aktienemissionen aufspürt, haben keinen Wert.

[junkstro]

October 25, 2002
Return Sought of $10 Million WorldCom Paid Goldman
By SETH SCHIESEL


orldCom`s court-appointed bankruptcy monitor is trying to persuade Goldman, Sachs to return $10 million the company paid to Goldman several weeks before it filed for bankruptcy, according to people close to the negotiations.

The dispute involves a payment that WorldCom, laden with debt, made in hiring Goldman in June to evaluate strategic alternatives for the company. A short time later, WorldCom, one of the world`s largest carriers of long-distance telephone and Internet traffic, disclosed widespread accounting fraud and within weeks filed for bankruptcy protection.

Now, according to people involved in the bankruptcy process, the WorldCom creditors` committee wants to know why Goldman, a leading Wall Street investment bank, was paid such a large retainer. Those people say that Richard C. Breeden, the court-appointed monitor who is essentially WorldCom`s paymaster and bursar, is now negotiating with Goldman to recover at least some of the money.

"At least so far, Goldman has done nothing to earn that money," a person involved in WorldCom`s bankruptcy proceeding said earlier this week.

Calls to Mr. Breeden were not returned, but people close to the negotiations said Goldman had essentially conceded that it ought to return at least some of the money. Those people said that a deal could be struck within a week.

Spokesmen for WorldCom, Goldman and the creditors` committee declined to comment.

In the meantime, Goldman`s efforts to do business with WorldCom have hit a second snag. Goldman, which has wide experience as a telecommunications investment banker in Latin America, is seeking to represent WorldCom in a potential sale of the company`s Brazilian unit, known as Embratel.

But that plan has been held up by a point of bankruptcy law that may prohibit Goldman from representing WorldCom because the bank helped underwrite a bond offering in 1996 for MCI, a company WorldCom subsequently acquired. Bankruptcy lawyers for Goldman and WorldCom are engaged in sporadic negotiations with the United States bankruptcy trustee to try to determine whether those bonds, which are still held by creditors, preclude Goldman from doing work for WorldCom while it is still operating under bankruptcy protection, people close to those talks said.

For the creditors, though, the bigger issue may be the $10 million payment. Investment bankers at firms not connected to WorldCom said this week that such a big upfront retainer would be rare on Wall Street. Generally, they said, a firm might receive $250,000 to $1 million in advance to advise on a medium-size acquisition or asset sale, and perhaps $2 million to $3 million for a big deal. Such payoffs, which can exceed $10 million, typically come only when a deal is completed.

Goldman went to work for WorldCom shortly after John W. Sidgmore, who had been the company`s vice chairman, took over from Bernard J. Ebbers as chief executive in April. Mr. Sidgmore is a friend of Lawrence Calcano, one of Goldman`s senior technology bankers, according to several people close to WorldCom. Mr. Calcano was involved in Goldman`s work for WorldCom, according to people close to the company. Calls to Mr. Calcano were not returned.

Goldman had not previously done substantial work for WorldCom. Mr. Ebbers, the company`s longtime chief executive, was a close friend of Jack Grubman, telecommunications analyst at Salomon Smith Barney, one of Goldman`s main investment banking rivals. Salomon had received the bulk of WorldCom`s banking business in recent years.

Both Mr. Ebbers and Mr. Grubman are being investigated for potential violation of securities laws, including whether Mr. Grubman manipulated his investment recommendations to attract investment banking fees from WorldCom and other communications companies.

After Mr. Ebbers resigned and Mr. Sidgmore took over, WorldCom`s doors opened to Goldman. In late May, Goldman began working for WorldCom as a strategic adviser, according to people close to Goldman. After WorldCom disclosed its accounting problems and it became clear that the company would file for bankruptcy protection, Goldman tried to reposition itself as its restructuring adviser. But Goldman is not known on Wall Street as a top restructuring bank, and WorldCom hired Lazard for that role.

Over the summer, as questions emerged about the $10 million payment, Goldman began seeking to represent WorldCom in the sale of Embratel. But the United States bankruptcy code says that companies under bankruptcy protection can hire as an adviser only a bank that "is not and was not an investment banker for any outstanding security of the debtor."

Goldman helped lead a $750 million bond offering for MCI in 1996, two years before it was acquired by WorldCom, and those bonds are still outstanding. WorldCom and Goldman are now negotiating with Carolyn Schwartz, the bankruptcy trustee, in an effort to win her support for the company`s hiring Goldman for the Embratel deal.

Ms. Schwartz declined to comment, but people close to the negotiations said it seemed fairly likely that she and the companies could agree on an interpretation of the law to sanction Goldman`s hiring. The hiring would also be subject to approval by the bankruptcy judge overseeing the WorldCom case, Arthur J. Gonzalez.

It also appears likely that to win the support of the bankruptcy monitor, Mr. Breeden, Goldman will have to return at least some of the $10 million payment.

[GoldmanSex]

Wer noch Geld überhaben sollte,kann jetzt bei Worldcom einsteigen. Nicht vergessen!! Für 10 Cent bekommt man im Moment kein Telekomunternehmen auf der ganzen Welt. Sollte nämlich wirklich die Sanierung erfolgreich sein ,oder die US-Regierung eingreifen,dann könnte die Aktie schnell auf 1 EURO oder mehr steigen.Immerhin ist Worldcom das Zweitgrößte Telekomunternehmen der USA und weltweit vertreten.Wenn sie nämlich Pleite wär ,würde sie nicht weiter ihre Kunden bedienen können.

[junkstro]

Playboy

AP [ MONDAY, OCTOBER 28, 2002 12:52:41 AM ]

JACKSON: The latest peek inside beleaguered WorldCom comes not from bankruptcy filings but from the December issue of Playboy magazine.


A dozen female WorldCom employees posed for a 10-page spread entitled "The Women of WorldCom".


Playboy spokeswoman Elizabeth Norris said the idea for the pictorial came from WorldCom employees themselves - after Playboy featured "The Women of Enron" in its August issue.


"Many WorldCom employees called and said, `What about us`?" Norris said.


Norris said more than 300 women replied to Playboy`s request to send in photos as well as proof that they worked for WorldCom.


"I just decided it was an opportunity of a lifetime to get your 15 minutes of fame," said Shellie Sloan, a 26-year-old WorldCom financial analyst.

[junkstro]

WorldCom board member resigns






PHILADELPHIA, Oct. 28 — WorldCom Inc. board member Stiles Kellett resigned Sunday and agreed to pay the bankrupt telephone company about $120,000 to resolve controversy over his use of company aircraft, Kellett’s lawyer said Monday.
KELLETT SUBMITTED HIS resignation on Sunday night, and agreed to pay about $120,000, or $3,000 an hour, for use of the company aircraft, according to his lawyer, Stuart Pierson of the Washington firm Troutman Sanders LLP.
Clinton, Mississippi-based WorldCom, which declared bankrupcty in July amid a $7.68 billion accounting scandal, declined to comment.
WorldCom had asked Kellett, who had served on the company’s board since 1981, to resign after court-appointed monitor Richard Breeden criticized a deal that gave Kellett access to company aircraft for $1 a month, plus a $400-an-hour usage fee, sources close to the company said.
Kellett and WorldCom’s former chief executive, Bernie Ebbers, forged the aircraft pact without the full knowledge of the board, sources close to the company said. Kellett is chairman of Kellett Investment Corp. and serves as a director on other company boards.
Advertisement





Kellett was on the WorldCom board’s compensation and stock option committee when the company provided $408 million in personal loans and lucrative pension benefits to Ebbers. The company is currently trying to nullify Ebbers’ $1.5 million annual pension deal, sources close to the company said.
Over the past six months, tension among WorldCom’s board members has escalated along with the company’s mounting financial and legal problems, sources said.
Kellett and three other board members with long-term personal and business ties to Ebbers clashed with WorldCom Chairman Bert Roberts and current CEO John Sidgmore, who took the helm in April when Ebbers resigned, sources said. The company is currently looking for a permanent CEO.







WorldCom recently elected three new members to fill vacancies on its board and to strengthen the makeup of the group. The board, which had 11 members before the resignation of Kellett, will likely see additional changes as the company reorganizes in bankruptcy, sources close to the company said.
The company’s creditors are expected to appoint new board members who will reflect their views for the restructured company, sources said.

© 2002 Reuters

[junkstro]

WorldCom Eyes BellSouth Exec for Top Job

By Scott Moritz
Senior Writer
10/28/2002 02:30 PM EST



Hunting for a new leader, WorldCom has dialed up BellSouth`s (BLS:NYSE - news - commentary - research - analysis) No. 2 executive, a person familiar with the CEO search says.

Gary Forsee, a former Sprint executive who is now vice chairman and head of BellSouth`s U.S. business, could take over the top WorldCom job as early as December, say people knowledgable about the search. The change could take place once auditors and creditors are satisfied that WorldCom`s fraud-plagued books have been sufficiently cleansed.


WorldCom launched a search for a new chief after current CEO John Sidgmore bowed to pressure from the company`s creditors, many of whom are looking to clear the deck of WorldCom hands. Sidgmore, a former vice chairman, replaced founder Bernie Ebbers last summer. Since then the company has revealed more than $7 billion worth of accounting misdeeds. WorldCom is currently working with its creditors` committee and the bankruptcy court trustee toward a restructuring.

The sudden appearance of Forsee as a lead candidate comes as a bit of a surprise to some WorldCom watchers. Just last year Forsee was ceremoniously thrust into the No. 2 job at BellSouth and made the heir-apparent to chief Duane Ackerman, after less than two years with the company.

Forsee`s possible ascendancy at a more financially solid Baby Bell suggests he may be a difficult candidate for WorldCom to reel in. On the other hand, when the company does emerge from bankruptcy, most likely under the less-tarnished MCI name, WorldCom could be a leading player in a still tumultuous communications marketplace.

BellSouth declined to comment. Forsee didn`t immediately return a call seeking comment.

Some analysts and people close to the WorldCom creditors camp suggest that Sprint`s No. 2 guy, Ron Lemay, is also among the top contenders for the job. But a Sprint spokesman said that the WorldCom rumor has been swirling around Lemay for at least a month. Back then, Lemay said that he "hasn`t been contacted" and is "not interested" in the job.
WorldCom Eyes BellSouth Exec for Top Job
Page 2


Forsee is described by some as an ideal candidate for the WorldCom job, considering his broad and varied experience. He has held top operating positions at long-distance shop Sprint, where he ran Global One -- a failed joint venture of Sprint, France Telecom and Deutsche Telekom -- as well as at the nation`s No. 3 Bell, BellSouth.

Forsee made more than $1.5 million in salary and bonuses last year and holds about $2.8 million worth of exercisable BellSouth shares.


WorldCom could announce its new CEO by year end. First, the company is expected to submit fully audited financials to the Securities and Exchange Commission by Thanksgiving, and assuming it gets an all-clear sign an executive appointment could soon follow.

Analysts say WorldCom has been able to secure many new contracts and is seeing about half of potential renewals go to competitors. That`s thought to be a respectable retention rate given the state of the company and the efforts of its rivals.

There has been a growing consensus that a restructured, nearly debt-free WorldCom will re-emerge as an even more formidable competitor in the business services market. The potential for some kind of WorldCom rebirth could bestow turnaround-hero status on a risk-taking telecom executive

[chartwaechter]

ist das gut oder schlecht? Ich kann kein englisch.
Danke im voraus für die Info

[junkstro]

Tuesday, October 29, 2002

NEW YORK — A federal judge Tuesday approved a $25 million plan allowing WorldCom Inc. to pay key employees bonuses to stay with the company as it tries to emerge from the largest bankruptcy in history.





The plan would give some 329 employees, whom the company said were needed to help it reorganize quickly and successfully, a bonus of up to $125,000 to stay 60 days after a reorganization plan is confirmed. An additional bonus would be awarded depending upon how quickly the plan is approved. The combined bonuses could reach as high as $156,250 for some of the employees.

Despite objections from telecommunications rival SBC Communications Inc. , and letters from shareholders and employees, Judge Arthur Gonzalez of the U.S. Bankruptcy Court of the Southern District of New York approved the plan, which WorldCom said it needed to counter poaching of its employees by competitors.

"The issue is not whether it is fair," Gonzalez said, referring to the thousands of WorldCom employees who have been laid off or who have had their salaries frozen, or to the shareholders who have lost billions of dollars. As a bankruptcy judge, Gonzalez said his decisions are governed by what would be best to enhance the value of the company.

"This isn`t going to be a windfall for anybody here," WorldCom attorney Alfredo Perez told the judge.

Gregory Rayburn, who was appointed chief restructuring officer after the company filed for bankruptcy in July, said rival international carriers were targeting WorldCom employees, especially sales executives and their valuable global accounts.

"There`s a high degree of risking those accounts because that`s why they`re targeting (those employees) to begin with," Rayburn testified at the hearing. Two months ago, AT&T Corp. lured away WorldCom`s vice president of Midwest sales. The company also lost the second-highest executive in operations and technology.

SBC attorney Steven Schlesinger argued that the risk of losing employees in the depressed telecommunications market was minimal. WorldCom attorney Alfredo Perez said that SBC has been lobbying to the Federal Communications Commission to pull WorldCom`s license and not allow it to reorganize.

When questioned by the judge about the matter, SBC attorney Lisa Golden said SBC did not want to be required to continue to do business with WorldCom if it isn`t going to be paid.

In another matter, Gonzalez approved a plan that requires WorldCom to file with the court a list of its contracts, ongoing leases and the money it owes and to whom by Nov. 22.

Gonzalez also approved a related matter that would give creditors and other interested parties until Jan. 23 to contest the list or to file a claim.

Finally, the judge set a deadline of Jan. 21 for WorldCom to file a list of its assets.

Those matters were hammered out after Qwest Communications International Inc. and the National Exchange Carrier Association objected to WorldCom`s first proposal, which would have required the interested parties to file claims before WorldCom`s list of creditors and contracts was disclosed


http://www.foxnews.com/story/0%2C2933%2C67007%2C00.html

[neuerporsche]

Schön,schön! Es geht weiter aufwärts

[Reikianer]

Am 22.Oktober hat Worldcom selbst gesagt, dass die Common und Preferred Shares auch bei einer erfolgreichen Restrukturierung wertlos sein würden, warum gibt es hier immer noch Leute, die glauben, dass das falsch ist?

WorldCom Issues July and August 2002 Operating Results Expects No Value for Common or Preferred Stockholders

http://quotes.freerealtime.com/dl/frt/N?symbol=WCOEQ&art=C20…

Verkauft, solange Ihr noch ein paar Cent bekommen könnt!

[AS71]

Heiliger

[Reikianer]

Wenn Du hier Geld verloren hast, ist das nicht meine Schuld. Das Problem ist wohl eher, dass einige Leute trotz Deiner Unwissenheit zum Kauf animiert wurden.

Gruß von oben

[Reikianer]

Eine Bekannte hat bei sowas viel Geld verloren, sie ist auf ebenfalls Unwissende reingefallen...that`s why.

[Stefan2003]

#124

Ich denke wer sein ganzes Geld in solche Aktien investiert
dem ist wohl auch nicht zu helfen. Worldcom ist zur Zeit eine Zocker Aktie, und jeder schreibt seine Meinung hier in das Forum. Ich selber lese mir immer alles durch, schaue mir die Daten an, und entscheide dann.
Zweimal hatte ich Glück, einmal nicht...Was willst Du bei einer Aktie mit 0,09 oder 0,01 denn falsch machen. ?
Und die Amis, nun das wissen wir alle, die reden und reden, vorallem viel Blödsinn.
Weiterhin viel Spaß hier im Forum

P.S Aber jetzt bitte keine kaufen, ich möchte es nicht schuld sein.....

[junkstro]

WorldCom: EDS Owes Us $80.3M in Fees
WorldCom Says Electronic Data Systems Owes Them $80.3 Million in Fees

The Associated Press



JACKSON, Miss. Oct. 30 — WorldCom Inc. and Electronic Data Systems Corp. are waging a war of words in bankruptcy court filings over which company owes the other millions for services.

WorldCom Inc., which filed for Chapter 11 bankruptcy protection in July, is asking the New York bankruptcy court to force EDS to pay $80.3 million.

WorldCom said EDS, a technology services firm based in Plano, Texas, failed to pay invoices for services performed by its MCI WorldCom Communications Inc. subsidiary through Sept. 30. WorldCom said the money is owed under the terms of a 1999 agreement, in which MCI agreed to supply telecommunications services to EDS.

WorldCom says that while EDS claims it ended that agreement in December 2000, an arbitrator had decided that the agreement remained intact. WorldCom said MCI has continued to honor the terms of the agreement and that EDS owes it for services performed.

EDS has countered with motions charging that WorldCom owes it money in violation of a separate 1999 agreement for EDS to supply MCI with information technology services. EDS says WorldCom has refused to pay nearly $15 million to local exchange carriers, as required under its agreement.

EDS is withholding money owed MCI in order to recoup money that EDS is owed by WorldCom, an EDS lawyer wrote to Worldcom`s attorneys Aug. 28.

WorldCom contends that EDS is inaccurately characterizing the two 1999 agreements as a single agreement; instead, WorldCom said the two agreements are separate and that the repayment terms should be considered separately.

A hearing will be held on Nov. 26. on WorldCom`s motion.


Copyright 2002 The Associated Press.

[Reikianer]

#125: "Was willst Du bei einer Aktie mit 0,09 oder 0,01 denn falsch machen?"

Ich versteh Deine Frage nicht, willst du damit etwa sagen, dass man bei einer Aktie, die bei 0,01$ steht, nicht 100% des eingesetzten Kapitals verlieren kann? Diese Meinung scheint beliebt zu sein, ist aber völliger Unsinn. Ansonsten hast Du recht, wer zocken will, sollte das nur mit einem sehr geringen Anteil des Depots tun. Aber sicher nicht mit Worldcom, da hat das Unternehmen ja schon selbst angekündigt, dass die Aktien bald nichts mehr wert sein werden.

[Stefan2003]

Ja da hast Du recht....aber ich denke...

