Want more? Check out all this week's News.com headlines. CEO John Sidgmore goes to Washington to apologize and to pledge that financial irregularities are in the company's past. Also: Intel readies its upcoming Itanium 2 built for two speeds. In his first public appearance since the announcement of the $3.85 billion accounting scandal, Sidgmore acknowledged that there has been an outpouring of outrage and anger directed at his company and promised to do whatever was necessary to regain the public's trust.
CNET co-molded impact absorbing case for iphone 6/6s también está disponible en español, Don't show this again, Juniper caught in WorldCom firestorm?The telecom equipment maker, which counts WorldCom as a major customer, may feel an impact from the accounting scandal for several quarters to come, June 27, 2002, Congress subpoenas WorldCom execsThe subpoenas come as U.S, officials vow to tighten accounting regulations, with WorldCom being just one among a host of recent corporate scandals.June 27, 2002, Tech world ducks and covers After WorldCom, technology companies may be more closely scrutinized for a wide range of reasons, including ties to auditors and use of various earnings measures, June 26, 2002..
SEC wants answers update Chairman Harvey Pitt says the securities agency is seeking an order to prevent the company from selling off assets, destroying documents and making hefty payouts to senior officers. June 27, 2002. WorldCom gets amended ticker symbolShares of the company and its MCI unit, which were halted for trading Wednesday after WorldCom disclosed a $3.8 billion accounting scandal, are listed under new ticker symbols.June 27, 2002. Bush pledges WorldCom investigationupdate President Bush promises a full investigation of "outrageous" accounting irregularities at the company. Aides say he is "mad as hell" about the lack of corporate responsibility in America.June 26, 2002.
Harsh spotlight for new WorldCom chiefJohn Sidgmore has been promising a fresh start and a bright future for the telecom giant ever since he stepped in as chief exec nearly two months ago, That job just got a lot harder, June 26, 2002, Customers scrambleWith news of the company's financial shenanigans and its pending 17,000 layoffs, customers and partners are wondering whether it co-molded impact absorbing case for iphone 6/6s might be best to take their business elsewhere, June 26, 2002, WorldCom: What future? update With bankruptcy a possibility, Wall Street analysts begin handicapping the future of the company and conclude that there may not be much of one, June 26, 2002..
A $4 billion blunderupdate WorldCom fires its CFO after discovering that the company had improperly accounted for almost $4 billion on its corporate balance sheets. June 25, 2002. Telecommunications deflatedWorldCom's fall is the most dramatic comedown in an industry that over the past year has been collapsing into financial chaos. June 25, 2002. After Andersen, accounting worries stick While Arthur Andersen and Enron are on their way to becoming footnotes of American business, the bookkeeping questions they raised threaten to drag down tech companies. June 17, 2002.