MCI logo

MCI, Inc. was an American telecommunications company that was headquartered in Ashburn, Virginia. The corporation was the result of the merger of WorldCom (formerly known as LDDS followed by LDDS WorldCom) and MCI Communications, and used the name MCI WorldCom followed by WorldCom before taking its final name on April 14, 2003 as part of the corporation's emergence from bankruptcy. The company formerly traded on NASDAQ under the symbols "WCOM" (pre-bankruptcy) and "MCIP" (post-bankruptcy). The corporation was purchased by Verizon Communications with the deal closing on January 6, 2006, and is now identified as that company's Verizon Business division with the local residential divisions slowly integrated into local Verizon subsidiaries. This is a copyrighted and/or trademarked logo. ... This is a copyrighted and/or trademarked logo. ... Telecommunication involves the transmission of signals over a distance for the purpose of communication. ... Ashburn, Virginia is an unincorporated area located in Loudoun County, Virginia, 30 miles west of Washington, D.C., and is part of the Washington Metropolitan Area. ... MCIs original corporate logo MCI Communications was an American telecommunications company that was instrumental in legal and regulatory changes that led to the breakup of the AT&T monopoly of American telephony. ... April 14 is the 104th day of the year (105th in leap years) in the Gregorian calendar, with 261 days remaining. ... Year 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ... Verizon Communications, Inc. ... is the 6th day of the year in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday (link displays full 2006 calendar) of the Gregorian calendar. ...

MCI's history, combined with the histories of companies it has acquired, echoes most of the trends that have swept American telecommunications in the past half-century: It was instrumental in pushing legal and regulatory changes that led to the breakup of the AT&T monopoly that dominated American telephony; its purchase by WorldCom and subsequent bankruptcy in the face of accounting scandals was symptomatic of the Internet excesses of the late 1990s. It accepted a proposed purchase by Verizon for US$7.6 billion. AT&T Inc. ... This article or section should include material from Bell Atlantic This article or section should include material from GTE Verizon Communications (NYSE: VZ) is a local exchange telephone company formed by the merger of Bell Atlantic, a former Bell Operating Company, and GTE, which was the largest independant local exchange...

For a time, WorldCom (WCOM) was the United States' second largest long distance phone company (AT&T was the largest). WorldCom grew largely by acquiring other telecommunications companies, most notably MCI Communications. It also owned the Tier 1 ISP UUNET, a major part of the Internet backbone. It was based in Clinton, Mississippi before moving to its present corporate headquarters. TATA Engineering and Locomotive Company A telephone company (or telco) provides telecommunications services such as telephony and data communications. ... AT&T Inc. ... MCIs original corporate logo MCI Communications was an American telecommunications company that was instrumental in legal and regulatory changes that led to the breakup of the AT&T monopoly of American telephony. ... A Tier 1 carrier is a telco or ISP that is at the top of the telecommunications peering and settlements food chain. ... UUNET Technologies Logo Post-WorldCom UUNET Logo Original UUNET Logo UUNET is one of the oldest and largest Internet service providers and one of the nine Tier 1 networks. ... Each line is drawn between two nodes, representing two IP addresses. ... Clinton is a city in Hinds County, Mississippi, United States. ...

History

Corporate founding

Long Distance Discount Services, Inc. (LDDS) began in Clinton, Mississippi in 1983. In 1985 LDDS selected Bernard Ebbers to be its CEO. The company went public in August 1989 when it merged with Advantage Companies Inc. The company name was changed to LDDS WorldCom in 1995, and later just WorldCom. Clinton is a city in Hinds County, Mississippi, United States. ... Year 1983 (MCMLXXXIII) was a common year starting on Saturday (link displays the 1983 Gregorian calendar). ... Year 1985 (MCMLXXXV) was a common year starting on Tuesday (link displays 1985 Gregorian calendar). ... Bernard John Ebbers Bernard John Ebbers, also known as Bernie Ebbers (born August 27, 1941 in Edmonton, Alberta), is a Canadian-born businessman. ... Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ... Year 1989 (MCMLXXXIX) was a common year starting on Sunday (link displays 1989 Gregorian calendar). ... Year 1995 (MCMXCV) was a common year starting on Sunday (link will display full 1995 Gregorian calendar). ...