Wenn die Aktien nichts mehr wert sein sollen oder werden,
kann man die Aktien auch direkt vom Markt nehmen.
Bin zwar noch nicht lange dabei, und habe nicht den vollen durchblick hier, aber meine Meinung das letzte Wort ist dort noch nicht gesprochen. Darum halte ich die Aktien auch.
Was würde würde denn passieren, wenn die Amis jetzt sagen würden, wir schaffen das. ? Die Aktien würden im Vorfeld
steigen. Und was ist, wenn die Aktien steigen würden, sagen wir einmal auf 0,50 cent , und dann würden die sagen, ist nichts mehr wert. nene, glaube ich noch nicht ganz.
aber wir werden es gespannt beobachten.....auf jeden fall ist es schwer noch welche zu kaufen, wollte gestern noch einmal odern, nichts ist ins leere gelaufen.
aber jeder hat wohl seine meinung darüber, aber ein kleines risiko ist es für mich einfach wert.

Gruß Stefan......

P.S die sachliche diskusion in diesem forum finde ich echt klasse, in anderen machen die sich gegenseitig fertig, weiß auch nicht warum !!

[Duschgel]

Wenn die Aktien nichts mehr wert sein sollen oder werden,
kann man die Aktien auch direkt vom Markt nehmen.



Nichts für ungut. Das ist ein Zock, entweder man geht das Risiko bewußt ein oder man lässt es bleiben.
Aber hört bitte auf mit diesem fundierten Halbwissen, sonst landen wir noch im Kuriositäten-Thread

@reikianer
wenn ich die Meldung noch richtig in Erinnerung habe (dein link war falsch), dann lautete es "could be worthless", was ja auslegbar ist, auch vor dem Hintergrund, welche Wirkung mit diesem Statement beabsichtigt war.

[Reikianer]

Duschgel, hab die Meldung mit dem hier eingestellten link gerade nochmal geöffnet:

"Based on current information and a preliminary analysis of its ability to
satisfy outstanding liabilities, WorldCom believes when the company emerges from
bankruptcy proceedings, its existing preferred stock and WorldCom group and MCI
group tracking stock issues will have no value."

heißt in etwa:

...Worldcom glaubt, ... dass die (Aktien) keinen Wert haben werden.

[Duschgel]

Hmm, es gab einen Artikel, in dem ein Worldcom-Sprecher wörtlich zitiert wurde - ich bin noch am Suchen.
Das Szenario wertlose Aktien könnte m.E. dann wahrscheinlich werden, wenn die profitablen Teile wie MCI oder UUNet ausgegliedert werden sowie Assets verkauft werden, um die Gläubiger zu befriedigen.
Das operative Geschäft würde dann nicht mehr von WCOEQ wahrgenommen und dann könnten wir unsere Scheine in der Tat verbrennen.
Vorsicht ist also auf jeden Fall angebracht.

[Stefan2003]

aber immer nur, es wäre möglich, immer wieder schliessen die alles aus, das verstehe ich nicht. ????????

WorldCom gibt operatives Ergebnis für die Monate Juli und August 2002 bekannt
Unternehmen erwartet Wertverlust seiner Aktien

Frankfurt/Dortmund, 22. Oktober 2002 - WorldCom, Inc. hat heute dem Gläubigerschutzgericht des südlichen Distriktes von New York den Bericht zum operativen Ergebnis der Monate Juli und August 2002 vorgelegt. Im Monat Juli erzielte WorldCom einen Umsatz von 2,464 Milliarden US-Dollar, ein EBIDTA von 259 Millionen US-Dollar sowie einen Nettoverlust von 331 Millionen US-Dollar. Im August 2002 lag der Umsatz bei 2,403 Milliarden US-Dollar und das EBIDTA bei 417 Millionen US-Dollar; der Nettoverlust betrug 98 Millionen US-Dollar.

WorldCom bekräftigte, das Unternehmen werde auch weiterhin seine Bilanzen überprüfen. Weitere Abschreibungen auf Vermögenswerte werden erwartet, bis hin zu der Möglichkeit, das gesamte immaterielle Betriebsvermögen, welches derzeit mit rund 50 Milliarden US-Dollar beziffert wird, abzuschreiben. WorldCom untersucht zudem weiterhin den Verkehrswert von aktuellen Vermögenswerten im Bereich Grundbesitz, Immobilien und Betriebseinrichtungen im Vergleich zu früheren Angaben sowie die Frage der Wertberichtigung offener Forderungen. Vor Abschluß dieser Untersuchungen wird das Unternehmen keine Bilanz oder Aussagen zum Cash-Flow als Teil des monatlichen Ergebnisberichtes vorlegen.

WorldCom hat seine Bilanzierungsregeln in einigen Punkten verändert. Dies betrifft zum Beispiel die Dekonsolidierung von Avantel, sowie die Anerkennung von gegenseitigen Kompensationsgeschäften, der "Presubscribed interexchange carrier charges (PICC)" und des internationalen Zahlungsausgleiches. Daher sind die jetzt vorgelegten Ergebnisse nicht mit früheren Bilanzen vergleichbar. WorldCom wird zudem zukünftig die Ergebnisse seiner brasilianischen Beteiligung Embratel konsolidieren, sobald diese publiziert wurden.

Die Monatsergebnisse von WorldCom, Inc., sind im Internet auf einer speziell zum Thema Restrukturierung eingerichteten Website verfügbar (WorldCom Restructuring Information Desk; siehe www.worldcom.com).

Auf der Basis der derzeitigen Informationen sowie aufgrund vorläufiger Schätzungen hinsichtlich der ausstehenden Verbindlichkeiten geht WorldCom derzeit davon aus, dass seine bestehenden Aktien (Vorzugsaktien sowie Aktien der WorldCom- und der MCI-Gruppe) nach Abschluß des Gläubigerschutzverfahrens ohne Wert sein werden.

[xoma]

Worldcom 1$ !!! Ist sicher ein Fehler ???

Locale ID 98157D106
ISIN US98157D1063
Symbol WCOEQ
Börse OTC
Aktueller Kurs 1,00
Differenz abs. +0,91
Differenz % +1.011,11 %
Kurszeit 22:28
Kursdatum 31. Oct. 2002
Eröffnungskurs 0,09

[junkstro]

irgendwer hat wohl versehentlich 35 000 stk als bestens marketorder eingestellt(sollte man OTC wirklich nie machen)und wurde prompt abgezockt, eventuell auch ein mistrade der wieder rückgängig gemacht wird ?

[junkstro]

November 5, 2002
WorldCom Seems Close to Deal to Settle S.E.C.`s Fraud Case
By SETH SCHIESEL


WorldCom and the Securities and Exchange Commission are close to a deal to settle the commission`s fraud case against the company, potentially removing one of the biggest legal clouds that have gathered over the company since its accounting scandal erupted last summer.

People involved in the negotiations say that under the deal, which could be announced within a week or two, the S.E.C. would ask a federal judge to dismiss the fraud charges that the commission brought against the company in June. The parties, which presented their plan to Judge Jed S. Rakoff in Federal District Court in New York last evening, are asking him to impose a permanent injunction barring WorldCom from violating securities laws. The company would agree to those terms in a consent decree, those sources said.

The company would also have to pay millions of dollars in fines, but the exact amount of those payments would not be determined until early next year, according to the terms under discussion.

The eventual fine would be determined after all of the various investigations into the company`s conduct were complete, and it could top the $7 million that the commission exacted from Arthur Andersen last year in connection with Andersen`s failed audits of Waste Management Inc., the people involved in the WorldCom discussions said yesterday.

A settlement between WorldCom and the S.E.C. would require the approval of Judge Rakoff, who is overseeing the commission`s case against the company. These people said that the judge could require changes in the plan but that the company and the commission still hoped to be able to announce a deal within a week or two.

For WorldCom, the larger significance of a potential settlement is that while federal suits continue against individual executives — with still others perhaps yet to come — the company itself may be able to escape further federal legal action. That possibility could depend in part on how the Justice Department chooses to interpret the initial report issued yesterday on the WorldCom debacle by a federal examiner.

The report from the examiner, Richard L. Thornburgh, sharply criticized WorldCom`s former chief executive Bernard J. Ebbers and the rest of its management, the company`s board and Wall Street bankers for their roles in the company`s unraveling.

Spokesmen for the S.E.C. and for WorldCom declined to comment yesterday.

Any deal with WorldCom, which filed for Chapter 11 protection in July in the biggest bankruptcy filing in United States history, would come at a sensitive moment for the commission and for Harvey L. Pitt, its chairman, who has drawn criticism for his handling of the appointment of a leader for a new auditing oversight board. Mr. Pitt has cited the S.E.C.`s quick filing of a lawsuit against WorldCom last summer as evidence that his agency is an effective enforcer.

One question that may emerge now in Washington is whether the S.E.C. under Mr. Pitt has sought stringent enough terms in its WorldCom settlement talks to satisfy his Congressional critics.

"I`m proud of real-time enforcement and the staff dedication that makes it possible," Mr. Pitt said over the weekend. "The S.E.C. was in court with fraud charges against WorldCom within 24 hours of the company`s restatement, and we won a freeze on executive bonuses and departure compensation within 72 hours. That meant more money in the till for investors and creditors."

Even if Judge Rakoff approves a settlement, WorldCom and its executives will continue to have legal problems as the company tries to emerge from bankruptcy protection and searches for a new chief executive. Many shareholder lawsuits have been filed against the company, and federal prosecutors from the United States attorney`s office in New York continue to investigate individual WorldCom executives for their roles in the misstatement of $7 billion in financial results in recent years.

Reacting to Mr. Thornburgh`s report, WorldCom announced yesterday a number of steps that are meant to strengthen the company`s internal financial controls and help restore confidence in its financial reports.

The company it was doubling the size of its internal audit department, to about 50 people from around 25. The company said the audit department would now report directly to the audit committee of the company`s board, rather than to internal executives.

The company said that it was creating two new jobs — chief financial officers for WorldCom`s European and Asian operations — and added that three new external directors would form a new special investigative committee of the board. The three directors are Dennis R. Beresford, a former chairman of the Financial Accounting Standards Board; Nicholas deB. Katzenbach, a former United States attorney general; and C. B. Rogers Jr., a former chairman and chief executive of Equifax, the credit reporting agency.

"We are working to create a new WorldCom," John W. Sidgmore, who is serving as WorldCom`s chief executive until a replacement is found, said in a statement. "We have developed and implemented new systems, policies and procedures," he said, adding that the goal was for WorldCom`s "newly appointed independent auditors to complete their review of the financial statements for the years 2000, 2001 and 2002."

WorldCom appointed KPMG as its new auditor in the spring, replacing Arthur Andersen.

Under the tentative deal, Judge Rakoff would continue to oversee the company and monitor the injunction. Richard C. Breeden, who was appointed by the judge as a monitor to oversee WorldCom`s books and act as the company`s paymaster and bursar, would remain on the job. Mr. Breeden`s approval is required for all major spending by the company.

People close to WorldCom say the company hopes to find a new chief executive by Thanksgiving and emerge from bankruptcy protection as soon as next summer.

[xoma]

Das hört sich doch alles sehr gut an und es sieht auch danach aus, dass die den Laden bald wieder fit bekommen und aus Chapter 11 auftauchen. Hier sehe ich gute Chancen für das nächste halbe Jahr.

[xoma]

Auch das hört sich gut an, die Auferstehung kommt !

Department of Veterans Affairs Awards WorldCom Telecommunications Contract

10:05 EST Wednesday, November 06, 2002

CLINTON, Miss., Nov. 6 /PRNewswire-FirstCall/ -- WorldCom (Nasdaq: WCOEQ), the leading global business data and Internet communications provider, today announced that the Department of Veterans Affairs has awarded WorldCom a contract with the Department of Veterans Affairs Veterans Canteen Service division. Under terms of the agreement, WorldCom will be the preferred provider of long distance calling services at more than 175 Veterans Medical Centers and outpatient clinics in the United States and Puerto Rico.

WorldCom Government Markets, one of the largest providers of advanced data, Internet and voice communications services to federal, state and local agencies in the U.S. and government organizations worldwide, will provide the Veterans Canteen Service division with postpaid calling cards, operator services and collect calling capabilities for inpatient bedside telephones and pay phones in the facilities. To ensure the highest quality of service possible, WorldCom will enhance the communication networks and offer additional services, as necessary, at the various Veterans Medical Centers and outpatient clinics.

"WorldCom has a longstanding relationship with the Department of Veterans Affairs and we are looking forward to providing superior services for our nation`s Veterans, their loved ones and those who care for them," said Jerry Edgerton, senior vice president of WorldCom Government Markets. "As a premier provider of telecommunications services to federal, state and local agencies, WorldCom Government Markets enables organizations, like the VA, to remain at the forefront of new communications technology. WorldCom`s voice services encompass feature rich domestic and international capabilities that help our customers reduce costs while removing communication barriers."

WorldCom`s wholly-owned, state-of-the-art global network provides customers with faster call set-up times, and the reliability of diverse routing. WorldCom`s continuing efforts to advance the network have resulted in a fully redundant, diverse architecture with continuous network surveillance and maintenance, which translates into world-class call quality. As a result, agencies can be assured of the peak performance required to meet the demands of today`s rapidly changing work environment.

[DausendUndMehr]

Worldcom wird überleben. Nicht sicher, aber ziemlich sicher.
Wird also, nicht sicher, aber ziemlich sicher, ein schönes Geschäft.

Meine zw. 0,07 und 0,09 gesammelten Teile werde ich viele Monate liegen lassen. Nicht jetzt ein paar K€ mitnehmen, nein. Warten.

OK, kann sein, dass Mitte 2003 alles futsch ist, kann aber auch sein, dass ein paar Jahre Arbeitsleben so nebenbei erwirtschaftet wird.

Den Einsatz ist es mir wert, wie geht es Euch dabei?

Gruss, 1000+

PS: auf Sicht von Jahren könnte das ein 1000+ werden.

[DausendUndMehr]

Worldcom wird überleben. Nicht sicher, aber ziemlich sicher.
Wird also, nicht sicher, aber ziemlich sicher, ein schönes Geschäft.

Meine zw. 0,07 und 0,09 gesammelten Teile werde ich viele Monate liegen lassen. Nicht jetzt ein paar K€ mitnehmen, nein. Warten.

OK, kann sein, dass Mitte 2003 alles futsch ist, kann aber auch sein, dass ein paar Jahre Arbeitsleben so nebenbei erwirtschaftet wird.

Den Einsatz ist es mir wert, wie geht es Euch dabei?

Gruss, 1000+

PS: auf Sicht von Jahren könnte das ein 1000+ werden.

[junkstro]

November 11, 2002
More Restatements at WorldCom
By SETH SCHIESEL


orldCom expects to add to its financial restatements, even beyond the $9 billion in fraudulent results the company has disclosed, WorldCom executives said in an interview late last week.

The further restatements, which the executives declined to estimate in value, would come as part of the company`s continuing talks to settle fraud charges by the Securities and Exchange Commission.

The WorldCom executives also said that the company hoped to name a new chief executive by the end of the month, but they would not name the leading candidates. But people close to the company said yesterday that the candidates were Daniel F. Akerson, chief executive of XO Communications; Michael D. Capellas, the former chief executive of Compaq who is now president of Hewlett-Packard; and Gary D. Forsee, vice chairman of the BellSouth Corporation.

Despite its severe financial trouble, WorldCom has received overtures from most of the nation`s biggest telephone carriers to acquire major WorldCom units or the entire company, the executives said. Although they would not identify the prospective suitors, other industry executives said they included AT&T and SBC Communications, and possibly Verizon.

Representatives of those three companies declined to comment.

WorldCom`s chief executive, John W. Sidgmore, said his company would almost surely reject any sale until after it had emerged from bankruptcy protection. He said he hoped that process would be completed by next summer.

"The reason is that we all believe very deeply that this company`s value is a lot higher in a year than it is today," Mr. Sidgmore said in the interview, which also included John S. Dubel, WorldCom`s new chief financial officer, and Gregory F. Rayburn, the chief restructuring officer. [Excerpts, Page C4.]

Mr. Sidgmore said said it had not been decided whether the new chief executive would also take the title of chairman, a position now held by Bert C. Roberts Jr., the former chairman of MCI, which WorldCom acquired in 1998.

Whoever runs the company, by next summer it will probably not be called WorldCom. Mr. Sidgmore said the name would probably be changed to MCI or to an entirely new name next year.

WorldCom, whose past operations and accounting maneuvers were heavily criticized last week in a report to the bankruptcy court and Justice Department by Richard L. Thornburgh, a former attorney general, is expanding its auditing teams and setting up new lines of reporting with internal auditors reporting directly to the board, Mr. Sidgmore said.

He and the other executives said that the company`s new outside auditor, KPMG, which replaced Arthur Andersen last spring, is being given free rein to interview individual employees throughout the company. Andersen had been largely precluded from speaking with lower-level workers.

Mr. Thornburgh, who was asked about those remedial measures in an interview on Friday, declined to assess them. "We`re not in the business of giving pass-fail grades on remedies," he said. "The basic problem was the failure of the basic system of checks and balances. As one of my colleagues said, `The checks didn`t balance, and the balances didn`t check.` "

The executives said WorldCom was now in a relatively strong financial position because the bankruptcy process had allowed it to stop servicing its debt and to cancel many major purchase contracts. The company has about $1.5 billion in cash on hand and has positive cash flow, they said, so it may not need to dip into its $1.1 billion line of last-resort financing.

The executives said WorldCom had been able to retain many of its major customers — not by offering deep discounts, as other communications carriers have feared, but by making it easy for customers to be able to terminate their contracts if WorldCom is not able to maintain adequate levels of service.

Mr. Sidgmore also said the company was still negotiating with Bernard J. Ebbers, the former chief executive, about any severance package he might receive.

People close to WorldCom say it has begun taking control of some assets of Mr. Ebbers, who resigned in April owing the company at least $400 million from loans. So far, it has taken control of a boatyard in Georgia that Mr. Ebbers owned, as well as extensive timberland holdings in the South and his ranch in British Columbia, according to these people.



