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Unintended Consequences

Posted: 11/2002 Unintended Consequences ALL’S FAIR IN LOVE AND WAR … but what about business? The recent spate of Chapter 11 protection filings in the sector has spurred an unexpected debate over U.S. bankruptcy policies. It begins like this: If companies such as WorldCom are allowed to emerge from bankruptcy and are cleansed of all […]

WorldCom’s Yates Pleads Guilty in Accounting Scandal

Buford Yates Jr. on Monday became the second WorldCom Inc. executive to admit participation in one of the largest accounting frauds in U.S. history. Yates, WorldCom’s former director of general accounting, pleaded guilty to one count of conspiracy and one count of securities fraud before a U.S. Magistrate judge in Manhattan. Yates could be sentenced […]

NOT NECESSARILY NEWS

Posted: 10/2002 Overheard… "That is like saying, will murder continue? Ever since Cain slew Abel we’ve had it." — Ira Lee Sorkin, a former SEC regulator and former criminal prosecutor for the U.S. Attorney’s Office, on whether the U.S. has seen the last of corporate accounting fraud. Just Say No Citizens of Norfolk Island in […]

Dynegy Global Communications to Pursue Ventures

Dynegy Inc. (www.dynegy.com), the Houston-based energy merchant, has assured investors for months its telecommunications unit will get out of the red. In the meantime, Dynegy has disclosed its network isn’t worth its original value. For the second consecutive quarter, Dynegy said it would post approximately a $300 million charge to reflect a noncash writedown in […]

CARRIER CHANNEL BRIEFS

Posted: 04/2002 Briefs American Fiber Systems (AFS) announ-ced completion of a nearly 40-mile dark-fiber ring winding through Salt Lake City and surrounding communities. It provides immediate, on-net access to the local facilities of Level 3 Communications Inc. and Switch and Data. It also provides access to telco COs in Salt Lake City, West Valley City, […]

Regulatory News – Adds, Moves & Changes

Posted: 01/2001 Adds, Moves & Changes Gary Gerard David O’Connor Jeff Verderame * TARGUS Information Corporation, a provider of Real Time Intelligence, has expanded its telecom services organization. David O’Connor, Jeff Verderame and Gary Gerard have joined TARGUSinfo. All three have held various positions at major local, long distance, ISP and operator services companies. O’Connor, vice […]

Regulatory News – Adds, Moves & Changes

Posted: 12/2000 Adds, Moves & Changes * Terremark Worldwide Inc. (www.terremark.com), a Miami-based telecom infrastructure and value-added services provider, has elected Jose Maria Figueres-Olsen, former president of Costa Rica, to its board of directors. Figueres-Olsen was president of Costa Rica from 1994 to 1998. He led the country through several IT programs, and is expected to […]

Trading Desk: News Briefs

Posted: 10/2000 News Briefs *TFS Energy LLC, the result of the recent merger between Tradition Financial Services Inc. (www.tfsbrokers.com) and the former New York energy group of Sakura Dellsher Inc., has announced the formation of TFS Telecom, a division of TFS Energy LLC, to provide operating telephone company (OTC) bandwidth brokerage services and risk management […]

Business News – Global Crossing’s Internet Sub Files for IPO

Posted: 06/2000 Global Crossing’s Internet Sub Files for IPO By Ken Branson GlobalCenter Inc. (www.globalcenter.com), the Internet hosting and service subsidiary of Global Crossing Ltd. (www.globalcrossing.com), has filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (www.sec.gov).At press time, the asking price for the shares had not been determined, nor […]

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