Worldcom emerges
 

MCI survived their Chapter 11 and they're ba-a-ack.

Probably a good time to pick up some of their stock.

What does this mean for old shareholders? My girl used to work for MCI and was sitting on a shitload of shares before they went under. Could they potentially be worth something again?

http://biz.yahoo.com/pz/040419/56059.html



Press Release Source: Parker & Waichman Attorneys at Law


MCI WorldCom Expected to Emerge from Bankruptcy Later this Week; Shares of WCOEQ and MCWEQ Likely to be Cancelled, Announces Parker & Waichman

They're still a rip off when it comes to Bandwidth. :2 cents:

I hear they make nice placemats

and wallpaper

I think there is still the class action lawsuit though. I didn't read the details but know I got automatically entered into the class action suit against them. I had a ton of shares of WCOM (could have been retired already) and they bottomed while I was still employed there back in 2000 - 2001.

Isn't MCI just the Long Distance division of WorldCom though? What about the rest of the company they were split off from each other for some time. I havn't kept up on it since end of 2000.

from what i heard the equity will be recycled, meaning debt holders will replace the currect equity shareholders.

mci has who i would consider one of the best ceo's in the world. once the equity thing is fixed up i would look into investing in mci for sure.

they changed the name to mci because worldcom has too much scandal around the name.