Copyright The New York Times Company | Permissions | Privacy Policy

[PeterHa]

Man sollte sich hier im Board mit der Möglichkeit vertraut machen, dass wcom überlebt, die vorhandenen Aktien aber wertlos werden. Aktionäre sind, was die Rechtsposition angeht, hintenan! Ein Agreement mit den Gläubigern sieht häufig so aus, dass sich der Konzern auf Kosten der Aktionäre entschuldet - dafür gibt es verschiedene Modelle (Exodus lässt grüßen)! Und es ist vielsagend, dass wcom selbst davon gesprochen hat, dass die Aktien am Ende des Verfahrens wertlos sein könnten (man ist also auch gewarnt!). Überhaupt gibt es bis heute noch keine offizielle Äußerung von wcom, die für den vorhanden Stock irgendetwas in Aussicht stellt!
Die Aktien werden sicherlich noch mindestens ein halbes Jahr handelbar sein. Die Aktien liegen zu lassen in der Hoffnung auf den großen Gewinn führt sehr wahrscheinlich zu einem Totalverlust!
Gewinne gab es nur einzustreichen im unmittelbaren Umfeld von Ch11! Und sicherlich wird es bis zum Ende hin den einen oder anderen starken Kursanstieg geben, den mitzunehmen reines Glücksspiel ist - am Ende steht aber der Verlust! Schaut Euch an, wie es um Exodus, Enron, Global Crossing u.a. bestellt ist!

[junkstro]

Story [ 11.11.2002 13:13:17 ]


Zeitung - HP-Präsident Capellas Favorit für WorldCom-Chefposten
New York, 11. Nov (Reuters) - Der Präsident des weltgrößten
Computerherstellers Hewlett-Packard (HP) (HPQ.N) , Michael
Capellas, ist einem Zeitungsbericht zufolge Favorit für die
Nachfolge des scheidenden WorldCom-Chefs John Sidgmore.
Das "Wall Street Journal" berichtete am Montag unter
Berufung auf mit der Angelegenheit vertraute Kreise, das
Führungsgremium der insolventen WorldCom<WCOEQ.PK> habe sich
bereits informell darauf geeinigt, Capellas auf den Chefsessel
zu berufen. Auch die fünf Vertreter des Gläubigerkomitees in dem
Findungsausschuss, der bei WorldCom mit der Nachfolgesuche
betraut ist, seien begeistert vom früheren Compaq-Chef.
Für Capellas setzt sich dem Bericht zufolge auch Sidgmore
ein, der im September angekündigt hatte zurückzutreten, sobald
ein Nachfolger gefunden sei. Der 47 Jahre alte Capellas hatte im
vergangenen Jahr als Compaq-Chef die Fusion seines Unternehmens
mit Hewlett-Packard gegen den heftigen Widerstand einiger
Investoren vorangetrieben.
Nach dem Eingeständnis milliardenschwerer Fehlbuchungen
hatte WorldCom im Juli mit einer Schuldenlast von mehr als 40
Milliarden Dollar Antrag auf Gläubigerschutz gestellt. Dies ist
die größte Firmenpleite in der US-Geschichte. Erst vergangene
Woche hatte der Konzern das Ausmaß der Fehlbuchungen mit mehr
als neun Milliarden Dollar angegeben. Bislang war von lediglich
rund 7,6 Milliarden Dollar die Rede gewesen.
phi/mer

[junkstro]

Leading WorldCom Candidate Quits HP

NEW YORK, Nov 11, 2002 (AP Online via COMTEX) -- Michael Capellas quit Monday as the No. 2 executive at Hewlett-Packard Co., just hours after a newspaper reported he is a leading candidate to take over troubled WorldCom Inc.

Capellas, who came to HP as part of its $19 billion acquisition of Compaq Computer Corp. in May, is leaving the Palo Alto, Calif.-based company to "pursue other career opportunities," according to an HP statement.

In the statement, HP chief executive Carly Fiorina said the merger integration had "reached a natural transition point" and added that she supported his decision.

"I`m comfortable making this move because of the progress of the integration, HP`s market momentum and the strength of the management team," Capellas said in the statement. "I have tremendous respect for Carly and her leadership. I could not be more proud of our accomplishments and I have every confidence in the future success of the company."

An HP spokeswoman did not immediately return calls seeking comment.

In early trading on the New York Stock Exchange, HP shares fell 8.1 percent, or $1.35 a share, to $15.33.

The Wall Street Journal reported Monday that Capellas, who had been Compaq`s CEO before becoming Hewlett-Packard`s president, had become the front-runner to succeed WorldCom CEO John W. Sidgmore.

The Journal also said other executives were still being considered by WorldCom`s search committee, including XO Communications Inc.`s chairman and CEO Dan Akerson and BellSouth Corp. vice chairman Gary Forsee.

A source familiar with the search, however, told The Associated Press on condition of anonymity that Forsee was "never seriously interested" in the job.

By BRIAN BERGSTEIN AP Business Writer


Copyright 2002 Associated Press, All rights reserved

[xoma]

Schritt für Schritt geht es weiter, ich glaube immer noch an einen Kurs von 1$ in einem halben Jahr. Die Restrukturierung läuft auf Hochtouren und kommt voran.

[xoma]

Digex Announces Exploration of Strategic Alternatives

09:13 EST Monday, November 11, 2002

LAUREL, Md., Nov. 11 /PRNewswire-FirstCall/ -- Digex, Incorporated (Nasdaq: DIGX), today announced that its Board of Directors has formed a Special Committee to explore strategic alternatives, including a possible sale of the company. The Committee, which is comprised of the independent directors, has retained Lane, Berry & Co. International as its investment bank.

"We believe the retention of a respected investment bank is in the best interests of the company and will be welcomed by all of our constituencies," said Digex President and CEO, George Kerns. "Digex is committed to delivering high-value managed hosting services to enterprises and has been since its inception. We hold a leadership position in this market and we believe it is important to maintain the resources and financial structure that will enable the company to grow in the long term. Lane Berry is well-suited to assist us in this endeavor."

John Dubel, Chief Financial Officer of WorldCom, Digex`s largest shareholder said, "We fully support the Digex Board and the decision it has announced. As the company`s largest shareholder, we are committed to its continued growth and development."

There can be no assurance that any transaction or other corporate action will result from this effort. Digex assumes no obligation to make any further announcements regarding its exploration of strategic alternatives unless a final decision is made.

Forward Looking Statements

Statements contained in this news release regarding expected financial results and other planned events are forward looking statements, subject to uncertainties and risks, including, but not limited to, the demand for Digex`s services and the ability of Digex to successfully implement its strategies, each of which may be impacted, among other things, by economic, competitive or technological conditions. These and other applicable risks are summarized under the caption "Risk Factors" in the Company`s annual 10K filing, and are updated periodically through the filing of reports and registration statements with the Securities and Exchange Commission.

[Wiffzackschorschi]

wenn jetzt wirklich die bestätigung kommt, gepaart mit ein paar guten meldungen, dann denk ich geht das ding endlich ab!

lg grüsse an die WCOEQ - Gemeinde!
WZS

[xoma]

XETRA schon über 30% im Plus !

Börse Symbol Währ. Vortag akt.Kurs Diff. % Handelsvol. Gehand. St. Kurszeit
OTC WCOEQ USD 0,098 0,118 + 0,020 + 20,41 1,47 Mio. 13.392.800 11. Nov 17:51
Xetra WCO EUR 0,090 0,120 + 0,030 + 33,33 67.749 677.895 11. Nov 17:51
Frankfurt WCO EUR 0,098 0,120 + 0,022 + 22,45 41.697 419.091 11. Nov 17:23

[DausendUndMehr]

@PeterHa

Natürlich ist es ein Glücksspiel. Und wachsam sein muss man immer. Liegen lassen und träumen ... nee, nicht in diesem Falle.

Hat heute nachmittag schon in den Fingern gejuckt, den Gewinn einfach mal mitzunehmen. Einsteigen kann man im Zweifelsfall immer wieder. Habe mich dann aber für Laufen lassen entschieden.

Auf jeden Fall ein spannender Zock!

Gruesse an alle Worldcom Freunde, 1000+

[DausendUndMehr]

Läuft weiter!

[levian71]

Mhh, gestern + 12 % heute + 28 %...
Jetzt bei 14 cents an der nasdaq... der neue Boss wird vielleicht Capellas von H.P....
Das hört sich doch gar nicht so schlecht an ?!!.....

Meine Frage, gibt es denn überhaupt eine theoretische Chance, dass die jetzigen Aktien nach dem möglichen Austritt aus Chapter 11 weiter gehandelt werden. Also nicht wertlos werden und in neue umgewandelt werden ??

Oder ist das gesetzlich verankert und schon jetzt klar, dass die Aktien wertlos werden ??
Warum werden sie dann jetzt geahndelt ?? und das nicht so schlecht...
Gruss,
Levian

[StocksResearch]

1.Neuer erfahrener Vorstand
2.Neuer Mann mit enormem Vertrauensvorschuß an der Spitze von Worldcom
3.Konzentration auf das hochwertige operative Geschäft, das da heisst: Internet Backbones,Telefonie,Top Accounts.

Erste excellente Ergebnisse sind zu vermelden:
- Steigender Milliarden Umsatz im vergangenen Monat Oktober 2002,
- stark verbesserter Cashflow.
J.Sidgemore hat einen excellenten Job gemacht, wie schon im August 2002 beschrieben. Dem Nachfolger wird ein bereitetes Feld übergeben. Die Altlasten verantworten die Schuldigen persönlich. Wcom wird sich mit SEC unter Bezahlung einer angemessenen, jedoch im Verhältnis moderaten Summe auf eine Einstellung des Strafverfahrens einigen. Diese Summe wird sozusagen aus der Portokasse bezahlt und wird sogar unternehmensrechtlich steuerwirksam abgeschrieben. Man hört aus unternehmensnahen Kreise Summen von ca. 500 Mio. US$, was einem Viertel eines Monatsumsatzes bedeutet. Also Peanuts im Vergleich zum Umfang des operativen Geschäftes von Wcom.
Alles in allem sind damit die Kursanstiege der letzten Tage und die der folgenden Wochen erklärt.
Kursziel Ultimo 2002 0,50 US $,
Kursziel 03/2003 2,40 US$ bei Verlassen Ch.11.
Many Greetings from Wallstreet!
Quelle StocksResearch 12.11.2002 s/wgt

[PeterHa]

levian71,

es gibt Beispiele von Unternehmen, deren Aktien nach dem Verlassen von CH11 weiter gehandelt wurden, z.B. Covad Communications, aber auch Beispiele für den Totalverlust (Exodus). Insofern ist alles möglich!
Es ist nur so, dass die Rechtsstellung der Altaktionäre gegenüber den Interessen der Kreditgeber nachrangig ist und es sehr wahrscheinlich so ist, da kein Kreditgeber freiwillig auf irgendetwas verzichtet, dass es ein Agreement gibt, dass auf Kosten der Altaktionäre geschlossen werden. Auf alle Fälle spielen die Interessen der Aktionäre bei den jetzt anliegenden Entscheidungen keine Rolle. Insofern sind Verlustrisiken hoch!

Ich will niemand hier davon abhalten, zu zocken. Ich habe es auch getan, auch mit wcom! Man sollte bloss vermeiden, als letzter eine Menge Aktien in der Hand zu haben, die nichts wert sind. Und es ist gegenwärtig ein Zock, sonst nichts. Arm dran, wer meint, reich zu werden, indem er jetzt Anteile kauft um long zu gehen!

[Wolframit]

@Peter-guter Beitrag.Vielleicht sollte man noch erwähnen,daß Worldcom selbst davon sprach,daß mit einer Wertlosigkeit der Aktien zu rechnen sei. Ich habe einen Bekannten,der bei Worldcom Deutschland arbeitet.Auch bis zu diesen Mitarbeitern hat(te) sich das Statement von Worldcom noch nicht herumgesprochen.Alle gehen davon aus,daß es in Zukunft merklich besser um Worldcom stehen wird,aber auch,daß ihre Aktien,die sie als Gratifikation jährlich beziehen konnten,wieder steigen werden.Insbesondere die älteren Mitarbeiter haben sich somit über Jahre hinsichtlich ihrer Altersversorgung einiges in die Depots gelegt.Um so ernstzunehmender finde ich,ist nun das Statement einer Wertlosigkeit der Aktien-daß den Aktionären und somit auch den Mitarbeitern sagen zu müssen,ist bitter.Ich glaube somit auch nicht im geringsten an eine mittelfristige Werthaltigkeit der Aktien.Gruß

[xoma]

Es ist ein Schwachsinn über die Wertlosigkeit der Worldcom Aktien zu nachzudenken ! Hätten die sagen sollen, daß die $1 Wert sind, wenn Chapter 11 wieder verlassen wird, mal ehrlich ?
Worldcom kann doch mit Exodus überhaupt nicht verglichen werden, nachdem die in Chapter 11 waren, haben die den Laden weiter untergehen lassen. Merkt ihr denn nicht wie Worldcom alles in Bewegung setzt, damit wieder Normalität einkehrt, die haben sehr viel dafür getan und die Aktien gegen die Wand zu fahren, können die sich nicht leisten z.B. Altersversorgung vieler Mitarbeiter, zu enger Kontakt mit der Regierung etc. Die besten Leute sind jetzt an Bord, um den Laden wieder fit zu machen.

[junkstro]

Sullivan back in WorldCom plea bargain talks
David Teather in New York
Wednesday November 13, 2002
The Guardian

Scott Sullivan, the former finance chief of WorldCom, is said to be considering a guilty plea in the fraud investigation.

Mr Sullivan, who maintains he did nothing improper, could offer a crucial testimony as the US justice department tries to bring charges against other senior WorldCom executives.

Federal investigators are still looking into how much was known by the flamboyant former WorldCom chief executive Bernard Ebbers but have not brought any charges against him. Mr Ebbers has argued he had no knowledge of the alleged scheme to inflate profits which has so far forced WorldCom to restate $9bn in earnings from the past three years.

According to a report in the Wall Street Journal, Mr Sullivan, who was charged in August, has reopened talks with federal prosecutors that could lead to a plea bargain.

Mr Sullivan is said to be considering cooperating with the investigation in the hopes of getting a more lenient sentence. The former finance chief has been charged on seven counts and could face a maximum of 65 years in prison.

But Mr Sullivan has been put under pressure by the guilty pleas of four other former WorldCom workers including David Myers, the controller who reported directly to him. They said they were ordered to manipulate WorldCom`s books in order to make the company`s finances appear more robust.

Mr Ebbers was forced out of WorldCom still owing the company $415m in loans he received from the telecoms company. The board of the bankrupt business has seized a number of his assets for creditors including a $14m yacht, 400 acres of Alabama forest and a cattle ranch in British Columbia, said to be worth $85m.

WorldCom yesterday resorted to full-page advertising in the financial press to try to convince customers and investors that it remains a viable business.

The campaign seeks to draw attention to the restructuring of WorldCom and points out that the company has $1.4bn in cash, over $1bn in financing available and a new auditor in KPMG.

"Our finances are healthier than anyone expected them to be at this stage," it said.

The company is in the process of appointing a new chief executive and is expected to name former Compaq chief, Michael Capellas.


Guardian Unlimited © Guardian Newspapers Limited 2002

[xoma]

Die Richtung stimmt - bis Jahresende Kursziel $1 !

Locale ID 98157D106
ISIN US98157D1063
Symbol WCOEQ
Börse OTC
Aktueller Kurs 0,16
Differenz abs. +0,02
Differenz % +15,11 %
Kurszeit 16:46
Kursdatum 13. Nov. 2002
Eröffnungskurs 0,14
Tageshöchstkurs 0,16
Tagesttiefstkurs 0,14

[xoma]

U.S. General Services Administration Extends FTS2001 Contract With WorldCom

13:31 EST Wednesday, November 13, 2002

CLINTON, Miss., Nov. 13 /PRNewswire-FirstCall/ -- WorldCom (WCOEQ), the leading global business data and Internet communications provider, today announced that the U.S. General Services Administration (GSA) is extending its Federal Telecommunications Service (FTS) 2001 contract with WorldCom for another year. After carefully observing and reviewing the company`s performance for U.S. government agencies, GSA is exercising the first of four available one-year contract options, extending WorldCom`s service contract through January 10, 2004.

FTS2001 is one of the largest federal government contracts to date, providing comprehensive voice, data, Internet, video conferencing and global communications services that fulfill common-user needs government-wide. Under FTS2001, federal agencies worldwide are able to capitalize on WorldCom`s cost- effective telecommunications services as well as its state-of-the-art Web hosting, security and data network solutions. WorldCom currently provides its services to more than 75 government agencies, including many cabinet-level departments, under the FTS2001 contract.

"This renewal shows our customers that WorldCom and WorldCom`s ability to provide services of the highest quality remain rock solid," said Jerry Edgerton, senior vice president of WorldCom Government Markets. "WorldCom has earned the position as one of the largest US Government providers through our continuing commitment to meet and exceed stringent service level agreements ensuring government continuity. Today`s announcement highlights why leading government and corporate enterprises continue to look to WorldCom for communication solutions."

WorldCom is one of two U.S. telecom service providers initially awarded FTS2001 contracts by the GSA. The award of the GSA-WorldCom FTS2001 agreement was announced in January 1999 -- replacing GSA`s previous FTS2000 contract.

[xoma]

Nur ER kann es schaffen, Capella bekommt jede Menge Lorbeeren:
While many on Wall Street doubt WorldCom can be saved, Niles says Capellas may prove the critics wrong again.
"If anybody can do it, he probably can," Niles said. "He brings an ability to restructure a mess. If he can get this thing back to being a viable ongoing business, there`s massive economic reward in it for him."


November 12, 2002 01:18:31 (ET)


PALO ALTO, Calif. (CBS.MW) -- Michael Capellas could be just what WorldCom needs.

While critics say the 47-year-old who just resigned the presidency of Hewlett-Packard doesn`t come with telecommunications experience, his success at remaking Compaq following two turbulent acquisitions in the late 1990s arguably makes him a top candidate to for CEO and savior of the bankrupt telecom giant.

