Word: mci
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...fourth model, files are treated much like telephone service or another public utility, with consumers paying a regular fee to a company similar in structure to AT&T or MCI...
...investor leads by advertising on Yahoo's astrology page." Maybe there's hope for Furby yet. - By STEVE ZWICK New WorldCom Order A U.S. court-appointed monitor announced an overhaul of bankrupt telecom giant WorldCom's corporate governance, as Oklahoma filed criminal charges against the company - now known as MCI - and six former executives, for giving false information to investors...
...competition hasn?t been idle either. Companies like Verizon, AT&T and SBC have banded together to mount an aggressive attack on MCI. They?ve been primarily concerned that MCI would emerge from bankruptcy with relatively light penalties and the lowest debt load in the business. (Last May, MCI reached a $750 million settlement with the Securities and Exchange Commission, the largest in the agency?s history but a fraction of the amount investors lost to fraud.) The competitors were recently helped by a whistleblower who went to Verizon and told executives there that MCI had been creatively rerouting calls...
...part, MCI has been fighting back with a campaign that included running newspaper ads about its internal reforms-in papers sure to be read by decision makers. ?MCI: We've Only Just Begun,? read the tagline. It must have been some kind of cosmic joke that one of the ads ran opposite a news story in the Washington Post about the fresh allegations that MCI illegally rerouted its calls. Other probes by congressional committees and the FCC are in the works. Meanwhile a hearing on the firm?s bankruptcy reorganization plan has been postponed until early September...
...MCI chief executive James Capellas maintains that the company is committed to honesty and accountability, and it hasn't protested GSA's decision for now. But the agency could take months to decide whether to formally bar MCI from government contracts; meanwhile the company can bid but can't be awarded any government work. The loss of its largest customer could, in the end, be fatal to the telecom giant, industry analysts warn...