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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: Richard Chapman who wrote (87539)6/30/2001 12:28:06 PM
From: Jim Bishop   of 150070
 
Saturday June 30 9:03 AM ET
WorldCom Says Employee Causes Nasdaq Failure
NEW YORK (Reuters) - Telecommunications company WorldCom Inc. (NasdaqNM:WCOM - news) said that one of its employees caused the computer glitch that felled Nasdaq's trading systems on Friday.

``We very much regret this market interruption,'' WorldCom Chief Executive Bernard Ebbers. ``For nine years, Nasdaq has been a valued customer. We have resolved this issue and will continue to work with Nasdaq to take all steps necessary to ensure it does not recur.''

The problem occurred while testing one of Nasdaq's development systems, WorldCom said. WorldCom operates Nasdaq's networks that share dealers send orders through.

dailynews.yahoo.com
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