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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: LTK007 who wrote (40321)3/13/2002 3:53:20 AM
From: LTK007  Read Replies (1) | Respond to of 99280
 
nidbit from Scott Moritz(realmoney.com) <<Still, this isn't a routine SEC review, others point out. For one, the SEC's enforcement division is heading the effort, drafting a wide-ranging 10-page request for records and documentation that seemingly probes every WorldCom business activity with the possible exception of its employee coffee policy. Previous work with regulators concerned more mundane stuff, large financial transactions like the acquisition of MCI, the failed Sprint (FON:NYSE - news - commentary - research - analysis) merger, and the creation of a tracking stock for WorldCom's consumer long distance business MCI (MCIT:Nasdaq - news - commentary - research - analysis). >> end quote.--- to me this is the Red Flag regards WCOM, this is a seemingly all embracing investigation.