See full MarketWatch coverage:

Analysts and the press labeled Capellas a dud when he took Compaq`s CEO post in 1999 from the ousted Eckhard Pfeiffer. Many wondered if he had enough charisma to be the leading man for what was then the world`s top seller of personal computers.

Capellas proved his critics wrong. He became the leading face in front of many of Compaq`s top customers. He often played host at trade shows, product launches and other industry events. Capellas often found himself on a stage speaking on behalf of his company, or other technology executives.

And within two years he had spruced up Compaq enough for a sale to H-P.

Capellas confirmed Monday afternoon that he`s talking to WorldCom about the CEO job, CNET News.com reported.

Capellas` operational skill, salesmanship, and in particular his ability to convince H-P shareholders to buy Compaq in a tough merger battle earlier this year make him the top choice for WorldCom (WCOEQ, Trade), some analysts and fund managers said.

"WorldCom is definitely for sale, and I think it would be hard to find someone with more credibility to sell it than Capellas," said Elliot Blumberg, investment manager for Vigilant LP, a Santa Monica, Calif.- based hedge fund.

Vote in our poll: Is Capellas the one to save WorldCom?

Capellas is credited with first suggesting a merger with Hewlett-Packard in May 2001. He reportedly pitched the idea to H-P CEO Carly Fiorina as a way for both companies to cut costs and potentially increase sales during what both executives saw as a prolonged technology sales slump.

At WorldCom, perhaps Capellas could clean up the mess enough to make it palpable for all or part of the company to be swallowed by a competitor, said Michael Boyle, manager of the Boyle Marathon Fund in San Francisco.

"Instead of a standalone company going nowhere, they have a guy in Capellas who could conceivably put together a win-win kind of a deal with a phone company," Boyle said. It could be the same kind of a deal: A merger based on two companies controlling their costs."

A deal to sell all of WorldCom would be considered even more difficult to pull off than H-P`s (HPQ, Trade) acquisition of Compaq. Most telecommunications companies continue to struggle with large debts and flat sales, and might not have time to wait for regulatory merger approvals.

Bankrupt WorldCom is also in worse shape than Compaq ever was. It has admitted to more than $9 billion worth of phony accounting and lost $108 million on sales of $2.3 billion in the September quarter after losing $331 million on sales of $2.46 billion three months earlier.

"This would be the biggest turnaround ever in corporate history, if Capellas can pull it off," said Dan Niles, analyst with Lehman Bros. in San Francisco.

Discuss on our message boards: Can Capellas save WorldCom?

To his credit, Capellas has a broad technology background. He joined Compaq in 1998 as chief information officer after spending 16 years in various tech-related positions at oilfield services company Schlumberger Ltd., and several years at software makers SAP America and Oracle Corp.

That technical background may be of help to WorldCom, should it seek to partner with a telecom-equipment company that uses low-cost computer and networking gear to send voice and data messages, Boyle said.

Also of potential help to WorldCom is Capellas` operations skill. Although Compaq never kept its No.1 market position for long under Capellas, he is credited with helping Compaq briefly stem its losses in personal computers, turning a $145 million profit in its computer business in 2000 following a $437 million loss the previous year. The business lost $537 million in 2001.

Known for instilling a series of cost cuts and strict inventory controls at Compaq, Capellas later helped to soothe several shareholders who considered voting against the Compaq merger, and against Fiorina`s leadership. Putting Capellas in charge of H-P`s day-to-day operations following the merger helped convince some bankers that the promised cost savings from the merger would be achieved.

While many on Wall Street doubt WorldCom can be saved, Niles says Capellas may prove the critics wrong again.

"If anybody can do it, he probably can," Niles said. "He brings an ability to restructure a mess. If he can get this thing back to being a viable ongoing business, there`s massive economic reward in it for him."

[reininsvergngen]

test

[junkstro]

November 14, 2002
Candidate Meets WorldCom Creditors
By THE NEW YORK TIMES


ichael D. Capellas, who resigned this week as president of Hewlett-Packard, met with some creditors of WorldCom yesterday as the company moved closer to naming him its chief executive, according to people close to the company.

Mr. Capellas is the front-runner for the job but any choice is subject to approval from creditors and from Richard C. Breeden, WorldCom`s court-appointed monitor.

People close to WorldCom said it was unlikely that an announcement would be made today.

Mr. Capellas has acknowledged that he is discussing the job with WorldCom.

John W. Sidgmore, the current WorldCom chief executive, is leading the search. Mr. Sidgmore intends to become WorldCom`s vice chairman after a new chief executive is hired.

In addition to winning the approval of creditors and Mr. Breeden, Mr. Capellas must also complete negotiations for a compensation package. That package would not include stock or options because WorldCom is operating under bankruptcy protection.



Copyright The New York Times Company

[xoma]

Und bis Jahresende sehen wir 1$ !

Ich glaube immer noch fest daran, dass Worldcom mit all den Maßnahmen die im Gange sind und den guten Leuten die an Bord geholt wurden, es wieder schafft aus der Krise zu kommen, alle Zeichen stehen auf Positiv bzw. Grün !

0,215$ - das läuft ja super - Gab es schon eine Adhoc von Worldcom wegen Capella ? Kommen die doch viel schneller aus Chapter11 wieder raus ?

OTC WCOEQ USD 0,159 0,215 + 0,056 + 35,22 10,34 Mio. 53.985.500 14. Nov 17:28

[berlusconi]

[junkstro]

Story [ 15.11.2002 12:30:48 ]


WorldCom names Capellas as chairman, CEO
NEW YORK, Nov 15 (Reuters) - Michael Capellas, just
departed from computer maker Hewlett-Packard Co. (HPQ.N) , will
take the reins of bankrupt telecommunications provider WorldCom
Inc. <WCOEQ.PK> as chairman and chief executive officer, the
company said on Friday.
He will replace interim CEO John Sidgmore and will face the
daunting task of rescuing the No. 2 U.S. long-distance
telephone giant and one of the biggest movers of Internet
traffic from being torn apart.
WorldCom filed for the biggest bankruptcy in U.S. history
in July after revealing massive accounting problems, which will
likely lead the company to restate more than $9 billion in
earnings. The company has some $40 billion in liabilities and
is fighting for survival.
The company is in talks with the Securities and Exchange
Commission to settle securities fraud charges which sources
have said would include a fine against WorldCom and extract
promises not to violate securities laws in the future.
Capellas was the chief executive of Compaq Computer Corp.
before it was acquired by rival computer giant Hewlett-Packard
last year. He then became president of the merged company.
Terms of Capellas`s compensation are subject to court approval,
which the company said it expects to seek as early as Friday.
((Xtra clients: Click on http://topnews.session.rservices.com
to see Top News pages in multimedia Web format. If you cannot
access the pages, ask your IT department to check your Internet
firewall settings. For a technical advisory, click on
<C9991>.))

[neuerporsche]

Sieht alles gut aus! Meine Prognosen bestätigen sich.Die Aktie lebt wieder und die Menschen, die sie handeln auch! Nur, es gibt eben wie auch im wirklichen Leben so auch an der Börse solche und andere "Menschen"...auf diesem Wege meinen Dank an alle gebildeten Zeitgenossen, die auch bei der Sprachwahl etwas auf sich halten...

mfg rs

[junkstro]

Latest Quote


Last: 0.279
High: 0.284
Low: 0.178
Open: 0.249
Change: +0.06
Volume: 112,420,600


Bid: 0.024
Ask: 2.580
Bid/Ask Size: N/A


52 Wk High: 16.060
52 Wk Low: 0.001
%Change: 32.2%


Market Cap: N/A
Price/Sales: N/A
EPS: $0.00
P/E Ratio: N/A


Quotes provided by S&P Comstock
11/18/02 - 2:52 p.m. Eastern -- No Quote Delay.


der plan 30% aller wcom bonds aufzukaufen kann für die aktionäre negativ enden (siehe warnung der WCOM IR) , also immer schön vorsichtig bleiben..........

[junkstro]

November 19, 2002
WorldCom Investor Hires Giuliani Consulting Firm
By DAVID M. HERSZENHORN with RIVA D. ATLAS


he consulting firm of former Mayor Rudolph W. Giuliani said yesterday that it was working with David Matlin, a leading investor in distressed companies who is accumulating bonds issued by the troubled telecommunications company WorldCom.

But neither the bare-bones statement nor Mr. Giuliani`s spokeswoman made clear whether the firm, Giuliani Partners, had been hired by Mr. Matlin to provide consulting services or was simply acting as an investment partner, raising money to help Mr. Matlin buy WorldCom debt.

Mr. Matlin is already one of WorldCom`s major creditors, having bought up about 10 percent of the company`s $25 billion in bonds, traders said yesterday.

"This is an opportunity to make a positive contribution to WorldCom, its employees and customers," the Giuliani Partners statement said. "In particular, we would work to establish a model form of corporate governance that the company could use when it emerges from bankruptcy."

Mr. Matlin did not return phone calls seeking comment.

Mr. Giuliani`s spokeswoman, Sunny Mindel, would not comment on whether the former mayor would be willing to serve on WorldCom`s board or take a leadership role in the company`s revamping. That prospect was raised by The Wall Street Journal in an article yesterday about Mr. Giuliani`s dealings with Mr. Matlin.

But bankruptcy experts said yesterday that before any outside investor group could wield enough influence to have a say in who joined the board, it would need to hold one-third of WorldCom`s bonds, which would represent an investment of about $2 billion, at current prices.

Under the current WorldCom bankruptcy process, the company has exclusive rights until March to file its reorganization plan with the bankruptcy court, regardless of how much of WorldCom an outside investor might acquire.

Moreover, people close to Mr. Giuliani said it was unlikely that he would give up his own business ventures — what friends and foes alike sometimes refer to as Rudy Inc. — to take any position binding him too closely to one company.

Mr. Giuliani`s book, "Leadership" (Miramax/Hyperion), started at No. 1 on the New York Times best-seller list last month and stayed there until last week, when it dropped to No. 2. And Mr. Giuliani is still in heavy demand for private speaking engagements, reportedly being paid about $100,000 a speech. Close associates of Mr. Giuliani also noted that a limited role in WorldCom or any one company, would do little to help further his political ambitions should he ever choose to run for higher office.

Mr. Giuliani formed his consulting firm with members of his inner circle from City Hall immediately upon leaving office at the end of last year. Giuliani Partners has a business alliance with the accounting firm Ernst & Young and has its office in the firm`s building in Times Square. Mr. Matlin also has a close relationship with Ernst & Young, which audits his investment fund.

Giuliani Partners has undertaken several projects in its first year, with somewhat of a focus on security matters and risk management. But it has also won business from clients seeking to capitalize on Mr. Giuliani`s popularity and his potential influence among elected officials. Merrill Lynch, for instance, hired Mr. Giuliani, when the firm came under investigation by the New York State attorney general`s office.

Giuliani Partners has also been hired by the wireless company Nextel to work on improving emergency communications technology; by Purdue Pharma to help safeguard inventories of the painkiller Oxycontin; and by Mexico City to help its police department reduce the city`s rampant crime.

From the outset, though, Mr. Giuliani and his associates said that the firm would also explore investing and venture capital opportunities. They formed a subsidiary, Giuliani Capital Partners, for this purpose.

Mr. Matlin has built a reputation as one of the most successful vulture investors, swallowing up the debt of distressed companies at fire-sale prices in hopes that the company will recover and reap him huge profits.

In the case of WorldCom, which has disclosed at least $9 billion in accounting discrepancies so far, whether Mr. Matlin profits could largely depend on restoring credibility and investor confidence. That might help explain his interest in aligning his effort with Mr. Giuliani, a former federal prosecutor with a law-and-order reputation, who is also widely regarded as a hero for his efforts after the Sept. 11, 2001, terrorist attack on New York.

For those reasons, of course, Michael D. Capellas, whom WorldCom hired last week to become chairman, chief executive and president, might have reason to want Mr. Guiliani on his board, with or without Mr. Matlin`s influence.



Copyright The New York Times Company

[neuerporsche]

Zu all den Überlegungen und Veröffentlichungen wg. Wertlosigkeit der Aktien nach Ch.11 mahne ich ebenfalls zur Vorsicht. Jedoch gebe ich zu Bedenken dass eine Ausgabe von neuen Aktien und Quasi Entwertung der alten Aktien einer Enteignung der vielen tausend unschuldiger Wcom Mitarbeiter gleichkäme, die wie in USA üblich sehr viele eigene Aktien halten. Fazit: Enteignung in USA??? Fast unvorstellbar! Kennt man doch eher aus der "braunen" Vergangenheit oder von jenseits des damaligen eisernen Vorhangs aber doch nicht von USA.
MFG

[tester11]

Die werden wertlos werden, bei XOXO, die am Freitag ihren Restrukturierungsplan genehmigt bekommen haben, steht das in dem Plan auch drin, das könnt ihr auf der XOXO-HP auch nachlesen.

[gontard]

und warum kosten die noch 28cent.wenn das alle wissen?

[junkstro]

washingtonpost.com
Few Insiders Likely on WorldCom Board


By Christopher Stern
Washington Post Staff Writer
Wednesday, November 20, 2002; Page E01


WorldCom Inc.`s incoming chief executive, Michael D. Capellas, hasn`t officially started work yet, but he has already drawn up a plan for remaking the scandal-plagued company`s board of directors.

"I believe you can`t have more than two insiders on the board," Capellas said yesterday. As the incoming chairman, he will occupy one of those insider seats. The only reason to have a second insider, Capellas said, is to provide for an orderly transition in case of an emergency.

New chief executives are often given the opportunity to name new directors, but in the case of WorldCom, the board`s composition has taken on added importance because of the $9 billion accounting scandal that has engulfed the company since June. Capellas wants WorldCom to become a model of corporate governance, given the board`s legacy of presiding over the biggest case of corporate fraud in history.

The eight board members who served with the company during the period when the improper accounting took place are expected to offer their resignations shortly after Capellas officially takes over his new job Dec. 2.

Capellas said in a telephone interview yesterday that he will be looking for active board members with specific areas of expertise, including finance and accounting. In addition, Capellas, who has no previous experience in the telecommunications industry, said he will look for a board member with experience in the highly regulated industry.

"What is important with the role of the board is that the director bring some special skill," Capellas said.

But Capellas has already found that he can`t just walk in and clean house. Because WorldCom is in bankruptcy, he has been forced to jostle with the creditors who effectively control the company. One bondholder is informally calling for former New York mayor Rudolph W. Giuliani to be named to the board and usurp Capellas`s title of chairman.

Yesterday, the affable Capellas, who until last week was the president of Hewlett-Packard Co., said he is not at all put off by the aggressive approach of some of the company`s creditors. "I`m completely comfortable with it."

Many of the current board members, although technically independent, had close personal and business ties to Bernard J. Ebbers, WorldCom`s former chief executive. One board member, Stiles A. Kellett Jr., was pressured to step down after it was revealed that Ebbers had agreed to lease to him a WorldCom corporate jet for $1 a month plus other expenses. During the time of the one-year lease, Kellett, who headed WorldCom`s compensation committee, approved $408.2 million in loans to Ebbers. Eventually, Ebbers was forced to resign from the company, largely because of concerns that he would not be able to pay the debt.

Capellas said he will set up a process for finding new board members and creating a governance structure that he hopes will be a model for corporate America. He expects to create a nominating board that will include the three new directors who have joined the company since it revealed the accounting improprieties. He also expects creditors to participate in the nomination process, although it is not clear if they will have a formal role in picking new directors. "I won`t be making these decisions in a vacuum," Capellas said.

Capellas said yesterday that he has not talked to Giuliani about a potential role, but did say that he was flattered that the former mayor was interested in working with the company. "There is only one Giuliani," Capellas said.

Earlier this week, Giuliani`s investment firm, Giuliani Partners LLC, acknowledged that it is working with Matlin Patterson Global Advisors LLC, which owns much of WorldCom`s debt.

The firm is headed by David Matlin, who, sources said, is pushing for Giuliani. Although Capellas declined to discuss any specific position for Giuliani, he suggested there are alternatives to a board seat, including an advisory role.

He declined to comment directly on Giuliani`s ties to Matlin. When asked if Giuliani could be considered an independent director while working for a major investor in the company, Capellas said, "I think that is a very good question."

During the last week, Capellas has been traveling across the country, meeting with employees in an effort to build morale. WorldCom has undergone massive layoffs and months of being pilloried in the press as an example of corporate greed. Four of the company`s former executives have already pleaded guilty to fraud charges.

Capellas has also been talking with major customers in effort to reassure them about the company`s future. One of Capellas`s biggest selling points is that as the former president of Hewlett-Packard and former chairman of Compaq Computer Corp., he already knows many of WorldCom`s largest corporate clients.

Capellas said yesterday that his top priority is finding a new chief financial officer. The company`s former CFO, Scott D. Sullivan, is the only executive who has been charged with fraud but has not pleaded guilty to any charges. Prosecutors claim that Sullivan spearheaded an effort to manipulate WorldCom`s books to make the company appear profitable during a period when it actually lost money.

Capellas said it will take some time to find a CFO, but finding the right executive for that position "is absolutely the most important issue going forward."



© 2002 The Washington Post Company

[culp]

kleiner tip auf den eröffnungskurs und kursverlauf:

15:30 0,28
16:00 0,32
18:00 0,35
20:00 0,30
22:00 0,26

[Tornado 34]

´Noch kannste raus
Ich weis nicht so recht...glaube heue nicht

[thgb]

Kurs ist 15:30 bei 0,25 !!

[maxlost]

sieht gar nicht so schlecht aus

mal schauen was die OTC noch für Überraschungen
für uns bringt

[thgb]

@ maxlost

ja, für den der nicht dabei ist !!


