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Ebbers, Former WorldCom Brass Had Total Autonomy, Say Reports

Bernie Ebbers and other former top executives at WorldCom Inc. ruled the phone giant as lords who concealed a massive accounting fraud from their auditor, bullied underlings who questioned their tactics and approved multibillion dollar acquisitions in a matter of hours or minutes without a shred of paper presented to the board of directors, according […]

Stocks Seesaw on Interest Rate Woes

Posted: 09/2000 Economy Slows May Spell End to Rate Hikes Signs the economy is slowing heartened Wall Street at the end of our session (July 15), as an unexpected drop in the government’s Producer Price Index (PPI) renewed hope the Fed may be done with rate hikes for the year.After six rate increases since June […]

Business News – McLeodUSA Expands Territory

Posted: 08/1999 McLeodUSA Expands Territory McLeodUSA Inc., Cedar Rapids, Iowa, has agreed to acquire Access Communications Inc. and SJ Investments Inc., both of Salt Lake City, which operate as Access Long Distance. Under the terms of the agreement, McLeod will pay approximately 1.9 million shares of 144(a) unregistered McLeodUSA stock and about $50 million in […]

Business News – ‘Total Solutions’ Is Focus of Coyote Subsidiary

Posted: 07/1999 ‘Total Solutions’ Is Focus of Coyote Subsidiary By Charlene O’Hanlon Looking to offer a total solution to the emerging carrier marketplace, Westlake Village, Calif.-based Coyote Network Systems Inc. has formed Coyote Communications Services LLC (CCS), which will provide–among other things–network operations and support to new and emerging carriers. CCS, a subsidiary company based […]

A Road Map for Internet Billing

Posted: 03/1999 A Road Map for Internet Billing Part Two of Three By Richard K. Crone While Internet bill present and payment (IBPP) promises to streamline and simplify the bill payment process, there is nothing inherently simple about launching an IBPP program. Part of the challenge is that there already are at least six electronic […]

Know Thine Enemy

Posted: 11/1998 Know Thine Enemy Intelligence Techniques Arm Carriers Against Subscription Fraudsters By Mario McCash James Bauer, deputy assistant director for the U.S. Secret Service Office of Investigations, testified in April before a Congressional subcommittee that all kinds of important personal information stored in computers, including driver’s license and Social Security numbers, are accessible and […]

Understand Churn or Die

Posted: 12/1997 Understand Churn or Die Long distance industry veterans know customer churn is high, especially for the largest carriers. But other industry segments struggle with high churn as well, especially those that are competitive. Cable television historically has had annual churn in the 30 to 35 percent range, while U.S. wireless carriers see 30 […]

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