The company’s growth under WorldCom was fueled primarily through acquisitions during the 1990s and reached its apex with the acquisition of MCI in 1998. Among the companies that were bought or merged with WorldCom were Advanced Communications Corp. (1992), Metromedia Communication Corp.(1993), Reurgens Communications Group(1993), IDB Communications Group, Inc (1994), Williams Technology Group, Inc. (1995), and MFS Communications Company (1996). The acquisition of MFS included UUNet Technologies, Inc., which had been acquired by MFS shortly before the merger with WorldCom. In February 1998, a complex transaction saw WorldCom purchase online pioneer CompuServe from its parent company H&R Block. WorldCom then retained the CompuServe Network Services Division, sold its online service to America Online, and received AOL's network division, ANS. The acquisition of Digex (DIGX) in June 2001 was also complex; Worldcom acquired Digex's corporate parent, Intermedia Communications, and then sold all of Intermedia's non-Digex assets to Allegiance Telecom. For a time, WorldCom (WCOM) was the United States second largest long distance phone company (AT&T was the largest). ... Year 1992 (MCMXCII) was a leap year starting on Wednesday (link will display full 1992 Gregorian calendar). ... 1970s logo for WTCN-TV (now KARE) in Minneapolis, which included the corporate logo for Metromedia; this logo was also used by KTTV in Los Angeles Metromedia Producers Corporation logo Metromedia (also often MetroMedia) was a media company that owned radio and television stations in the United States from 1956... Year 1993 (MCMXCIII) was a common year starting on Friday (link will display full 1993 Gregorian calendar). ... Year 1994 (MCMXCIV) was a common year starting on Saturday (link will display full 1994 Gregorian calendar). ... Year 1995 (MCMXCV) was a common year starting on Sunday (link will display full 1995 Gregorian calendar). ... Year 1996 (MCMXCVI) was a leap year starting on Monday (link will display full 1996 Gregorian calendar). ... UUNET Technologies Logo Post-WorldCom UUNET Logo Original UUNET Logo UUNET is one of the oldest and largest Internet service providers and one of the nine Tier 1 networks. ... Year 1998 (MCMXCVIII) was a common year starting on Thursday (link will display full 1998 Gregorian calendar). ... CompuServe, (in full, CompuServe Information Services, or CIS), was the first major commercial online service in the United States. ... H&R Block (NYSE: HRB) is a tax preparation and personal finance management company founded by brothers Henry W. and Richard Bloch in Kansas City in 1955 (they changed the name of the company to prevent mispronunciation). ... To meet Wikipedias quality standards, this article may require cleanup. ... Digex was an early provider of Internet services in the United States. ...

MCI acquisition

MCI WorldCom logo (Used from 1998–2000)

On November 10, 1997, WorldCom and MCI Communications announced their US$37 billion merger to form MCI WorldCom, making it the largest merger in US history. On September 15, 1998 the new company, MCI WorldCom, opened for business. MCI WorldCom Corporate Logo This is a copyrighted and/or trademarked logo. ... MCI WorldCom Corporate Logo This is a copyrighted and/or trademarked logo. ... is the 314th day of the year (315th in leap years) in the Gregorian calendar. ... Year 1997 (MCMXCVII) was a common year starting on Wednesday (link will display full 1997 Gregorian calendar). ... MCIs original corporate logo MCI Communications was an American telecommunications company that was instrumental in legal and regulatory changes that led to the breakup of the AT&T monopoly of American telephony. ... is the 258th day of the year (259th in leap years) in the Gregorian calendar. ... Year 1998 (MCMXCVIII) was a common year starting on Thursday (link will display full 1998 Gregorian calendar). ...