Brief: 0,24 (75.226) 15:47:08
Geld: 0,23 (31.000) 15:47:08
Eröffnung: 0,28
Tageshoch: 0,30
Tagestief: 0,23
Letzte Kurse:
0,24 15:46:20 0,23 15:42:14
0,23 15:46:20 0,23 15:42:13
0,23 15:45:51 0,24 15:41:42
0,23 15:45:45 0,24 15:41:41
0,24 15:43:01 0,24 15:41:19
Handelsvolumen: 851.898
Gehandelte Stück: 3.067.001

[Newman8]

Na,ist der Boden für Heute gefunden?
Newman8

[calm trader]

Tagestief in Xetra 16 cents. Stop-Loss (das den Namen wirklich verdient hat) lässt grüssen.
In NY hält die 20 cent Marke wohl nicht - das wird weitere Verkäufe nach sich ziehen.
Das Schneeballsystem ist erstmal zusammengebrochen.
calm

[calm trader]

Korrektur - 20 cent halten vielleicht doch erstmal -
vielleicht gibts dann noch mal einen Rebound.
calm

[tester11]

Das geht heute noch tiefer, beim letzten Mal sind die wieder auf 0,10 zurück, schätze die 0,20 wird auch diesmal nich halten - schade !

[junkstro]

November 21, 2002
Giuliani to the Rescue? Wall St. Certainly Hopes So
By LANDON THOMAS Jr.


all Street has a new white knight, and his name is Rudolph W. Giuliani.

It was a point made clear this week when the former New York City mayor rode to rescue of WorldCom, the bedraggled telephone company, aiming to raise $1 billion for a bond fund that hopes to take control of it. This was a new role for the former mayor, and one that has in the past been played by figures like Robert E. Rubin, the former treasury secretary and Citigroup board member.

But times have changed. Wall Street finds itself wandering in darkness, and one of the few beacons of light is Mr. Giuliani. "Rudy is the crème de la crème of clean," says Guy Wyser-Pratte, a 1980`s era arbitrageur who now runs his own investment company. "If I had to put someone on my board, he would be the first person that I`d call."

Like a hot 1990`s dot-com stock, Mr. Giuliani is the flavor of the day. As companies all over Wall Street try to regain their good names, Wall Street itself — buffeted by attack after attack by the New York attorney general, Eliot Spitzer, on its investment banking and research practices — is desperate for the mayor`s seal of approval.

Occupying this sweetest of spots is Giuliani Partners, the consulting group set up by Mr. Giuliani after he left City Hall. With a client list that includes Purdue Pharma and Nextel Communications, Mr. Giuliani, in linking up with MatlinPatterson Asset Management, is now casting his eye toward WorldCom.

What his partnership intends to do with WorldCom is not yet clear. "It`s a post-bankruptcy set of guidelines that we are setting that would be for the highest practices of corporate governance," said Mr. Giuliani at a news conference yesterday. Indeed, there has been no formal communication yet between Giuliani Partners and WorldCom.

For the moment, though, Wall Street is not worrying about the details. Mr. Giuliani`s mere presence is enough to have deal makers up and down the street waiting in line.

"Everyone is paying up for him," says the fund manager Michael Holland of Holland & Company. "Mexico City, WorldCom bondholders, you name it. For this brief shining moment, Rudy`s name is an attraction for capital."

For Mr. Giuliani this is the rainmaking big leagues, and it is a far leap from his first foray into the business world. When Merrill Lynch asked him to help with Mr. Spitzer`s investigation, the former mayor and federal prosecutor called Mr. Spitzer and asked him to hold off going public.

Mr. Spitzer declined, and Mr. Giuliani`s skills as a fixer seemed less than adroit. It was an inside move similar to Mr. Rubin`s call last year on the behalf of Citigroup to see whether the Treasury Department might intervene with the ratings agencies to stop Enron`s free fall.

But, while Mr. Rubin`s sterling reputation might have taken on a dent or two, Mr. Giuliani was still wearing his post-9/11 Teflon. And as would become clear, he had a perfect sense of timing — or at least good luck.

As companies like Tyco, Global Crossing, Adelphia and WorldCom imploded, Wall Street began to crave a Mr. Clean to mop up the mess, especially after Harvey L. Pitt, the chairman of the Securities and Exchange Commission, resigned under a cloud this month.

After saving New York City, Mr. Giuliani would now be ready to save corporate America. "In this day and age, the public is demanding honesty and probity," says Thomas H. Lee, chairman of Thomas H. Lee Partners, a leveraged-buyout firm. "Rudy is a good guy to restore investor confidence."

Mr. Giuliani`s deft turn as a campaigner at large for Republican candidates all over the country only added to his luster. Wall Street loves nothing more than a winner. Even his losses seemed well chosen. Mr. Giuliani`s efforts on the stump in California for William Simon Jr. did not get him elected governor. But the chits he will retain from Mr. Simon, a wealthy investor himself, should serve the former mayor well in the capital raising game.

It is rarefied air for Mr. Giuliani. He is still a regular on the lecture circuit, taking in $100,000 at industry conferences across the country. He even looks more businesslike, having quietly lost his trademark combover late last year. All of which raises the million-dollar question: how important is Mr. Giuliani`s presence to a successful turnaround at a WorldCom and other beaten-down companies that may borrow his name in the future?

Very, say many investors on Wall Street. By bringing in high-profile figures like Mr. Giuliani to serve as potential chairmen of troubled companies, and emphasizing the independence that these people would have from company management, giant steps could be taken to regain the trust of the investing public.

So perhaps it is best to see Mr. Giuliani`s new role as a chairman of the board for hire. Although he sits on no board currently and has yet to commit to such a position at WorldCom, there is no mistaking its sweet ring: Rudolph W. Giuliani, chairman of the board. "I would think it would behoove all big companies to work with us and get the Giuliani Partners stamp of approval," says Michael D. Hess, the city`s former corporation counsel and a senior managing director at Giuliani Partners.



Copyright The New York Times Company

[junkstro]

Story [ 22.11.2002 10:58:23 ]


WorldCom may avoid fine in SEC deal -report
NEW YORK, Nov 22 (Reuters) - WorldCom Inc. <WCOEQ.PK> and
securities regulators are nearing a deal that may help the
bankrupt telecommunications company avoid a fine, Bloomberg
reported on Friday, citing people familiar with the matter.
Under the terms of the proposed settlement, the company
would have to establish court-approved financial controls and
the judge whose approval is required for any deal could impose a
fine later, the people said, according to the wire service.
Delaying or eliminating a fine could help the No. 2 U.S.
long-distance telephone company emerge from bankruptcy
protection intact and be better placed to repay the $41 billion
it says it owes creditors, Bloomberg said.
Clinton, Mississippi-based WorldCom is trying to settle
charges with the Securities and Exchange Commission that it
committed fraud by manipulating its financial records.
WorldCom could not immediately be reached for comment.
(( -- New York Newsdesk, 646-223-6000 -- ))

[junkstro]

November 27, 2002
WorldCom Strikes a Deal With S.E.C.
By SETH SCHIESEL and SIMON ROMERO


orldCom, the troubled long-distance carrier, struck an agreement with the Securities and Exchange Commission yesterday to settle the civil fraud suit against the company in a way that may allow it to avoid paying fines.

Federal Judge Jed S. Rakoff in Manhattan, who is overseeing the case, approved the deal yesterday, calling it "a model of what should be attempted in a case of this sort."

The settlement says that the S.E.C. may request that the judge approve a fine in the future, whether or not the company violates the terms of the agreement. The commission described the settlement as "partial" because of that possibility.

The deal, which took the form of a permanent injunction and a consent decree, requires WorldCom to refrain from breaking securities laws.

The commission sued the company on June 26, a day after WorldCom announced that it had misstated its financial results by $3.8 billion — an amount that after subsequent disclosures now exceeds $9 billion. WorldCom filed for Chapter 11 bankruptcy protection July 21, and has said it hopes to emerge from bankruptcy by next summer.

"The requirements of this agreement are squarely in line with steps we are already taking to restore public confidence in WorldCom," John W. Sidgmore, WorldCom`s chief executive, said in a statement.

A WorldCom spokesman declined to comment further.

Under yesterday`s deal, Judge Rakoff will continue to oversee the company`s behavior, largely through Richard C. Breeden, WorldCom`s court-appointed monitor, who has been keeper of the company`s purse strings. As a result of the settlement, Mr. Breeden will now also review a plan for overhauling WorldCom`s corporate governance structure that is being drafted by a special committee of the company`s board. The committee is expected to complete the plan by early next year.

Some WorldCom critics said yesterday that the settlement deal was too lenient.

"When you`re talking about the biggest bankruptcy in history you`d think the S.E.C. would be a little more thorough," said Tom Schatz, president of Citizens Against Government Waste, a public interest group in Washington. "What kind of example would this set if WorldCom is never fined for its actions?"

A spokesman for the S.E.C. declined to comment yesterday but the commission said in a statement that its "investigation into matters related to WorldCom`s financial fraud is continuing."

The S.E.C. sued WorldCom on fraud accusations in June, one day after the company first disclosed its financial misstatements. The company said that it had improperly accounted for billions of dollars in costs, a move that artificially inflated the company`s reported cash flow.

Within two months, WorldCom increased its estimate of the financial misstatements to about $7.2 billion. Three weeks ago, the company announced that it had inflated its earnings by an additional $2 billion — raising the total amount of the accounting manipulation to more than $9 billion.

As WorldCom made that new disclosure earlier this month, the S.E.C. filed additional charges against it. The agency accused WorldCom of engaging in fraud in the offering of securities to the public, and of maintaining false books and records in violation of federal securities laws. Both of those charges related directly to the company`s having misled investors by reporting false profits.

While yesterday`s partial settlement largely clears one legal hurdle for WorldCom, some of the company`s executives remain in legal jeopardy. Although WorldCom itself appears unlikely to be indicted by federal prosecutors, the United States attorney`s office in Manhattan has been investigating the role of individual WorldCom employees in the company`s financial maneuvers.

Scott D. Sullivan, formerly WorldCom`s chief financial officer, was arrested on Aug. 1 and has been indicted on criminal fraud charges. He has pleaded not guilty.

Other WorldCom executives, however, have pleaded guilty to charges relating to WorldCom`s collapse and have agreed to testify against Mr. Sullivan. Those executives include David F. Myers, the former controller, and Buford Yates Jr., the former accounting director.

Other former WorldCom financial executives, including Betty L. Vinson and Troy M. Normand, are also cooperating with prosecutors.

Bernard J. Ebbers, WorldCom`s former chief executive, has not been indicted.

WorldCom`s partial settlement yesterday follows the resolution of a separate issue: selection of a new chairman and chief executive for the company. WorldCom announced earlier this month that Michael D. Capellas, the former president of Hewlett-Packard and chief executive of Compaq Computer, had agreed to take the top jobs in early December.

WorldCom had been searching for a new chief executive since the summer, when the board asked Mr. Sidgmore, who has had that job since April, to step aside. Mr. Sidgmore is returning to the role of vice chairman that he played before Mr. Ebbers resigned in April.

Even with the S.E.C. fraud suit largely behind WorldCom, Mr. Capellas still faces major challenges. First among them may be to help the company continue to draft a plan for emerging from bankruptcy protection next year.

The company`s creditors are set to become its major stockholders if WorldCom is able to emerge from bankruptcy. But various factions of WorldCom`s bondholders are still trying to figure out how they should divide the stock.

The bondholders include holders of $25.5 billion in WorldCom bonds; holders of about $3.3 billion in bonds from MCI Communications, which WorldCom acquired in 1998; and holders of about $1.2 billion in bonds issued by Intermedia, a smaller communications carrier that WorldCom acquired in 2001.



Copyright The New York Times Company

[neuerporsche]

Ich habe meinem Sohn jetzt auch untersagt, jemals wieder schlechte Noten in der Schule zu schreiben. Damit habe ich nun auf einen Schlag ein guten Schüler aus ihm gemacht und muss keine Nachhilfelehrer mehr bezahlen.
Pisa ade!

[StocksResearch]

Wir sind jetzt selbst wieder eingestiegen mit 200.000 stck zu 0,25. Das Umfeld sieht bestens aus,Einigung heute mit SEC, Kurs heute abend in NY 0,30. Montag Antrittsrede vom neuen CEO Kurs 0,50 $. Ultimo 2002 1,00 $!
Bon Apetit beim Thanksgiving Truthahn morgen

[neuerporsche]

Nur Gewinnmitnahmen von Zockern. Kurs stabilisiert sich bei ca.0,26 $. Wir und alle Anleger, die über den Tellerrand hinaussehen können werden uns alle in 1-2 Tagen an kursen zwischen 0,35 -0,50 US$ erfreuen.
Capella wird sowieso wie in US üblich vor Weihnachten alles klarstellen und dann geht der Kurs sowieso gen 1,00 $. Deshalb auch die verstärkten Käufe von Insidern in den letzten Tagen.
MfG
rs

[StocksResearch]

Diese positive Entwicklung war abzusehen. Der Kurs bewegt sich nun seit November 2002 in Wellenbewegungen nach oben mit leichten Rückschlägen an den Widerstandmarken 0,25-0,30-0,40. Dies entspricht exact dem Szenario bei Eindeckungen von großen Anlegern,wenn shares von zittrigen Haenden in ruhige Hände Übergehen.
Auch wir haben gestern noch bei 0,20 € weitere 200 K in kleinen Tranchen nachgekauft, vielleicht auch damit den Kurs in Xetra stabilisiert, aber die positiven news heute und die Entwicklung seit dem Capellas-Deal geben uns Recht.

Yours sincerely

[StocksResearch]

Hier die zugrundeliegende Chartentwicklung, die im wesentlichen das Sentiment seit der Nachricht eines neuen und anerkannten CEOs wiederspiegelt. Die heutigen guten news werden ihr übriges tun zu einem weiteren Anstieg Richtung 0,50 €/$ zum Jahresultimo .

[neuerporsche]

Betrachten Sie diese Tatsachen:

1. Geld gießt innen - Überschrift in Richtung zu 2 Milliarde im
Bargeld. Sogar Sidgmore, nach dem Diebstahl andere 25 Million von den
Vermögenswerten der Anteilsinhaber, kann nicht die Profite
verstecken. Richter Gonzalez wünscht Sidgmore ihn aussehen wie sogar
mehr nicht von einem Dummkopf bilden. Es ist frei, nun da dieser
Bankrott nicht notwendig und ein betrügerischer Entwurf ist, die
Aktionäre zu brennen.

2. Die Gläubiger (jetzt verbunden mit betrügerischen Darlehen)
können nicht erlaubterweise verlangen, daß Opfer ihre Anteile
umdrehen. Beurteilen Sie sogar Arthur Gonzalez isn`t dumm genug, um
aus den Aktionären zu verkaufen, um Verbrecher zu belohnen. Die Welt
weiß. Die Gläubiger haben erlaubterweise ihren Platz am Banketttisch
eingebüßt. Sie können nicht verlangen, vollständiges gebildet zu
werden basiert worden auf ihrer kriminellen Verschwörung mit Bernard
Ebbers und Worldcom.

3. Die New York Pensionkapital und -andere kämpfen für die
Aktionäre. MCI/WorldCom hält, die Anteile an Bord anstatt kämpft
die vielen Gesetzklagen. Außerdem sind Aktionäre wahrscheinlich, die
Unterstützung des Senators John McCain zu gewinnen, der gebeten wird,
die Aktionäre darzustellen. Alles sehnt sich sollte schreiben dem
Senator John McCain, Senat-Büro Gbd, Washington, DC. Dieses muß
jetzt getan werden!

4. Neue Führung an MCI/WorldCom fährt den Anteilpreis aufwärts.
Neue Kunden springen innen, und der Vorrat ist zurück auf dem Brett.

5. Erneuerte Bundeskontrakte - mehr$$$$$$. $$#8>
6. Werte übersteigen Schuld durch einen 2 bis 1 Seitenrand, und
Schuld entspricht nur 18 Monaten Einkommen.

7. Da Unkosten geschnitten werden, erhöhen sich Profite.

8. 25 - 30 Milliarde im jährlichen Einkommen.

9. Vorrat hat im Wert mit so vielem wie 70 Million Aktienhandel
verdreifacht.

10. Es liegt auf der Hand, daß es viel des Geldes und viel des Raumes
am Tisch für die 3 Milliarde allgemeinen Anteile gibt, die bald zum
Handeln zurückgehen.

11. Präsident Bush und John Ashcroft verläßt ihre Unterstützung
ihrer republikanischen Gläubigerfreunde und rät Richter Gonzalez, um
Gesetz zu üben anstatt Betrug, einfach, weil dieser Kommunikationen
Riese zu groß ist und zu schnell bewegt, um die Aktionärbilligkeit
(60 Milliarde Dollar, Schuld frei und Kunden gegründet) durch
Unter-dtabelle Abkommen zu stehlen.

12. 70% des Internets, 20 Million MCI Kunden, das Pentagon, die
allgemeinen Dienstleistungen Leitung, Proktor und Glücksspiel,
Chrysler, Betriebe in 65 Ländern! Sehnt sich, schreibt dem Senator
John McCain und klickt an den Pfosten unten für positivere
Nachrichten:

[PremiumS]

und was bedeutet das jetzt???

[neuerporsche]

Von Sybille, meinem Schätzchen...

WCO STÄRKSTES KAUF!!!!!


Mit über $1 Milliarde im Bargeld, unser finanzielles

Umstrukturieren als Katalysator

Das Umstrukturieren, obwohl häufig schmerzlich, kann als positiver
Katalysator für Änderung dienen. Und, an Worldcom hat es. Unsere
neue finanzielle Managementmannschaft hilft Leitung Worldcom in eine
neue Ära der finanziellen Vollständigkeit. Wir glätten schnell
Betriebe und erzielen erhebliche Leistungsfähigkeiten, ohne Qualität
des Services zu opfern. Die Resultate sind in unserem finanziellen
Fortschritt bis jetzt bereitwillig offensichtlich.

