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Strategies & Market Trends : Take the Money and Run

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To: SusieQ1065 who wrote (5468)	6/25/2002 6:52:46 PM
From: Original Mad Dog	Read Replies (1) of 17639

AH quote on WCOM is 28 cents..... Ready a jail cell for Bernie Ebbers: biz.yahoo.com Tuesday June 25, 6:40 pm Eastern Time Reuters Company News WorldCom shares sink fast after-hours after fraud report NEW YORK, June 25 (Reuters) - Shares of WorldCom (NasdaqNM:WCOM - News) sank like a rock in after-hours trade on Tuesday following a news report that the beleaguered telecommunications giant has allegedly engaged in massive fraud that may force it to file for bankruptcy. WorldCom plunged to 36 cents a share on the Instinet system from a close of 83 cents on Nasdaq. David Faber, a correspondent for the CNBC financial television network, quoted sources close to WorldCom as saying the company has inflated earnings before interest, depreciation, taxes and amortization, or EBIDTA, by about $3.6 billion, and will soon restate its financial statements.

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