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To: Bill Harmond who wrote (145022)	8/8/2002 12:18:11 AM
From: Glenn D. Rudolph	Respond to of 164684

"The pressures of too much expense and too little business planning came together in June 2000, as the Sprint deal fell apart. The company's debt was rising, and revenue from the wholesale and consumer markets was falling. Total cash flow from operations was also dropping. That same month, John Sidgmore, the founder of the UUnet Internet division, publicly disclosed that the widely celebrated entity that was at the center of WorldCom's data strategy was simply not profitable. That shocked numerous investors, who had come to believe the boasts of other UUnet executives that internet traffic was doubling about every three months; WorldCom officials now say that capacity, not traffic, was growing at that speed." nytimes.com