Every day I regret what happened at WorldCom and I accept responsibility for the false and misleading information.
Scott Sullivan
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Clearly in a world where they are behind (players such as MCI WorldCom), it's not a matter of ease. It's a matter of time frame.
Kevin Moore
It's very, very sad, so disappointing. Even [ex-WorldCom chief] Bernie Ebbers, who got 25 years, is out pending appeal. We just have to now concentrate on the appeal.
Charles Stillman
WorldCom has a solid base of bill-paying customers, strong fundamentals, a solid balance sheet, manageable leverage and nearly $10 billion in available liquidity, ... Bankruptcy or a credit default is not a concern.
Bernie Ebbers
Buying WorldCom would give local phone companies ammunition. WorldCom will give anyone a global presence with its infrastructure into the cities.
Pat Commack
Although I would like more than you know to answer the questions that you and your colleagues have about WorldCom, I have been instructed by my counsel not to testify based on my Fifth Amendment constitutional rights.
Bernie Ebbers
The veracity of the rumors circulating about WorldCom over the last week has truly been unbelievable.
Bernie Ebbers
Moody's chairman, Clifford Alexander, was on the board of WorldCom up until last year, ... The biggest bankruptcy in U.S. history, and the chairman of Moody's was on the board. There's no way that should happen. He also shouldn't be on the board of the National Association of Securities Dealers. They're supposed to be independent.
Sean Egan
Hopefully WorldCom will not use its debt-free status to start a price war.
Jeff Kagan
The benefits of this merger are compelling for the stockholders of both MCI and WorldCom -- powerful synergies and ownership in the best performing communications stock over the past decade. This merger is about growth -- value for stockholders, enhanced products and services for customers and new opportunities for employees.
Bernard J. Ebbers
[This is why WorldCom's shares keep falling, ending Wednesday down another 27 cents -- or 11 percent -- to $2.21.] There's a real company there, ... the chance that WorldCom avoids Chapter 11 gets slimmer by the day.
Paul O'neil
WorldCom and AT&T basically have a duopoly on Fortune 500 customers.
Pat Comack
WorldCom condemns unauthorized carrier switches, and we cooperated fully with the FCC's review, ... The incidents highlighted by the FCC were perpetrated by a few sales employees, who have since been terminated.
Bernard J. Ebbers
While we are not increasing our official financial estimates for 2001 at this point, we view the WorldCom relationship as clearly offering the potential for upside.
Tim Savageaux
This agreement is a classic win-win. It allows both companies to grow their core businesses while creating synergies as each expands its global offerings. EDS offers MCI WorldCom proven IT and integration expertise, which will be key to our ability to maintain our technology leadership position as we continue to aggressively deploy facilities and expand globally.
John Sidgmore
While we haven't received details from the state AG, the notion that former WorldCom executives committed fraud is not new news.
Brad Burns
With three major U.S. telecoms under Securities and Exchange Commission investigation, we thought little more could happen to dampen already miserable investor sentiment in the space, ... Now events at WorldCom leave us virtually lost for words.
Adam Quinton
Customers transferring over to us would have to take one of our price plans, and those are different, ... It's unlikely that any carrier involved will offer the same price points and service plans WorldCom originally offered. WorldCom, after all, was competing with us. Basic structure might be the same, but some elements will be different.
Jim Gerace
What WorldCom needs now is a hardened, seasoned outsider that will take a butcher knife to costs and sell off assets ASAP.
Paul O'neil
A lot of people have been afraid, have been scared because of the WorldCom disaster. But a lot of value players are now rushing into AT&T, ... Why? Not because of the phone business, because they have sold their cable assets to Comcast. And that brings a new ball game for AT&T holders. You know, the Comcast deal will give each AT&T shareholder about a third of Comcast stock.
Gene Marcial
Aligning with MCI WorldCom and its global telecommunications capabilities will enhance EDS' ability to serve our customers as they move into the digital world of electronic business, ... This relationship assures that both EDS and those we serve are positioned to capitalize on the cresting wave of global data and voice network services.
Dick Brown
WorldCom will consider any serious offer but it is highly unlikely we would consider selling any of our core assets such as MCI or local assets.
Howard Jonas
WorldCom is frustrated because Wall Street investors just look at the total company. Wall Street isn't giving them credit for their growth.
Charles Disanza
Large deals just aren't getting done. We continue to see smaller deals, but companies are still hesitant to take any risk. This trend is likely to continue until the clouds of Enron, WorldCom and Arthur Andersen clear.
Bjorn Turnquist
[WorldCom spokesman Brad Burns said Friday one of McLucas' charges is to determine something not yet clear: when the accounting discrepancies began.] We're looking at everything to make sure we get to the bottom of exactly what's happened, ... Everything is on the table on that front.
Brad Burns
Mr. Sullivan was not the cause of the fraud at WorldCom. Mr. Ebbers was.
David Anders
The combination would be phenomenal. MCI WorldCom has every global service offering of telecom service except for one -- wireless.
Jim Friedland
What can the Fed do about WorldCom? This is not an interest rate problem. This is not something they should be involved with, ... I'm sorry, Wall Street, but you can't look to the Fed to save you when they don't have the tools to save you on this one.
Diane Swonk
Although other companies have reduced guidance in the past several days as well, WorldCom has nearly 100 percent exposure to the long-distance industry, which is experiencing the brunt of the severe difficulty in the telecom industry.
Anthony Ferrugia
With this merger, WorldCom accelerates by 12-to-18 months our ability to provide world-class managed Web and application hosting services -- one of the highest growth markets in the industry.
Bernard J. Ebbers
MCI WorldCom is made up of so many large companies in their own right that they all have a bad habit of blaming a different unit. When I have a problem and call, for example, the MFS unit, they tell me its UUNet's fault. When I call UUNet, they send me back to MFS. I'm not surprised that they were so disingenuous with this problem.
Tim Chase
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