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Just keep telling yourself, "Worldcom won't fail, Worldcom won't fail"

  • From: Fletcher E Kittredge
  • Date: Mon Feb 25 13:53:33 2002


This is an interesting NYT article (free registration required) for
all of those of us trying to convince themselves that even if Worldcom
goes bankrupt, UUnet will stay up.  The example used is Global
Crossings.  If a company has complex enough finances and gets deeply
enough under water, the courts might not be able to figure it out and
creditors may just liquidate...  whether or not it makes sense for the
customers and society as a whole.  If the government is not willing to
step in for Enron, would they step in for UUnet?

http://www.nytimes.com/2002/02/25/technology/25GLOB.html

By the way, I never said to Dan Hollis and others: "You were right; I
was wrong." about Global Crossing.  If one had listened to Dan, one
would have known 12 months that Global Crossing was in trouble.  I
read their press releases and balance sheets and didn't see it... Mea
Culpa.

regards,
fletcher




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