Kassenposition

Ein verbessertes finanzielles System in Platz einzusetzen - zusammen
mit den besten Leuten, zum er laufen zu lassen - ist ein bedeutendes
Teil unserer Umstrukturierenbemühung. Wir führen ein
state-of-the-art Rechnungssystem ein, das dem Vorgesetztbericht und
-verantwortlichkeit ermöglicht. Wir ziehen obere Finanzleute der
höchsten Vollständigkeit ein, um die zwingendste Politik und die
internen Kontrollen zu entwickeln und zu erzwingen. Welches
unabhängig von unserem neuen externen Revisor, KPMG revidiert wird
und innerlich von einem erweiterten Personal der internen Bilanz
überwacht.



Worldcom hat jetzt gut über $1 Milliarde von Bargeld an Hand. Wir
haben auch $1.1 Milliarde in der vorhandenen Finanzierung - aber wir
haben nicht hinunter einen Groschen dieser Kapital gezeichnet. Das
ist, weil unser Fokus auf Leistungsfähigkeit weg in einem Geschäft
gezahlt hat, das bedeutendes Bargeld jeder Monat erzeugt. Zu unseren
Kunden bedeutet unsere starke Kassenposition anhaltende glatte
Betriebe und Service. Zu unseren Lieferanten bedeutet sie die
Versicherung der Zahlung im normalen Geschäftsgang.


Einkommen

Im dritten Trimester von 2002 allein, produzierten wir $7.1 Milliarde
in den Einkommen und erzeugten $1.2 Milliarde in EBITDA (Einkommen vor
Interesse, Steuer, Abschreibung und Tilgung). Während dieses nicht
dasselbe wie völlig Rentabilität ist, ist es ein erheblicher Schritt
in der rechten Richtung.


Errichten einer finanziellen Infrastrukturs

Ein verbessertes finanzielles System in Platz einzusetzen - zusammen
mit den besten Leuten, zum er laufen zu lassen - ist ein bedeutendes
Teil unserer Umstrukturierenbemühung. Wir führen ein
state-of-the-art Rechnungssystem ein, das dem Vorgesetztbericht und
-verantwortlichkeit ermöglicht. Wir ziehen obere Finanzleute der
höchsten Vollständigkeit ein, um die zwingendste Politik und die
internen Kontrollen zu entwickeln und zu erzwingen. Welches
unabhängig von unserem neuen externen Revisor, KPMG revidiert wird
und innerlich von einem erweiterten Personal der internen Bilanz
überwacht.

Die Zukunft

Unsere neuen finanziellen Tätigkeiten zeigen, daß Worldcom an einer
Zukunft festgelegt wird, in der wir in Übereinstimmung mit den
höchsten Buchhaltungstandards funktionieren. Indem wir effektiv das
Geschäft handhaben und Kontrollen- und Suchenleistungsfähigkeiten
festziehen, bilden wir Fortschritt in Richtung zur Rentabilität.
Unsere Finanzen sind gesuender als jedermann, das ihnen, gegenwärtig
zu sein erwartet wird. Und unsere Bürgschaft zum Qualitäts,
dienstleistungen, Innovation und Konkurrenz zur Verfügung zu stellen
fortzufahren bleibt undiminished.



In den kommenden Wochen erklären wir Ihnen mehr über unseren Status
und Initiativen in einigen anderen Geschäftsbereichen. Es ist ein
Teil einer fortwährenden Bemühung, Sie zu halten informiert. Wir
sind auf den Fortschritt stolz, den wir bilden, und wir wünschen Sie
wissen.

Folgende Woche, ein Update auf unserem Management und
Politikänderungen. Zu mehr Information besuchen Sie uns an
www.worldcom.com/go/finance.


http://www.worldcom.com/us/info/update/finance.xml

gruss, sybille

[neuerporsche]

"Proktor und Glücksspiel" großer Kund, nett gell!?

[sybilleh]

#Libidoverlängerer:

Na du kannst übersetzen! Kein Wunder musste dich hinter deiner Blechkiste verstecken!!!

gruss sybille
(ich kann Englisch)

[neuerporsche]

@ Sybillchen, mein Schätzchen, kannst du auch französich und griechisch?

[neuerporsche]

Keiner geht auch nur einen tausendstel penny unter 0,20 .Stabilere Bodenbildung hab ich selten gesehen...

[sybilleh]

Griechisch??? Bin ich ein Mann??? Jetzt hörm bloß auf! Na, auf das, wo du drauf stehst, kann ich getrost verzichten!

Du bist wohl auch so einer:

Sanitäter kommt zum schwerverletzten Porschefahrer.
Porschefahrer: Mein Porsche, mein schöner neuer Porsche, mein Porsche, ganz kaputt, mein schöner neuer Porsche....
Sanitäter: Eh Mann, dein Porsche sollte dir jetzt egal sein, du hast ganz andere Sorgen, z.B. fehlt dir dein linker Arm. Porschefahrer: Mein linker Arm?...Meine Rolex, meine schöne neue Rolex......

sybille

[Graf_Yoster]

Warum hält sich die Geschäftsführung der WorldCom so zurück ??
Was haben die davon, wenn sie den Kurs niederschweigen ??

Habt Ihr ne Ahnung .....

[StocksResearch]

vwd:"WSJ": US-Telefonanbieter erhöhen Gebühren



New York (vwd) - Einige US-Verbraucher müssen künftig höhere Preis für
das Telefonieren zahlen. Nur wenige Tage nachdem die beiden Anbieter AT&T
Corp und MCI Group die Gebühren für Ferngespräche angehoben haben, drehten
sie nun ein weiteres Mal an der Preisschraube, schreibt das "Wall Street
Journal" (WSJ) in seiner Freitagausgabe. So hebe die zur WorldCom Inc,
Clinton, gehörende MCI Group die Gebühren für einige beliebte Verträge um 29
Prozent auf 0,09 (0,07) USD je Minute an. Es handele sich um die vierte
Preiserhöhung seitdem die Muttergesellschaft WorldCom im Juli
Gläubigerschutz beantragt hatte, schreibt das Blatt.

Die AT&T Corp, New York, hebe die Preise für internationale Gespräche,
die nicht Bestandteil so genannter Calling Plans sind, vom 1. März an um
durchschnittlich acht Prozent an. Analysten gingen davon aus, dass nun auch
Sprint Corp die Gebühren ein weiteres Mal erhöhen wird, heißt es in dem
Artikel.

Die führenden Anbieter von Ferngesprächen hatten im Jahr 2000 damit
begonnen, die monatlichen Grundgebühren und die Mindestzahlungen anzuheben,
nachdem das auf jährlich rund 110 Mrd USD geschätzte Geschäft mit
Ferngesprächen ins Trudeln geraten war. Sie verlören inzwischen weitere
Kunden, da diese zunehmend E-Mail und Mobiltelefone für die Kommunikation
nutzten. Zudem sei der Konkurrenzdruck wegen des Auftretens vieler
regionaler Anbieter zuletzt deutlich gestiegen.
vwd/DJ/11/3.1.2003/mi/nas

[StocksResearch]

0.19 !


WorldCom Inc-WorldCom Group - Other OTC: WCOEQ

Consolidated Real-time Market Quote*
Last Change (%) After Hours Chg (%)** Bid Ask Trade Time
-- -- -- -- -- --

--------------------------------------------------------------------------------
Exchange QuoteLast Change (%) Bid (size) Ask (size) Trade Time
0.19 0.012 (6.74) 0 (0) 0 (0) 09:41
Day Volume Last Size Open High Low
3,977,700 5,000 0.18 0.19 0.179

[StocksResearch]

0.195

WorldCom Inc-WorldCom Group - Other OTC: WCOEQ

Consolidated Real-time Market Quote*
Last Change (%) After Hours Chg (%)** Bid Ask Trade Time
-- -- -- -- -- --

--------------------------------------------------------------------------------
Exchange QuoteLast Change (%) Bid (size) Ask (size) Trade Time
0.195 0.017 (9.55) 0 (0) 0 (0) 09:53
Day Volume Last Size Open High Low
5,965,600 10,000 0.18 0.195 0.179

[StocksResearch]

sieht gut aus...0,18 sind gefallen.
Last 10 trades


Time Price Volume Exchange Info


11:09:59 0.180 25000 OTC BBS
11:09:59 0.180 13300 OTC BBS
11:09:58 0.180 10300 OTC BBS
11:09:58 0.180 1400 OTC BBS
11:09:57 0.180 10000 OTC BBS
11:09:53 0.179 5000 OTC BBS
11:09:53 0.179 200 OTC BBS
11:09:53 0.180 30000 OTC BBS
11:09:24 0.181 25000 OTC BBS at Ask
11:08:13 0.181 3000 OTC BBS at Ask

[StocksResearch]

]Interessante Aktionärs-struktur viele große Institutionelle sind dabei!!!Pensionskassen usw.
http://holdings.nasdaq.com/asp/Institutional.asp?CIK=&Holder… OTC&coname=WORLDCOM+INC%2DWORLDCOM+GRO&LogoPath=&pageName=Holdings+Summary[/URL" target="_blank" rel="nofollow ugc noopener">http://holdings.nasdaq.com/asp/Institutional.asp?CIK=&Holder… OTC&coname=WORLDCOM+INC%2DWORLDCOM+GRO&LogoPath=&pageName=Holdings+Summary[/URL

[DerWuestenfuchs]

#201
Bitte dazu erwähnen, dass die großen Institutionellen ihre Bestände nahezu alle bis auf 0 gefahren haben. Insges. ein Volumen von ca. 1,7 Mrd. Aktien !

Gut ist allerdings, dass die Pensionskassen nicht "kapituliert" haben. Die werden um den Erhalt der Investition hoffentlich kämpfen.

[StocksResearch]

link zum klicken:
http://holdings.nasdaq.com/asp/Institutional.asp?CIK=&Holder…

[DerWuestenfuchs]

Hat sich mal jemand die 6 Monats-Chartformation angesehen ? Könnte noch als Ausbruch aus einer Wimpelformation enden. Das + steigendes Volumen + Candlestick "Hammer"....

Wird auf jeden Fall nicht langweilig.

[StocksResearch]

Macht sich hervorragend. Cappellas und sein neues Team:

WorldCom Announces Key Initiatives for First 100 Days

CLINTON, Miss., Jan 14, 2003 /PRNewswire-FirstCall via COMTEX/ -- WorldCom, Inc. (WCOEQ, MCWEQ) Chairman and CEO Michael Capellas today outlined an extensive plan to re-focus the company`s efforts over the next 100 days, leading to the filing of its plan of reorganization this spring. In a presentation to WorldCom`s 60,000 employees, Capellas outlined the company`s key initiatives, including plans to launch new consumer and business products and services, to aggressively address the small- to medium-sized business market, and additional corporate integrity initiatives. Capellas also announced a new corporate leadership structure.

"The assets are in place; our customers are supportive," said Capellas. "We have a lot of hard work to do. Today we are injecting clear focus and an outrageous sense of urgency into the mix which will drive us to achieve great things in a short amount of time."

Throughout the next 100 days, Capellas said the company will launch new products appealing to both businesses and consumers. He said there will be a strong focus on its award-winning product, The WorldCom Connection, which is based on the convergence of the company`s voice and data networks -- delivering more products to businesses for better value.

On the consumer side, Capellas announced a series of initiatives to address the local and long-distance markets, including the expansion of its integrated offering, The Neighborhood built by MCI, as well as new standalone long-distance products. Capellas said he expects the division to generate 1 million new Neighborhood sales and 2.5 million new consumer long-distance sales over the next 100 days.

"With a targeted action plan and disciplined execution, we have the opportunity to attack the marketplace like never before," said Capellas. "We are going to equip our sales forces with the tools they need, and the products our customers want, to be successful."

Capellas also emphasized the company`s commitment to corporate integrity and rebuilding trust in the marketplace, with employees, and with the public. He pointed to the company`s new Board of Directors, the recent creation of a Corporate Ethics Office, an enhanced Code of Ethics, and new employee financial reporting and ethics training initiatives as examples.

"When I took this job I committed myself to the highest ethical standards," said Capellas. "Each member of our executive management team has made the same pledge, and we will work to institute these standards throughout the company. Everyone should know that our company will do the right thing because it`s the right thing to do."

Also announced today was Capellas` new leadership structure. Executives now reporting to Capellas are:


Cindy K. Andreotti, President, Business Markets
Seth Blumenfeld, President, WorldCom International
Fred Briggs, President, Operations and Technology
Daniel Casaccia, Executive Vice President, Human Resources
Jonathan Crane, Executive Vice President, Strategy and Marketing
Victoria Harker, Acting Chief Financial Officer
Wayne Huyard, President, MCI Mass Markets
Michael Salsbury, Executive Vice President and General Counsel
Grace Chen Trent, Chief of Staff

"Our management team has the experience, vision and knowledge to lead the company forward," said Capellas. "Today we have a fresh start; we have a plan; and we have our priorities straight -- customers first, customers second, customers third."

A replay of Michael Capellas` 100-day plan employee address can be found until January 21, 2003 on www.worldcom.com .

About WorldCom, Inc.

WorldCom, Inc. (WCOEQ, MCWEQ) is a pre-eminent global communications provider for the digital generation, operating in more than 65 countries. With one of the most expansive, wholly-owned IP networks in the world, WorldCom provides innovative data and Internet services for businesses to communicate in today`s market. In April 2002, WorldCom launched The Neighborhood built by MCI -- the industry`s first truly any-distance, all- inclusive local and long-distance offering to consumers. For more information, go to www.worldcom.com .

SOURCE WorldCom, Inc.


CONTACT: Brad Burns or Claire Hassett, +1-800-644-NEWS, both of
WorldCom, Inc.

URL: www.worldcom.com
www.prnewswire.com


Copyright (C) 2003 PR Newswire. All rights reserved.

[StocksResearch]

Es geht los! Wir raten dringend zum Kauf!Wir sind selbst mit 300.000 stck. investiert durchschnittl. KP 0,185
mfg

[jetti]

up mit 50 kilo schnitt 0,20

[StocksResearch]

Last 10 trades


Time Price Volume Exchange Info


10:19:59 0.192 5500 OTC BBS
10:19:56 0.192 10000 OTC BBS
10:18:35 0.191 150000 OTC BBS
10:18:35 0.192 50000 OTC BBS
10:18:23 0.192 1000 OTC BBS
10:18:18 0.192 9500 OTC BBS
10:17:42 0.191 4400 OTC BBS
10:17:42 0.191 800 OTC BBS
10:17:30 0.192 10000 OTC BBS
10:17:26 0.191 250000 OTC BBS

[junkstro]

January 20, 2003
No Shortage of Opinions on Salvaging WorldCom
By SETH SCHIESEL


Michael D. Capellas, who became chairman and chief executive of WorldCom in December, made his first public comments last week on how he intends to revive the telecommunications company. His "100-day plan" included few specifics about how the company hopes to emerge from bankruptcy protection. Instead, Mr. Capellas focused on cutting costs and on initiatives to keep customers who could be rattled by WorldCom`s executive turmoil and its $9 billion accounting scandal.

Mr. Capellas said WorldCom would be forced to cut jobs over the next few months, (he did not say how many) as it tried to return to financial stability. At the same time, he expects employees to sign up 1 million new residential customers for local telephone service and 2.5 million new individual long-distance subscribers over the next three months.

Perhaps even more important, WorldCom will try to persuade its large corporate customers to stay with the company. Initial data suggests that WorldCom, which acquired M.C.I. in 1998, has already lost billions of dollars in annual revenue since the company`s heyday a few years ago.

Business Day asked six people who have followed WorldCom`s travails to suggest what it should be doing now. Their answers represented consumer, regulatory, financial and religious points of view. (The United Church of Christ has filed comments about WorldCom with the Federal Communications Commission.) Some urged additional action against the company by the government. Two invoked the legacy of William McGowan, M.C.I.`s longtime chairman, who died in 1992, but did so to support contradictory points of view.

Following are excerpts from their comments.

Howard Anderson

Senior Managing Director, YankeeTek, a venture capital firm

One, they should specialize in serving sophisticated corporations, the people who have high demands and who have big communications budgets: the General Electrics, the Merrill Lynches, the Goldman, Sachs of the world.

Two, they should avoid the consumer who shops based on price. I`m almost asking myself what would Bill McGowan do. If he went after any part of the consumer market, he would go after the part that spends $100 a month or more.

Third, define whom they are going after. My view is that Sprint is vulnerable. Don`t go after AT&T. AT&T is going to keep its part of the high-end corporate market, but Sprint will give up part of that to WorldCom.

McGowan had an implicit understanding of where the market was going, and he could come up with innovative services to meet the needs of the company`s customers, and that`s something they`ve kind of lost sight of. They`ve kind of lost their way here and it`s become a price, price business.

William Barr

General Counsel, Verizon; Former U.S. Attorney General

WorldCom committed the largest fraud in American history. Indeed, the company was built on fraud, using its inflated stock to make acquisitions and its kited balance sheet to borrow billions to fund growth and operations.

Investors lost more than $175 billion, and WorldCom`s crimes made victims out of every honest company struggling to survive the telecom meltdown. If there`s a cardinal rule of American justice, it`s that "crime doesn`t pay." Thus, enforcement actions are designed not just to punish, but also to ensure that any advantages gained through wrongdoing are eliminated.

The government`s lack of enforcement action against WorldCom has been baffling. WorldCom has not been indicted, and the Securities and Exchange Commission negotiated a partial settlement, notwithstanding WorldCom`s refusal to admit any culpability.

The only just result is for the government to demand an auction of WorldCom`s assets. Buyers would pay a fair price, washing away the competitive taint of WorldCom`s crimes. Employees would stay employed. And assets important to national security would remain in operation, but with new and honest ownership.

The Rev. Robert Chase

Executive Director, Communications, United Church of Christ

WorldCom`s 100-day plan of action begs two questions: First, is WorldCom fit to serve as a steward of our national and telecommunications infrastructure? And second, have federal regulators done their job to prevent a WorldCom accounting fiasco from happening again?

While WorldCom`s "100 days" has a nice ring to it, there should be no pre-emption of the careful process needed to make another telecom debacle impossible.

Only the F.C.C. can send an unequivocal signal to the rest of the telecommunications world that WorldCom has been unfit to serve as an information age steward.

