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To: Eric who wrote (60017)6/27/2002 2:00:29 PM
From: Eric  Respond to of 77400
 
JUNE 27, 2002

NEWS ANALYSIS
By Jane Black

Is WorldCom Opening a Door for AT&T?

If the battered No. 2 telecom starts losing customers -- especially corporate accounts -- Ma Bell is who they'll likely call

Disbelief and horror dominated Wall Street on June 26 after No. 2 telecom WorldCom (WCOM ) said it hid expenses and inflated cash flow by more than $3.8 billion over five quarters. The bombshell has some experts predicting that the situation could turn out to be one of the worst cases of accounting fraud ever, and it was hard to find an analyst who wasn't predicting WorldCom's demise.
businessweek.com