Sprint merger

WorldCom logo (Used from 2000–2003)

On October 5, 1999 Sprint Corporation and MCI WorldCom announced a $129 billion merger agreement between the two companies. The deal would have been the largest corporate merger in history up to that time. The new company was to have been WorldCom and would have been the largest communications company in the United States. The merger would have put AT&T in the number two spot of the largest communications companies in the US for the first time in history. However the deal did not go through because of pressure from the US Department of Justice and the EU on concerns of it creating a monopoly. On July 13, 2000, the Board of Directors of both companies acted to terminate the merger. Later, in 2000, MCI WorldCom renamed itself WorldCom without Sprint being part of the company. This image is copyrighted. ... This image is copyrighted. ... is the 278th day of the year (279th in leap years) in the Gregorian calendar. ... Year 1999 (MCMXCIX) was a common year starting on Friday (link will display full 1999 Gregorian calendar). ... Sprint Nextel Corporation (NYSE: S), headquartered in Reston, Virginia, is one of the largest telecommunications companies in the United States. ... AT&T Inc. ... The United States Department of Justice (DOJ) is a Cabinet department in the United States government designed to enforce the law and defend the interests of the United States according to the law and to ensure fair and impartial administration of justice for all Americans. ... is the 194th day of the year (195th in leap years) in the Gregorian calendar. ... 2000 (MM) was a leap year starting on Saturday of the Gregorian calendar. ... 2000 (MM) was a leap year starting on Saturday of the Gregorian calendar. ... Sprint Nextel Corporation (NYSE: S), headquartered in Reston, Virginia, is one of the largest telecommunications companies in the United States. ...

Accounting scandals

Bernard Ebbers became very wealthy from the rising price of his holdings in WorldCom’s stock. However, shortly after the MCI acquisition in 1998, the telecommunications industry entered a downturn and WorldCom’s growth strategy suffered a serious blow when it was forced to abandon its proposed merger with Sprint in late 2000. By that time, WorldCom’s stock was declining and Ebbers came under increasing pressure from banks to cover margin calls on his WorldCom stock that was used to finance his other businesses (timber and yachting, among others). During 2001, Ebbers persuaded WorldCom’s board of directors to provide him corporate loans and guarantees in excess of $400 million to cover his margin calls, but this strategy ultimately failed and Ebbers was ousted as CEO in April 2002 and replaced by John Sidgmore, former executive of UUNet Technologies, Inc. Bernard John Ebbers Bernard John Ebbers, also known as Bernie Ebbers (born August 27, 1941 in Edmonton, Alberta), is a Canadian-born businessman. ... In finance, a margin is collateral that the holder of a position in securities, options, or futures contracts has to deposit to cover the credit risk of his counterparty. ... John W. Sidgmore became the Chief Executive Officer of UUNET Technologies in June of 1994. ... UUNET Technologies Logo Post-WorldCom UUNET Logo Original UUNET Logo UUNET is one of the oldest and largest Internet service providers and one of the nine Tier 1 networks. ...

Beginning in 1999 and continuing through May 2002, the company (under the direction of Scott Sullivan (CFO), David Myers (Controller) and Buford “Buddy” Yates (Director of General Accounting) used fraudulent accounting methods to mask its declining financial condition by painting a false picture of financial growth and profitability to prop up the price of WorldCom’s stock. William Scott Sullivan is a pitcher currently with the Kansas City Royals and has a career ERA of 3. ... A controller is a person or device that exercises or attempts to exercise control or influence. ...

The fraud was accomplished primarily in two ways:

1. Underreporting ‘line costs’ (interconnection expenses with other telecommunication companies) by capitalizing these costs on the balance sheet rather than properly expensing them.
2. Inflating revenues with bogus accounting entries from ‘corporate unallocated revenue accounts’.

WorldCom’s internal audit department uncovered approximately $3.8 billion of the fraud in June 2002 during a routine examination of capital expenditures and alerted the company’s new auditors, KPMG (who had replaced Arthur Andersen, WorldCom’s external auditors during the fraud). Shortly thereafter, the company’s audit committee and board of directors were notified of the fraud and acted swiftly: Sullivan was fired, Myers resigned, Arthur Andersen withdrew its audit opinion for 2001, and the U.S. Securities and Exchange Commission (SEC) launched an investigation into these matters on June 26, 2002 (see accounting scandals). By the end of 2003, it was estimated that the company's total assets had been inflated by around $11 billion. Internal auditing is a profession and activity involved in advising organizations regarding how to better achieve their objectives. ... KPMG is one of the largest professional services firms in the world. ... For the U.S. Supreme Court case commonly known as Arthur Andersen, see Arthur Andersen LLP v. ... The U.S. Securities and Exchange Commission, commonly referred to as the SEC, is the United States governing body which has primary responsibility for overseeing the regulation of the securities industry. ... is the 177th day of the year (178th in leap years) in the Gregorian calendar. ... Also see: 2002 (number). ... Accounting scandals, or corporate accounting scandals are political and business scandals which arise with the disclosure of misdeeds by trusted executives of large public corporations. ... Year 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ...