Our message is simple: character counts. We seek from the Federal Communications Commission a long-overdue rule-making that puts teeth into this premise for WorldCom and the entire telecom industry. The flagrant disregard for the public trust and the arrogant and egregious acts perpetrated on the American public by WorldCom offer a window through which we can see what can go horribly wrong when those charged with upholding the public interest violate that solemn trust on a scope and scale unprecedented in telecommunications history.

What we really need is a "100-day plan" from the F.C.C. to restore integrity to WorldCom and the rest of the telecommunications world.

William E. Kennard

Managing Director, Carlyle Group; Former F.C.C. Chairman

Unlike most bankrupt telecom companies, WorldCom`s problems stemmed principally from scandal, not from excessive debt or a fundamentally flawed business plan. WorldCom is a real company with a proven business model and some valuable, well-performing assets. It has over $2 billion in monthly revenue, $300 million in monthly earnings before interest, taxes, depreciation and amortization, and approximately $2 billion in cash on hand.

The new leadership of WorldCom should work hard to keep WorldCom`s core businesses intact: the company`s Internet backbone, enterprise long-distance and government-services businesses.

Having purged its old leadership, WorldCom`s new leaders must continue to work hard to restore the confidence of regulators, creditors and Wall Street.

WorldCom still remains a collection of companies acquired by Bernie Ebbers (WorldCom`s former chief executive) that were never successfully integrated. Michael Capellas must focus on integrating these serial acquisitions. If he can pull all of this off, WorldCom will emerge from bankruptcy — a rite of passage for many telecom companies today — as a formidable competitor with great assets.

Gene Kimmelman

Washington Director, Consumers Union

If you want to remain a player in the consumer telecom arena, quit raising your prices and go back to the vision of aggressive cutthroat competition at lower prices for all consumers.

WorldCom was the leader in challenging monopolies by putting the lowest prices on the table and aggressively reaching out to consumers. Besides being tarnished by scandal, now they`ve raised rates for long-distance customers three times in the last few months. I fear that they`re turning from the Bill McGowan tradition of being the aggressive low-cost competitor, and I`m fearful that if they raise prices, that doesn`t do much for consumers. It may make them a more attractive takeover target, but they would be abandoning their traditional position in the marketplace.

We`ve deregulated this industry on the theory that it can sustain healthy competition without government oversight. WorldCom needs to return to being the aggressive, scrappy, low-cost competitor. If that`s not sustainable, it really raises the question of why we deregulated in the first place.

It doesn`t do consumers very well to have the same names in the marketplace and giving the appearance of real competition and lower prices but not delivering the reality. I say, Go for broke.

Richard Klugman

Telecommunications Analyst, Jefferies & Company

The most important thing for WorldCom in the marketplace is to manage the relationships they have with customers. They are not in a position to hunt for new customers, given that they are still in bankruptcy. They are in a position, given the little bit of good will I think Capellas is getting, to go out to customers and try to explain to them why they should stay with WorldCom.

If you look at the numbers that they`ve put out, it`s not encouraging, however. Their revenues have declined in each of the last three or four months.

One thing I would be exceptionally worried about if I were running this company would be service quality — both in customer service and network reliability — because as soon as any of their customers find any flaws, they`re going to attribute it to a lack of capital, to excessive layoffs. If a problem happened at AT&T, no one would draw any extra conclusions about it, but WorldCom is being held to a higher standard. They are on probation with their customers, and they need to really prove that they are as good, if not better, than they ever were.



Copyright 2003 The New York Times Company

[StocksResearch]

Aus der FTD vom 17.3.2003 www.ftd.de/worldcom
Worldcom schreibt fast sein gesamtes Netz ab

Von Ulrike Sosalla, New York

Der insolvente US-Telefonkonzern Worldcom hat am Freitag mit einer Abschreibung von knapp 80 Mrd. $ eingestanden, dass große Teile seines weltweiten Daten- und Telefonnetzes kaum noch Wert haben. Die Abschreibung ist der höchste Betrag, den ein US-Unternehmen bisher auf einmal aus seinen Büchern gestrichen hat.




Und der zweithöchste überhaupt nach den 110 Mrd. $, die AOL Time Warner nach seiner missglückten Fusion bereinigt hat. Worldcom streicht nicht nur Goodwill in Höhe von 45 Mrd. $, also den Wert von immateriellen Anlagen, sondern verringert zusätzlich noch den Buchwert seiner materiellen Anlagen - Netze, Ausrüstung und Gebäude - von 44,8 auf 10 Mrd. $. Damit spiegelt Worldcom den enormen Wertverlust von Datennetzen wider, die es im vergangenen Jahrzehnt für Milliardenbeträge aufbaute. Die hohe Summe, höher als von den meisten Analysten erwartet, könnte eine Signalwirkung für andere Telefonkonzerne wie AT&T oder Sprint haben, ebenfalls höhere Abschreibungen anzusetzen.



Realer Effekt der Milliardenkorrektur


Kaum Einfluss hat die enorme Summe der Berichtigung jedoch auf Worldcoms tägliches Geschäft. Da lediglich Buchwerte geändert werden, fließt kein Bargeld, und auf seine Kreditwürdigkeit - die sich unter anderem am Verhältnis von Schulden zu Eigenkapital orientiert - muss der Konzern keine Rücksicht mehr nehmen, da er ohnehin zahlungsunfähig ist. Der einzige reale Effekt der Milliardenkorrektur ist daher positiv: Worldcom muss nun geringere Abschreibungen im laufenden Geschäft vornehmen, was den Gewinn hebt. Die Summe fiel im Dezember auf 143 Mio. $ von 480 Mio. $ im November.


Trotz dieses Effekts schrieb der Konzern allerdings im Dezember weiter rote Zahlen, wie aus dem Ergebnis hervorgeht, das Worldcom am Freitag dem Insolvenzgericht vorlegte. Der Verlust lag bei 47 Mio. $, der Umsatz hielt sich stabil bei 2,2 Mrd. $. "Das ist beängstigend, sie verlieren immer noch Geld, und das nach den Abschreibungen und obwohl sie keine Zinsen mehr zahlen", sagt Telekommunikationsanalyst Patrick Comack von der Investmentbank Guzman & Co. Gut entwickelte sich hingegen der Bargeldvorrat, der von 2,3 auf 2,5 Mrd. $ stieg.




Verluste halten an


Um so gespannter warten Beobachter auf den Sanierungsplan, den der neue Konzernchef Michael Capellas, der frühere Vorstandsvorsitzende des Computerherstellers Compaq, bis Mitte April dem Insolvenzgericht vorlegen will. Worldcom hatte im Juli 2002 die bisher größte Insolvenz der USA mit einer Bilanzsumme von 107 Mrd. $ angemeldet.


Capellas vorläufiger Plan sieht vor, im Lauf dieses Jahres 2,5 Mrd. $ an Kosten einzusparen, um das Unternehmen so in die Gewinnzone zu bringen und im Herbst wieder aus dem Insolvenzverfahren hervorzugehen. Wo genau die Einsparungen herkommen sollen und ob Teile von Worldcom verkauft werden, legte Capellas bisher noch nicht fest.




Kundenbindung als oberstes Ziel


Kaum noch sparen kann der neue Chef bei den Instandhaltungskosten für das Telekommunikationsnetz. Obwohl Worldcom dafür im Dezember mit 108 Mio. $ fast doppelt so viel ausgab wie im November, liegt die Zahl immer noch weit unterm Branchendurchschnitt. Worldcom gebe nicht einmal fünf Prozent des Umsatzes für Instandhaltung aus, gibt Comack zu bedenken, während der Betrag bei den Konkurrenten eher bei 10 bis 15 Prozent des Umsatzes liege.


Statt in das Netz investiert Worldcom derzeit alle Anstrengungen in die Kundenbindung - mit einigem Erfolg, wie die Umsatzzahlen belegen. Zum ersten Mal seit dem Insolvenzantrag im Juli stieg der Umsatz, wenn auch nur sehr leicht um 24 Mio. $. Das deutet darauf hin, dass Großkunden nicht wie zunächst erwartet zu Konkurrenten wie AT&T abgewandert sind.



© 2003 Financial Times Deutschland

[StocksResearch]

Über Katapulte und Pit Bullen – und über Adam und Eva
Wooow!!! – Die Aktien reagierten in den vergangenen Tagen wie von einem Katapult nach oben geschossen. Für Sie als Leser sollte zumindest die Richtung keine Überraschung gewesen sein.



Erwähnte Unternehmen
Name WKN Kauf Verk. News
Aixtron 506620
Allianz 840400
Bayer 575200
DaimlerChrysler 710000
Deutsche Bank 514000
Deutsche Telekom 555750
Gericom 565773
Teleplan 916980


Eine Wende mit Ansagen
Ebenso wie im vergangenen Oktober, so ist uns auch dieses Mal einen Tag vor der Wende die Prognose derselbigen gelungen. Da soll noch einer sagen, Technische Analyse ist Kaffeesatzleserei. Obendrein brauchen wir uns mit diesem Timing auch nicht vor anderen Technikern verstecken. Ganz im Gegenteil, einige Vertreter dieser Zunft stocherten in den vergangen Tagen ganz schön im Nebel. Dabei sind Wenden gar nicht so schwierig zu prognostizieren, vorausgesetzt man wendet auch etwas unkonventionellere Methoden wie z.B. die Fibonacci-Projektionen an. Viel schwieriger sind da schon die Mittelstücke von Bewegungen zu handeln. Wie beispielsweise jetzt.


Wende für längere Zeit
Eigentlich spricht vieles dafür, dass der vergangene Mittwoch den Tiefpunkt für eine längere Zeit markiert hat. Die Stimmung hat in den letzten Wochen geradezu typische Kennzeichen eines längeren Bodens gezeigt. Dabei erreichten die meisten Sentiment-Indikatoren nicht einmal mehr die Pessimismus-Spitze des vergangenen Oktobers (auch unser LQM nicht), wo doch die Kurse zumindest in Deutschland zuletzt auf einem tieferen Niveau eine Wende vollzogen. Vielmehr zeichnete sich der zuletzt festzustellende Pessimismus eher durch Apathie als durch Angst aus. Irgendwie hatte man die Lust an den Aktien verloren. Hochinteressant vor diesem Hintergrund war auch die Lektüre der „Euro am Sonntag“ vom vergangenen Wochenende. Angefangen vom Titelblatt – der Titel behandelte die Misere der deutschen Versicherungen – bis zu vielen weiteren Äußerungen, in denen immer mehr oder weniger vor Investments gewarnt wurde bzw. in denen eine abwartende Haltung empfohlen wurde. Und das, obwohl der Dax bis zum Wochenende schon deutlich in „Vorleistung“ gegangen war. Interessant vor diesem Hintergrund ist auch die gestrige Äußerung des Chef-Investmentstrategen von Merrill Lynch, Richard Bernstein, zur jüngsten Aktien Rallye zu sehen. Er rät dazu, in die Stärke des Marktes hinein zu verkaufen. Bravo, Herr Bernstein, mit dieser Empfehlung dürften Sie Ihren Kunden in den kommenden Wochen viel „Freude“ machen. Nachdem diese nämlich während der Baisse jede Menge Geld verloren haben, sind sie nun auch nicht mehr dabei, wenn es kräftig nach oben gehen wird. Man könnte jetzt wieder viel über die Investmentbanken und die Marktanalysten lästern. Aber lassen wir es und freuen uns statt dessen, dass es solch gute Contra-Indikatoren gibt.


Noch viel Potential nach oben
Jetzt wo die untere Marktwende mit 99 %iger Wahrscheinlichkeit vollzogen wurde und von uns richtig und vor allem rechtzeitig prognostiziert wurde, geht es darum, sich Gedanken über das Ausmaß dieser Aufwärtsbewegung zu machen. Unter Elliott-Wellen-Gesichtspunkten gehen wir davon aus, dass mindestens die Abwärtsbewegung seit dem Frühjahr vergangenen Jahres, welche bei Dax-Kursen oberhalb von 5.400 Punkten startete, am letzten Mittwoch zuende gegangen ist. Eine genaue Erklärung dieser Wellen-Aussage muss hier leider unterbleiben, da sie den Platz sprengen würde. Wenn wir mit dieser These recht haben sollten, so lässt sich daraus schließen, dass die jetzt laufende nach oben gerichtete Welle in einem „vernünftigen“ Verhältnis zur abwärtsgerichteten Welle stehen sollte. Unter vernünftig ist dabei zu verstehen, dass nun mit einer Aufwärtskorrektur zu rechnen ist, die gut und gerne die Hälfte des vorangegangenen Baisse-Stücks (seit März 2002) wieder gut macht. Zu deutsch: Dax-Notierungen um 3.500 Punkte sollten durchaus ins Kalkül gezogen werden. Mit etwas Phantasie lassen sich für diesen Pit Bull Market auch noch deutlich höhere Kursziele ausmachen. Allerdings hatten wir uns beim letzten Pit Bull Market etwas zu weit aus dem Fenster gelehnt, weshalb wir dieses Mal etwas vorsichtiger prognostizieren.


Nochmals zum Pit Bull
Unter Pit Bull Market verstehen wir hier innerhalb einer übergeordneten Riesen-Baisse (vom Jahr 2000 bis vermutlich über das Jahr 2010 hinaus) eine Aufwärtsbewegung, die zwar den scharfen Charakter einer Bearmarket-Rallye hat, aber zeitlich gesehen viel länger dauert und obendrein von heftigsten Gegenbewegungen (nach unten) unterbrochen wird. Konkret gehen wir für den laufenden Pit Bull von einer Dauer von mindestens drei Monaten aus, aber auch sechs oder neun Monate würden uns nicht überraschen.


Kurzfristig ist alles möglich
Wie es sich für einen richtigen Pit Bull gehört, ist kurzfristig immer alles möglich. Deswegen war es ja so wichtig, die Wende möglichst exakt am Tief zu prognostizieren. Auf der einen Seite hat der Dax seine kürzerfristigen Abwärtstrends durchbrochen, als wären sie nicht vorhanden gewesen (sh. Chart). Die 2.600-Punkte-Marke, in deren Nähe das deutsche Blue Chip-Barometer momentan notiert, ist als sehr wichtiger Widerstand zu sehen, welcher noch vom letzten Tief im Oktober herrührt. Es sollte nicht verwundern, wenn hier eine Pause eingelegt wird. Und bedenken Sie: Der Pit Bull ist ein sehr reißerisches Getier, in die eine wie in die andere Richtung, womit gesagt sein soll: genauso heftig, wie es zuletzt nach oben ging, kann es auch wieder nach unten gehen. Entscheidend für einen Pit Bull Market ist nur, dass es per Saldo nach oben geht. Wir wollen uns gar nicht mit dem Fein-Timing beschäftigen, weil dies in einem Pit Bull Market unserer Meinung nach kaum erfolgreich sein kann. Nur eines am Rande: Erinnern Sie sich noch an die SKS-Formationen im S+P-Index, welche wir an dieser Stelle Ende Januar besprochen hatten (Sie können die acht letzten SIWs nachlesen, blättern Sie hierzu nach unten). Mit dem gestrigen Schlusskurs hat nun der S+P fast exakt einen Pullback von unten heran an die Nackenlinie seiner kleinen SKS-Formation vollzogen. Dies kann als Zeichen dafür gewertet werden, dass die Märkte, vor allem die amerikanischen, erst einmal eine Verschnaufpause einlegen werden. Prinzipiell ist aber davon auszugehen, dass den europäischen Aktienindices eine positive Abkoppelung von den amerikanischen Indices gelingen wird, das heißt: Investments diesseits des Atlantiks sollten in den kommenden Wochen deutlich besser laufen. Aufgrund der Eigentümlichkeiten eines Pit Bull Markets raten wir davon ab, den Kursen jetzt noch hinterher zu laufen. Wer immer noch nicht investiert ist, ist erstens selber schuld (unser Hinweis kam schließlich früh genug) und zweitens dürfte er nochmals eine Chance bekommen. So ist unserer Meinung nach in den kommenden Wochen mit einer „ultra-fiesen“ Korrektur zu rechnen, an deren Tiefpunkt die Aktien nochmals zu sehr attraktiven Kursen zu bekommen sein dürften. Mit diesem Tief rechnen wir im Laufe der ersten April-Hälfte.


Adam und Eva
Charttechniker beweisen manchmal sehr viel Phantasie, wenn es um die Vergabe von Namen für Formationen geht. So auch beim Adam-and-Eve-Bottom oder zu deutsch Adam-und Eva-Boden. Ein äußerst anschauliches Beispiel für diese Formation, die Sie vermutlich in keinem Lehrbuch finden werden, liefert momentan der Nemax. Nach einem schnellen und rabiaten ersten Kurssturz bis Anfang Oktober 2002, welcher als „Adam“ bezeichnet wird (das männliche Prinzip ist energiegeladen und schnell), folgte von November 2002 bis März 2003 ein schleichender, langgezogener eher softer Abschwung, welcher mit „Eva“ bezeichnet wird. Die Investoren wurden also zunächst durch den heftigen „Adam“ geschockt und auf das Tiefste verunsichert, dann folgte eine schnelle Erholung in der sie wieder Mut schöpften, nur um dann in einem zeitraubenden und zermürbenden (wie die Frauen nun mal so sind;-) Nach-unten-Geschaukel komplett frustriert zu werden. So in etwa muss man sich die Psychologie vorstellen, die hinter dieser Formation steckt. Da die Anlieger nach dem Eva-Tief apathisch sind und resigniert den Kopf in den Sand gesteckt haben, kann genau das passieren, was zuletzt passiert ist. Insofern dürfte der katapulthafte Anstieg beim Nemax (bzw. später auch TecDax) noch lange nicht zu Ende sein bzw. erst in seinen Anfänge stecken. Aber auch hier gilt: Scharfe Abwärtskorrekturen sind jederzeit möglich.


