WorldCom's Audacious Failure and Its Toll on an Industry
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Few executives have helped create, and then watched the destruction of, as much wealth as Bernard J. Ebbers, the former chief executive of WorldCom.
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It was less than two years ago that Wall Street analysts Jack Grubman and Henry Blodget paid $19 million in fines and were banned from the securities industry for life to settle allegations that they'd promoted stocks like WorldCom and Global Crossing as the telecom companies swan-dived into an empty swimming pool. Shortly after that, in April 2003, 10 of ...
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It reads like a VIP list of failures - Hewlett-Packard, Toshiba, Intel, and Philips. Each of these technology powerhouses tried to conquer a promising technology for making thin, big-screen televisions -- called
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Computer failure points to the challenge of aging equipment.
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Between Qualcomm and Broadcom, victory is in the eye of the beholder.
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Nearly four years have passed since the peak of the fiber-optic boom, but overcapacity continues to plague carriers, and prices for bandwidth continue to fall. By Joanna Glasner.
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A possible 2001 merger between  WorldCom Inc. and Verizon Communications was scuttled by  internal concerns over accounting tricks at WorldCom, jurors in  the fraud trial of former WorldCom CEO Bernard Ebbers were told  on Thursday.
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Western Digital's Scorpio drives promise stinging performance.
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Worldcom's Directors settle a landmark case by paying out of pocket. Meanwhile, Walter Forbes skates.
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The high-flying Advanced Micro Devices Inc. of 2006 has given way to a company in financial peril, saddled with debt and bleeding from a brutal price battle with its larger and suddenly resurgent Silicon Valley archrival, Intel Corp.
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Disastrous service can turn off customers and investors.
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The broadcast companyâs loss stemmed from write-downs, breakup costs and weak advertising sales.
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Oversold technology, under-priced fees Citywide Wi-Fi was supposed to be the lifeline that would lead Earthlink to higher ground. With two of major deals suddenly declared dead and a third on suicide watch, it's starting to look like a ball and chain.â¦
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In the telecom sector, no company is safe anymore.
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Imagining hundreds of outage-related micro-dramas unfolding simultaneously.
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The things that kill us in IT center around being forced to work within the confines of legacy infrastructural decisions and processes, and more importantly, how any change that occurs (for good or bad reasons) will at best fix one tactical issue, but that will more than likely cause other problems.  We hope the new problem will be better than the old, or at least will become someone else's issue.
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The techno gadgetry retailer has another rough month.