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Business News.(A)(Business News)
Emulex hoaxer logs guilty plea
Pleading guilty to securities and wire fraud, Mark Jakob, 23, admitted issuing a fake press release in August filled with bogus terrible news about Emulex. That release sabotaged the networker's stock and cost investors nearly $110 million. Its shares plunged as much as 62% until trading was halted. Jakob had sold short 3,000 shares. A federal judge in California accepted the plea and set sentencing for March 26. A
uthorities will recommend a sentence of 37 to 46 months. He also faces fines and an order to repay his victims, including investors who sold Emulex shares at huge losses. The government charges Jakob made more than $241,000 from the hoax.
Priceline's founder Jay Walker
leaves firm during restructuring
The "name your own price" Internet firm ...
- WorldCom to Split in Half.(Knight Ridder/Tribune Business News)
- Newspaper article from: Knight Ridder/Tribune Business News Kanell, Michael E. November 1, 2000 700+ words
...want rapid growth from WorldCom, Brewer said. Moreover...Nacchio," he said. "WorldCom is very much a global...company. This will free up WorldCom to be even more aggressive...Knight Ridder/Tribune Business News.
- WorldCom Inc., Sprint Corp. Call Off Merger.(Knight Ridder/Tribune Business...
- Newspaper article from: Knight Ridder/Tribune Business News Rios, Brenda July 13, 2000 700+ words
...But some experts think WorldCom will fight any takeover...as a suitor for Sprint. WorldCom beat BellSouth's bid...prices for both companies. WorldCom shares closed Thursday...Knight Ridder/Tribune Business News.
- WorldCom to Buy Communications Firm for Interest in Web-Hosting Company.(Knight...
- Newspaper article from: Knight Ridder/Tribune Business News Glanz, William September 5, 2000 700+ words
...Intermedia and certainly for WorldCom and Digex, but the way...said. That's because WorldCom purchased only Intermedia...9 million. Shares of WorldCom also fell on the Nasdaq...Knight Ridder/Tribune Business News.
- WorldCom Proposes Settlement with Verizon in Pennsylvania.(Knight...
- Newspaper article from: Knight Ridder/Tribune Business News DeKok, David November 30, 2000 700+ words
...offered. Carl Giesy, a WorldCom lawyer, said that would...competitors. Under the WorldCom proposal, Verizon would...provision. Other parts of the WorldCom proposal would toughen...Knight Ridder/Tribune Business News.
- Atlanta-Area WorldCom Unit May Relocate to Alpharetta, Ga.(Knight...
- Newspaper article from: Knight Ridder/Tribune Business News Wilbert, Tony July 14, 2000 700+ words
...Hines has discussed the WorldCom space with companies seeking...square feet of office. WorldCom's lease at Ravinia expired...did not successfully woo WorldCom said its decision to concentrate...Knight Ridder/Tribune Business News.
- Feds Block WorldCom, Sprint Merger; Others Scramble over Two Firms.(Knight...
- Newspaper article from: Knight Ridder/Tribune Business News May, Jeff June 28, 2000 700+ words
...routed service. What WorldCom would gain from the sale...Suisse First Boston, and WorldCom's is twice as big. It...diminishing returns. For now, WorldCom and Sprint said they...Knight Ridder/Tribune Business News.
- WorldCom Buys Communications Provider to get Web-Hosting Firm.(Knight...
- Newspaper article from: Knight Ridder/Tribune Business News Kanell, Michael E. September 5, 2000 700+ words
...like BellSouth. Because WorldCom in many places offer some...be bought by Broadwing. WorldCom stock dipped $3.13 a...G. Edwards upgraded WorldCom to a buy recommendation...Knight Ridder/Tribune Business News.
- MCI WorldCom Launches New Campaign to Promote Internet Services.(Knight...
- Newspaper article from: Knight Ridder/Tribune Business News Kanell, Michael E. April 14, 2000 700+ words
...HEAD, S.C.--MCI WorldCom on Thursday announced a...it now provides. What WorldCom wants is more attention...customers, as well as for WorldCom's 77,000 employees...Knight Ridder/Tribune Business News.
- WorldCom Accused of Deceptive Ads on Phone Rates.(Knight Ridder/Tribune...
- Newspaper article from: Knight Ridder/Tribune Business News Kwan, Joshua L. July 21, 2000 700+ words
...complaint alleges that WorldCom failed to disclose or adequately...that raised concerns, WorldCom responded with deception...hotlines. "We can expect WorldCom to be far more responsive...Knight Ridder/Tribune Business News.
- WorldCom Announces Sharply Reduced Earnings Estimate, Organizational...
- Newspaper article from: Knight Ridder/Tribune Business News May, Jeff November 2, 2000 700+ words
...will assume $6 billion of WorldCom's $23 billion debt load...continue to be governed by WorldCom's existing board. Another...share of MCI for every 25 WorldCom shares they hold. The...Knight Ridder/Tribune Business News.