WorldCom scandal spins on
Analysts advise customers to sit tight until their contracts expire. Meanwhile, CEO John Sidgmore apologizes and pledges to cooperate with the investigation.
Clients advised not to run yet
Analysts are unanimously telling companies to stay put and avoid hefty penalties for early contract termination, at least until the contracts expire.
July 3, 2002
WorldCom CEO apologizes in D.C.
Chief Executive John Sidgmore treks to the nation's capital to reassure regulators, apologize publicly and pledge that financial shenanigans are a thing of the past.
July 2, 2002
Previous coverage
WorldCom shares crumble after hiatus
update The company resumes trading, and its shares promptly fall to the floor. Meanwhile, WorldCom says it is reviewing its 1999 and 2000 finances.
July 1, 2002
Techs duck and cover after WorldCom
update It may be the fiasco du jour, but it's just one more dent in corporate confidence in the grand scheme of things. Techs will be closely scrutinized for a wide range of reasons.
June 26, 2002
Harsh spotlight for new WorldCom chief
John Sidgmore has been promising a fresh start and a bright future for the telecom giant ever since he stepped in as CEO nearly two months ago. That job just got a lot harder.
June 26, 2002