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WorldCom's Ebbers eats humble pie

WorldCom CEO Bernie Ebbers tries to revive the company's stock price with the creation of a tracking stock and apologies, but investors react by sending shares to a new 52-week low.

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WorldCom CEO Bernie Ebbers tries to revive the company's stock price with the creation of a tracking stock and apologies, but investors react by sending shares to a new 52-week low.

"We recognize that as a company we have let you as investors down."

- WorldCom CEO Bernie Ebbers

 


WorldCom CEO loses his swagger
video Wall Street conqueror Bernie Ebbers, WorldCom's chief executive, seems to have lost his swagger after admitting mistakes and asking shareholders for patience.

Click here to Play

WorldCom split: the death of long-distance?
Jeanne Schaaf, analyst, Forrester Research
WorldCom confirms long-distance tracker, lowers expectations
update The long-distance giant becomes the latest provider to separate that business from its other offerings in an attempt to turn around a dwindling stock price.

Street cool to WorldCom restructuring
update Investors are unimpressed with the company's creation of a tracking stock for consumer long-distance, sending its stock even lower.

Earnings warnings cut Nasdaq rally short
update Earnings warnings from WorldCom and Altera squelch any hopes for a lasting rally in the tech sector, while old-economy stocks also head south.

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