Bankruptcy

On July 21, 2002, WorldCom filed for Chapter 11 bankruptcy protection in the largest such filing in United States history. WorldCom changed its name to MCI, and moved the corporate headquarters from Clinton, Mississippi to Dulles, Virginia, on April 14, 2003. is the 202nd day of the year (203rd in leap years) in the Gregorian calendar. ... Also see: 2002 (number). ... Chapter 11 is a part of the United States Code dealing with bankruptcy. ... Clinton is a city in Hinds County, Mississippi, United States. ... Dulles is an unincorporated area in Loudoun County, Virginia. ... April 14 is the 104th day of the year (105th in leap years) in the Gregorian calendar, with 261 days remaining. ... Year 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ...

Under the bankruptcy reorganization agreement, the company paid $750 million to the SEC in cash and stock in the new MCI, which was intended to be paid to wronged investors.

In May 2003, the company was given a no-bid contract by the United States Department of Defense to build a cellular telephone network in Iraq. The deal has been criticized by competitors and others who cite the company's lack of experience in the area. This article or section does not adequately cite its references or sources. ... The United States Department of Defense (DOD or DoD) is the federal department charged with coordinating and supervising all agencies and functions of the government relating directly to national security and the military. ... Cellular redirects here. ...

Post-bankruptcy

Bernard Ebbers

The company emerged from Chapter 11 bankruptcy in 2004 with about $5.7 billion in debt and $6 billion in cash. About half of the cash was intended to pay various claims and settlements. Previous bondholders ended up being paid 35.7 cents on the dollar, in bonds and stock in the new MCI company. The previous stockholders' stock was valueless. Image File history File links Bernard Ebbers Source: http://www. ... Image File history File links Bernard Ebbers Source: http://www. ... Bernard John Ebbers Bernard John Ebbers, also known as Bernie Ebbers (born August 27, 1941 in Edmonton, Alberta), is a Canadian-born businessman. ... Chapter 11 of the Bankruptcy Code governs the process of reorganization under the bankruptcy laws of the United States. ... Year 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... In finance, a bond is a debt security, in which the authorized issuer owes the holders a debt and is obliged to repay the principal and interest (the coupon) at a later date, termed maturity. ... This article does not cite any references or sources. ...

It has yet to pay many of its creditors, who have waited for two years for a portion of the money owed. Many of the small creditors include former employees, primarily those who were laid off in June 2002 and whose severance and benefits were withheld when WCOM filed for bankruptcy.

On August 7, 2002, the exWorldCom 5100 group was launched. It was composed from former WorldCom employees with a common goal of seeking full payment of severance pay and benefits based on the WorldCom Severance Plan. The '5100' stands for the number of WorldCom employees laid off on June 28, 2002 before WorldCom filed for bankruptcy.[1] is the 219th day of the year (220th in leap years) in the Gregorian calendar. ... Also see: 2002 (number). ... is the 179th day of the year (180th in leap years) in the Gregorian calendar. ... Also see: 2002 (number). ...

On February 14, 2005, Verizon Communications agreed to acquire MCI for $7.6 billion. is the 45th day of the year in the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... Verizon Communications, Inc. ...