Zu unseren Empfehlungen
Bayer und Allianz haben wir zu sehr tiefen Kursen per Limit bekommen. Teleplan ist relativ knapp an unserem Limit vorbeigeschrammt. Deutsche Telekom kam dagegen erst gar nicht in die Nähe unseres Limit, wir halten es dennoch aufrecht, da wir gerade bei diesem Titel einen nochmaligen Absturz für möglich halten. Gericom notiert aktuell in etwa auf unserem Einstiegsniveau. Weitere Käufe empfehlen wir nur bei zurückkommenden Kursen, nämlich DaimlerChrysler unter 26,20 Euro und Deutsche Bank unter 36,80 Euro und Aixtron unter 2,50 Euro. Alle Limits verstehen sich auf Intraday-Basis im Frankfurter Parkett-Handel.


Fazit:
Unserer Meinung nach haben die Aktienmärkte in der vergangenen Woche mindestens eine mittelfristige Wende vollzogen. Bis das Ende der momentanen Aufwärtsbewegung erreicht ist, könnten viele Monate vergehen und Dax-Kurse oberhalb von 3.500 Punkten erreicht werden. Dass dies nicht in einem Rutsch passieren wird, versteht sich von selbst. Insbesondere vor dem Hintergrund des Irak-Krieges ist mit heftigen Bewegungen nach oben wie nach unten zu rechnen. Neu-Investments empfehlen wir nur in rückläufige Kurse hinein.

[StocksResearch]

vwd:WSJ: Nach WorldCom prüfen US-Wettbewerber zus Wertberichtigungen


New York (vwd) - Die US-Telekommunikationskonzerne erwägen einem
Zeitungsbericht zufolge nach den unerwartet hohen Abschreibungen von
WorldCom ebenfalls zusätzliche Wertberichtigungen. Die AT&T Corp, New York,
habe bestätigt, dass der Konzern eine Abschreibung von 25,6 Mrd USD für
Immobilien, Werke und Ausrüstung prüfe, schreibt das "Wall Street Journal"
(WSJ) am Dienstag. Die Qwest Communications International Inc, Denver, habe
bereits "erhebliche" Abschreibungen angekündigt und zugestanden, die
Wertberichtigungen für ihre Netze möglicherweise zu erhöhen.

Eine Entscheidung darüber stehe jedoch sowohl bei Qwest noch bei AT&T
nicht unmittelbar bevor, sagen die Unternehmen. Der dritte große Anbieter
von Fernnetzen, die Sprint Corp, wollte keine Stellungnahme zu einem
möglichen zusätzlichen Abschreibungsbedarf abgeben. Beobachter gehen aber
davon aus, dass die Telekommunikationsunternehmen nach den aggressiven
Abschreibungen der WorldCom Inc von 79,8 Mrd USD für Goodwill und Netze den
Wert dieser Bilanzposten ebenfalls deutlich verringern werden. WorldCom
könne sich sonst einen Wettbewerbsvorteil durch zukünftig niedrigere
Abschreibungskosten sichern.
vwd/DJ/11/18.3.2003/sap

[tester11]

Worldcom ist nun viel näher an der Realität angekommen. `WorldCom könne sich sonst einen Wettbewerbsvorteil durch zukünftig niedrigere Abschreibungskosten sichern` - das ist nicht die ganze Wahrheit. Da ist viel mehr dran: Thanks to WorldCom, we are closer to knowing how much demonstrably dumb money went into the telecommunications industry at the century`s end. Although this particular bubble burst years ago, WorldCom`s news from last week reveals just how long it will take to come back into balance.

The lessons of WorldCom keep coming
Gretchen Morgenson The New York Times
Wednesday, March 19, 2003

Ever since WorldCom Inc. toppled into bankruptcy last summer, the company has been teaching stunned investors one lesson after another. Not only have we learned how easy it is to cook up a monumental accounting scandal, but our eyes have also been opened to the special treatment that WorldCom`s executives received - in the form of hot stock issues - from Wall Street during the bubble.

And who could forget the picture of gullible Wall Street analysts cheering investors into the company even as it was flaming out?

But the WorldCom tutorial last week may beat all the others. Thanks to its announcement Thursday, we now know in actual, quantifiable, stupefying terms just how much WorldCom overpaid for the telecommunications network it built.

After reviewing its books, WorldCom said that it would write down the value of its assets by $80 billion. Some of this had been expected; $45 billion in goodwill at the company - largely a result of overpaying for acquisitions - surely had little value.

But more than a few jaws dropped when WorldCom noted that it would write down the value of its property, plant and equipment and other intangible assets to $10 billion from $44.8 billion. That meant that WorldCom`s hard assets, including its network, are now worth almost 75 percent less than what they had cost. And don`t forget, these assets were bought with actual cash, not high-flying shares.

So WorldCom paid $1 for assets that are now worth 25 cents. At last we know how gross was the misallocation of capital in the telecommunications industry in the late 1990s. And how deep is the telechasm.

While some investors may want to conclude that vanishing asset values are peculiar to WorldCom, it is not so.

Yes, WorldCom is a company in distress, and it wants to be extra-conservative with its books before it starts life over again, post-bankruptcy. But because WorldCom was not alone in building an ambitious network, its hard-asset write-down has implications for others in the telecommunications industry and the U.S. economy over all.

First, the write-down is a signal that others may follow from WorldCom competitors. "Who`s next?" one former telecommunications analyst asked. "Any of the big spenders who put in next-generation networks are going to have to go through the same sorts of tests that WorldCom did." AT&T Corp., for example, is a prime candidate.

From a broader perspective, the deflation in WorldCom`s assets also indicates that a rebound in telecommunications spending is further off than the optimists think. WorldCom`s announcement also spells continued trouble for makers of telecommunications equipment, such as Cisco Systems Inc., Lucent Technologies Inc. and Nortel Networks Corp.

When customer demand for these goods returns, these outfits will face severe pricing pressure from survivors who understand how inflated prices used to be.

Of course, companies that are not operating in bankruptcy do not need to reduce the value of their assets by the same amount as WorldCom. But one can make a case that a write-down half the size of WorldCom`s - say 40 percent - is realistic.

Another former telecommunications analyst said: "It clearly shows that the remaining companies` true economic value is well, well below where their book values are, even for hard assets and forgetting the goodwill. And if true economic value is far below that, then stock prices will likely come down."

Thanks to WorldCom, we are closer to knowing how much demonstrably dumb money went into the telecommunications industry at the century`s end. Although this particular bubble burst years ago, WorldCom`s news from last week reveals just how long it will take to come back into balance.

[StocksResearch]

Das ganze Umfeld von WCOEQ sieht hervorragend aus!
Wir haben nun nochmal 92.000 Stück wcom zugekauft zu 0,134. Chance/Risiko Verhältnis besser als 3:1 . Kursziel 15.04.2003 € 0,45 .

[tester11]

@StocksResearch - `Das ganze Umfeld von WCOEQ sieht hervorragend aus !` --> Können Sie bitte dazu aus nähere Angaben machen.

`Chance/Risiko Verhältnis besser als 3:1` --> Wieso gerade 3:1, welche Argumente gibt es dafür ?

`Kursziel 15.04.2003 € 0,45` --> Wieso gerade 0,45 ?

Ich will das ja gerne alles glauben und bin auch noch sehr positiv gestimmt und denke, dass wir über das Wochenende noch mehr Details erfahren, denn bisher ist ja nicht allzuviel nach aussen gedrungen und schon gar nichts über die Handhabung der Aktien.

[fräserle]

Also, dass ich nicht lache. Das glaub ich nie und nimmer.

[tester11]

@fräserle - Wäre ja schön, wenn wir von StocksResearch eine Erklärung zu den Aussagen bekommen würden, denn so stehen sie erstmal nur so im Raum und sind zu schön um wahr zu sein.

[fräserle]

tester

Die bekommen wir nie. Die haben, wenns überhaupt "Stocks Research" sein soll, vielleicht verkauft!!!!!!!!!
Der Kurs gefällt mir heute nicht. Obwohl, wenns man positiv sehen will, könnte man ans Abfischen glauben. Ich persönlich werd immer skeptischer (bauchgefühl).

[tester11]

Mir einer Antwort haben wir wohl leider Pech gehabt. Keine Antwort ist auch eine Antwort.

[heikekarina]

wer, oder was ist "StocksReseach"?

[fräserle]

Ein Fantasiename. Soll wohl "Professionalität" vorgaukeln.

[StocksResearch]

We expect fair value WCOEQ OTC at $ 5.74 min.

Greetings from a cloudy wet New York
Y.V.D.B. 04.13.03 19.06

[clever_broker]

Bin mal gespannt was in Deutschalnd passiert!
Und dann natürlich was in USA bei Börseneröffnung
passiert! Wird ein spannender Wochenauftakt!

[StocksResearch]

We expect fair value WCOEQ OTC at $ 0,170 .

Greetings from New York
Y.V.D.B. 05.19.03 15.30

Wert ergibt sich aus SEC Strafe i.H.v. $ 500.000.000,-
auf gesamthaft 2.936.212.000 Aktien = $ 0,170 pro share, da natürlich alle Aktionäre Antrag auf Schadenersatz bei SEC stellen können und werden.

[Wolframit]

Stocks Research echt lächerlich:14.04.03 :We expect fair value WCOEQ OTC at 5,74$ 19.05.03 :We expect fair value WCOEQ OTC at 0,17$-schon an Peinlichkeit nicht mehr zu übertreffen

[PremiumS]

Hat eh keine Ahnung. Einfach ignorieren.

[freetibet]

Aber 5,74 sind mir lieber.

[StocksResearch]

An die WCOEQ Glaubensgemeinde:
$ 5,74 gilt nach wie vor als Näherung des Unternehmenswertes der "neuen" Worldcomaktie (jetzt MCI) (vorrausgesetzt gleiche Anzahl shares wie bisher).
$ 0,17 pro share der "alten" WCOEQ ist nun die aktuelle Schätzung aufgrund der SEC Regelung i.h.v. 500 Mio.$. Diese Bestrafung wird bis 11.06.2003 eher noch nach oben korrigiert,sodaß auch eine range von 0,19 bis 0,21 möglich werden.
MFG
sdny 06:54 p.m. e.t.

[heikekarina]

ich sagte doch, es geht eher in Richtung 0,20-0,25. Man muss es nur richtig deuten und verstehen. Allerdings wäre ich mit 0,15-0,18 mehr als zufrieden. Denke aber, das einige hier und in Amiland ihren Einstiegskurs wieder sehen wollen und es den Kurs kurzfristig noch weiter nach oben bringen wird.

[heikekarina]

WCO hat heute ein langes weißes Candlestick gebildet. Kunden waren konkurrenzfähig und der kaufende Druck war stark. Geben Sie acht, dieses kann ein möglicher Drehpunkt sein

Das ist möglicherweise der Wendepunkt

[spekulativ]

morgen werden wir die 0,08 hinter uns lassen

[heikekarina]

es spricht alles dafür. Keine negativen Melddungen sind in diesem Fall positive Meldungen

[StocksResearch]

Geprellte WorldCom Aktionäre - Sanierungsplan - Öffentlichkeitsarbeit
Geehrte Aktionäre, wir raten dringend einen Brief folgenden oder ähnlichen Inhalts an den u.g. zuständigen Richter in N.Y. zu senden,um der Unzufriedenheit mit der vorgeschlagenen Aktionärsentschädigung Nachdruck und Öffentlichkeit zu verleihen. Nach aktuellem Vorschlag beläuft sich diese Entschädigung auf $0,17 je stock. Eine Entschädigung ist im Falle Worldcoms nach Auskunft des Gerichtes sicher, da es sich hier nicht um Misswirtschaft(dieses Risiko tragen selbstverständlich die Aktionäre mit der Haftung bis zum zur Verfügung gestellten Eigenkapital) sondern um Betrug (auch am Aktionär) handelt. Für den Betrug werden die Verantwortlichen u.a. auch mit langjährigen Gefängnisstrafen zur Rechenschaft gezogen.Dieses (Entschädigungs-)Verfahren betrifft i. ü. alle Aktionäre die bis zum Richterentscheid (ü. Strafen und Entschädigungen) Stockholders sind! Auch wenn die Verluste von in ch.11 erworbenen stocks naturgemäss geringer sind, so sind auch sie nach Auskunft des Gerichtes selbstverständlich berechtigt.
Der Brief darf/soll zusätzlich zum u.g. Inhalt weitere Vorschläge und persönliche Investitionentscheidungen mit daraus res. Verlusten enthalten.
Hier nun der Vorschlag:

To
Hon. Jed S. Rakoff, U.S.D J.
c/o J. Michael McMahon, Clerk
United States District Court
Southern District of New York
500 Pearl Street New York,
New York 10007-1312


Re: 02 Civ. 4963 (JSR)



Dear Judge Rakoff,

As a WorldCom stockholder I appreciate the attention you are giving to the company`s fraudulent behavior and its impact on the investing public.By the way I own 125,000 (one hundred twentyfive thousand) stocks of WorldCom. I bought them for my old-age pension. I have lost with these stocks now over 2 million dollars.

I would like to offer the following thoughts about the victims compensation fund:

1) $ 500,000,000.00 is not enough of a penalty for the company. The value of the stockholders` loss approximates 100 billion. 500 million is 1/2 of 1%. The company is operating at a profit today and plans to come out of bankruptcy with almost no debt and 6 billion in cash. $ 500 million is not enough.

2) The expected multi-billion dollar tax refunds should be given to the original WorldCom stockholders. Those taxes were paid when the original stockholders owned the company. The refunds should go to the people that owned the company when the fraud took place.

3) Bondholders that receive stock in the new company should not get any compensation from this fund. They will be handsomely rewarded by the reorganization plan. Many of them paid 6 cents on the dollar to buy bonds that were valued at 100 cents in the reorganization plan. The true victims are the mom and pop stockholders who have lost their savings and they should be the ones compensated.

Thank You for your consideration of these comments.

Sincerely,



Greetings fr. stocksresearch, N.Y. i.s.d.r. 07:05 a.m.
rbs

[heikekarina]

also bleibt es spannend. 0,17 ist doch ein realistisches Ziel

[einfachsunny]

ohhjeee.. wenn ich daran denke dass ich mitte märz bereits zu -.17 hätte verkaufen können und somit dicht an meinem einstandskurs gewesen wäre ,,,hätte wenn und aber , ok.. ich drück euch die daumen das es klappt und ..vielleicht komme ich zurück ..mal sehen

[heikekarina]

warten wir mal die heutuge Eröffnung ab. Bis jetzt ist noch alles im grünen Bereich. Für mich zumindestens. Schade natürlich für die, die immer noch mit Verlusten dastehen. Aber, es besteht immer nooch die Möglichkeit kurzfristig einzusteigen. Die Phantasie, das WCO auf 0,17 hoch läuft ist nach wievor gegeben, auch wenn es einige nicht mehr wahr haben wollen

[einfachsunny]

@heikekarina hast du bedacht dass es..wenn überhaupt o,17$ sind...also..o,14-o,15 Euro??? und alternativ nix! wow

[heikekarina]

ja, das habe ich einkalkuliert. Entweder knapp 100 %, oder eben halt alles weg. Aber so wie es bisher kenn, läuft es zumindestens kurzfristig etwas höher als 0,17.

[malo01]

hallo heike

hast Du zufällig ein paar akt. Kurse

[heikekarina]

ich habe bereits mehrfach gepostet, da ich keine Realtimekurse einstelle. Weder, wenn es runter, noch wenn es rauf geht. Sei mir nicht böse, aber bei so einem Wert macht es für mich keinen Sinn.
Für mich ist es aktuell in Ordnung. Gedanken werde ich mir machen, wenn die 0,065 unterschritten werden, was ich aber nicht mehr glaube. Es wird halt immer stiller um WCO, um so näher der Termin naht. Stell dir mal vor WCO würde einen Tag um 10% rauf, und am anderen um 10% wieder fallen. Das ist meiner Meinung nach schädlicher für das Nervenkostüm, als anders herum.
Ich werde auf jeden Fall hier im Board mitteilen, wann ich verkauft habe. Aber garantiert nicht vor dem 11.6.2003

[malo01]

findest Du nicht, das Du ein klein wenig übertreibst.

[heikekarina]

du siehst ja heute qwas passiert. Es passiert nichts ausser das WCO leicht nachgibt. Und was passiert bei uns. Einige die sich dick eingeckt haben verkaufen, weil eben nichts passiert. Es ist halt eine Nervenanspannung bei einigen da, mit der Sie anscheinend nicht fertig werden. Würde WCO jeden Tag um 1% steigen, würden wir nur noch Käufe regestrieren. Da aber Momentan keine Nachrichten kommen, ich wüsste auch nicht aus welcher Ecke, werden alle gleich nervoes und verkaufen. Unten warten schon diejenigen die dann preiswert aufsammeln.

[heikekarina]

Wareum sollte ich übertreiben? Ausser du meinst es war übertrieben sein Geld in so eine Aktie zu investieren. Dann hast du selbstverständlich recht. No risk, no fun

[heikekarina]

Heute mal darauf achten!!!

Es wird bereits um die 3 Kommastelle gekämpft

[heikekarina]

Das Volumen bisher ist doch für einen Wert der angeblich kein Interesse mehr dastellt mit 6 Mio +- ganz ordentlich. Das lässt daruf schliessen, das es heute um die 10 bis 12 Mio. werden.
Ich bin nur mal ab nächste Woche gespannt, wann die letzten Zittrigen aussteigen. Es bleibt weiterhin spannend!

[DausendUndMehr]

#245

"Ich bin nur mal ab nächste Woche gespannt, wann die letzten Zittrigen aussteigen ..."

und die Hartgesottenen bleiben drin und sehen zu wie ihr Geld wegschmilzt ...

[heikekarina]

Alte Börsenweisheit: Setze nie dein ganzes Geld. Die, die es natürlich immer wieder machen, werden auch immer wieder schmerzlichst erfahren was es heisst, wenn so etwas schief geht.

Was lernen wir daraus? Immer auf mehrere Werte setzen

[StocksResearch]

Hervorragende Kurschance nach den guten Nachrichten für die Aktionäre! Weitere Kursverdoppelung in den nächsten 5 Tagen! Kursziel 0,15 $.
Anbei Chart an der OTC
MfG from N.Y.