Rodent Regatta

THE FUNDAMENTAL SHIFT IN TELECOM

We’ve long known that the historic telecom monopoly would one day give way to free-market telecom companies with next-generation IP networks. The move from one to the other isn’t painless (at all) and it is not something that happens overnight. Look at some of these death struggles:

• WorldCom Creditors Said to Be Restless. Bert C. Roberts Jr., WorldCom’s chairman, and John W. Sidgmore, its chief executive, are coming under increasing criticism from the company’s creditors. By Seth Schiesel and Simon Romero.
  
• Nextel shares plunge after departure is announced
  
• Global Crossing Memos Released. Executives at Global Crossing raised concerns about accounting at the company as early as August 2000, investigators at the House Commerce Committee said Thursday. By Bloomberg News.