On March 15, 2005 Bernard Ebbers was found guilty of all charges and convicted of fraud, conspiracy and filing false documents with regulators — all related to the $11 billion accounting scandal at the telecommunications company he founded. He was sentenced to 25 years in prison. Other former WorldCom officials charged with criminal penalties in relation to the company's financial misstatements include former CFO Scott Sullivan (entered a guilty plea on March 2, 2004 to one count each of securities fraud, conspiracy to commit securities fraud, and filing false statements [2]), former controller David Myers (pleaded guilty to securities fraud, conspiracy to commit securities fraud, and filing false statements on September 27, 2002 [3]), former accounting director Buford Yates (pleaded guilty to conspiracy and fraud charges on October 7, 2002 [4]), and former accounting managers Betty Vinson and Troy Normand (both pleading guilty to conspiracy and securities fraud on October 10, 2002 [5]). is the 74th day of the year (75th in leap years) in the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... Bernard John Ebbers Bernard John Ebbers, also known as Bernie Ebbers (born August 27, 1941 in Edmonton, Alberta), is a Canadian-born businessman. ... CFO is usually short for Chief Financial Officer, but may also mean: Carrier frequency offset Ceramic fiber optics Chief Fire Officer Chief of Flight Operations Conselho Federal de Odontologia (cfo. ... William Scott Sullivan is a pitcher currently with the Kansas City Royals and has a career ERA of 3. ... is the 61st day of the year (62nd in leap years) in the Gregorian calendar. ... Year 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... A controller is a person or device that exercises or attempts to exercise control or influence. ... David G. Myers is a professor of Psychology at Hope College, and the author of several books, including a popular textbook entitled Psychology. ... is the 270th day of the year (271st in leap years) in the Gregorian calendar. ... Also see: 2002 (number). ... In relation to a company, a director is an officer (that is, someone who works for the company) charged with the conduct and management of its affairs. ... is the 280th day of the year (281st in leap years) in the Gregorian calendar. ... Also see: 2002 (number). ... is the 283rd day of the year (284th in leap years) in the Gregorian calendar. ... Also see: 2002 (number). ...

On July 13, 2005 Bernard Ebbers received a sentence that would keep him in prison for 25 years. At time of sentencing, Ebbers was 63 years old. On September 26, 2006, Ebbers self-surrendered to the Bureau of Prisons facility at Oakdale, Louisiana, the Oakdale Federal Corrections Institution ("Oakdale FCI") to begin serving his sentence. This prison facility is 35 miles south of Alexandria, LA, and 58 miles north of Lake Charles, LA. That is approximately 230 miles, or a 4-5 hour drive, from his wife's home in Jackson, Mississippi, making week-end visits to Ebbers from her an arduous process. Had the Bureau of Prisons assigned Ebbers to the facility at Yazoo City, Mississippi, the distance from his wife's home would have been only 48 miles, or less than one hour. His projected release date is July 4, 2028. is the 194th day of the year (195th in leap years) in the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... The Federal Bureau of Prisons is a subdivision of the United States Department of Justice, and is responsible for the administration of the federal prison system. ...

In March 2005, 16 of WorldCom's 17 former underwriters reached settlements with the investors ([6]). Citigroup settled for $2.65 billion on May 10, 2004 ([7]). For a time, WorldCom (WCOM) was the United States second largest long distance phone company (AT&T was the largest). ... Citigroup Inc. ...

In December 2005, Microsoft announced that MCI will join them by providing Windows Live Messenger customers voip service to make calls around the world. This was MCI's last totally new product called "MCI Web Calling". After the merge, this product was renamed "Verizon Web Calling". For the instant messaging client included in Windows XP, see Windows Messenger. ... IP Telephony, also called Internet telephony, is the technology that makes it possible to have a telephone conversation over the Internet or a dedicated Internet Protocol (IP) network instead of dedicated voice transmission lines. ...

