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Technology Stocks : WCOM

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To: JakeStraw who wrote (10874)6/26/2002 8:51:07 AM
From: paul t  Read Replies (1) of 11568
 
Or what sector...

"
Oil traders tied much of the oil price weakness to reeling world markets in the wake of revelations that telecom giant WorldCom (NasdaqNM:WCOM - News) had inflated profits by $3.8 billion, one of the biggest accounting scandals in history.

"I think there is concern that the WorldCom situation could turn into something similar to Enron. It's sending ripples through the oil market," said Tim Evans of brokers ADM in London.

"

biz.yahoo.com
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