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Technology Stocks : WCOM

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To: Paul Berggren who started this subject6/27/2002 1:29:29 AM
From: Len Roselli  Read Replies (2) of 11568
 
I just looked at my portfolio on Yahoo and it said the ticker symbol for WCOM has changed to WCOME. Does anybody know what that means?

Also, read a news story from Dow Jones about a video available on the WCOM WEB site which shows Sidgmore reading a prepared message. I haven't looked at it yet, but here is a quote (from Dow Jones story):

"I'd like everyone to remember underneath all this is a company that has $30 billion in revenue, 25 million customers, positive EBITDA ..." Sidgmore said. " Although this news is an undeniable setback, I'm convinced by focusing on these steps and focusing on customers ... WorldCom can emerge a stronger and even more competitive force in the industry."

How can he claim positive EBITDA after today's revelation? Apparantly, this was posted this evening.

len
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