Verizon-MCI merger

The Verizon Business Logo

On February 14, 2005, Verizon agreed to acquire MCI, formerly WorldCom, after SBC Communications agreed to acquire AT&T just a few weeks earlier. The MCI/Verizon merger was put on hold until March 17, 2005 for them to evaluate a rival offer from Qwest, which made an offer that was potentially worth more. MCI accepted Verizon's initial bid, although it had a lower cash value, because of their perceived financial stability in comparison to Qwest’s, but holders of 26% of MCI stock requested that they evaluate the merits of both offers before making a final decision. Qwest later lost the battle for the acquisition of MCI. On October 6, 2005, the Special Meeting of MCI Stockholders on the subject of Verizon's acquisition resulted in 64 percent of outstanding shares voting in favor of Verizon's offer. The European Union regulator approved the merger on October 7, stating that a combined company would still face strong competition in Europe. U.S. regulatory requirements were satisfied by December 29, 2005. MCI has been incorporated into Verizon with the name Verizon Business. Image File history File links Verizonbusinesslogo. ... Image File history File links Verizonbusinesslogo. ... is the 45th day of the year in the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... This article or section should include material from Bell Atlantic This article or section should include material from GTE Verizon Communications (NYSE: VZ) is a local exchange telephone company formed by the merger of Bell Atlantic, a former Bell Operating Company, and GTE, which was the largest independant local exchange... SBC Communications NYSE: SBC is an American telecommunications company based in San Antonio, Texas. ... AT&T Inc. ... is the 76th day of the year (77th in leap years) in the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... This article does not cite any references or sources. ... is the 279th day of the year (280th in leap years) in the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... Motto: (Out Of Many, One) (traditional) In God We Trust (1956 to date) Anthem: The Star-Spangled Banner Capital Washington D.C. Largest city New York City None at federal level (English de facto) Government Federal constitutional republic  - President George Walker Bush (R)  - Vice President Dick Cheney (R) Independence from... is the 363rd day of the year (364th in leap years) in the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ...

The Verizon-MCI merger drew the ire of many MCI Inc shareholders because the MCI Inc Board of Directors seemed to inherently favor Verizon as a merger partner. Many notable institutional investors favored the Qwest terms, including Legg Mason and Omega Advisors. Small shareholders also spoke out against the merger (see: MCIpetition.com).

The merger closed on January 6, 2006.^{[1] [2]} is the 6th day of the year in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday (link displays full 2006 calendar) of the Gregorian calendar. ...

See also

• Corporate abuse
• Corporate governance

A corporate scandal is a scandal involving allegations of unethical behavior by people acting within or on behalf of a corporation. ... Corporate governance is the set of processes, customs, policies, laws and institutions affecting the way a corporation is directed, administered or controlled. ...

References

• Lynne W. Jeter (2003). Disconnected: Deceit and Betrayal at WorldCom. Wiley. ISBN 0-471-42997-X. 
• Om Malik (2003). Broadbandits. Wiley. ISBN 0-471-43405-1. 
• First Interim Report of Dick Thornburgh, Bankruptcy Court Examiner, United States Bankruptcy Court for the Southern District of New York, In re WorldCom, Inc., Case No. 02-15533 (AJG) (November 4, 2002)

Citations

1. ^ Lawson, Stephen. "Verizon and MCI close merger", InfoWorld, January 06, 2006. 
2. ^ Mohammed, Arshad. "Verizon Targeting Customers Of MCI", Washington Post, January 23, 2006. 

January 6 is the 6th day of the year in the Gregorian Calendar. ... Year 2006 (MMVI) was a common year starting on Sunday (link displays full 2006 calendar) of the Gregorian calendar. ... is the 23rd day of the year in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday (link displays full 2006 calendar) of the Gregorian calendar. ...

External links

• Verizon Business corporate website
• MCI website, mostly redirects to Verizon

Credit risk

• Moody's KMV Default Case Studies

Third party

• MCI Investor Starts Petition - Denver Business Journal / mcipetition.com
• WorldCom Securities Litigation - Official WorldCom class action suit / settlement update site
• HavenWorks' WorldCom News
• Forbes article on WorldCom scandal
• BBC News - WorldCom files for bankruptcy
• Analyst Coached WorldCom Chief on His Script, The New York Times, February 27, 2003
• CFO Magazine, April 21, 2004, "MCI Emerges from Bankruptcy"
• cnn.com 07-13-2005 "Ebbers gets 25 years"
• Largest US Corporate Bankruptcies (1980-present)
• Cybertelecom :: MCI / WCOM Regulatory History
• Qwest Withdraws from Bidding - Denver Business Journal / MCIpetition.com