AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
BUSINESS BRIEFS.(TO THE POINT)
TELECOM
Adtran ups Q3 sales, EPS outlook
The telecom gear maker says shipments are much higher than expected. It sees $98-$100 mil in sales, up about 12% -- the best in years -- and above analyst views of $94.1 mil. Its new profit forecast, 34-36 cents a share, up 30%, is 2 cents over analyst forecasts. Adtran surged 14% to 66.07, a three-year high.
WorldCom's Ebbers freed on bail
The ex-CEO was booked and pleaded innocent to charges by Okla.'s attorney general for breaking state securities laws. Though other execs face federal charges, these are the first against Bernard Ebbers or the company itself. A U.S. attorney called Okla.'s action "disappointing," saying the charges will interfere with a federal probe.
Nortel snags $1 bil wireless deal
Verizon Wireless, the joint venture of Verizon and Vodafone, is upgrading networks in several markets to offer more voice capacity, multimedia messaging and higher-speed Net access. Nortel will also support Verizon's Wi-Fi wireless networks for PCs. Nortel has long been Verizon Wireless' preferred vendor. Nortel rose 9% to 3.51, a ...
- Bernard Ebbers was convicted last month of engineering the largest corporate...
- Magazine article from: Telecom Asia April 1, 2005 700+ words
Bernard Ebbers was convicted last month of engineering the largest corporate fraud in US history, an $11b accounting scandal that capsized WorldCom three years ago. A federal jury in Manhattan returned guilty verdicts on all nine counts.
- WorldCom CEO Bernard Ebbers resigns. (Business).
- Newspaper article from: Fiber Optics Weekly Update May 3, 2002 700+ words
WorldCom's CEO Bernard Ebbers has formally resigned. The company has been under scrutiny by the SEC for past acquisitions and a huge loan it granted to Mr...
- Ebbers found guilty!(Bernard Ebbers )(Brief Article)
- Magazine article from: Accounting Today April 4, 2005 700+ words
New York -- After eight days of jury deliberation, former WorldCom CEO Bernard Ebbers was found guilty of fraud, conspiracy and filing false documents, which led to the massive $11 billion accounting fraud at the...
- SORTED AND THE CITY: BERNARD Ebbers.(Features)
- Newspaper article from: The Mirror (London, England) March 4, 2004 700+ words
Byline: ANDREW PENMAN AND MICHAEL GREENWOOD BERNARD Ebbers, former chief exec of WorldCom, denied fraud charges yesterday. He pleaded not guilty to fraud, conspiracy and making false...
- Ebbers's Conviction Upheld.(Bernard Ebbers)(Brief article)
- Magazine article from: The Practical Accountant September 1, 2006 700+ words
...federal appeals court upheld the conviction and 25-year prison sentence handed to former WorldCom chief executive Bernard Ebbers a year ago. He was found guilty of securities fraud and sentenced for his role in overseeing an $11 billion fraud...
- Bye-bye Bernie.(WorldCom executive Bernard Ebbers)(Brief Article)(Statistical...
- Magazine article from: U.S. News & World Report Benjamin, Matthew May 13, 2002 700+ words
A former bouncer and milkman with little knowledge of telecommunications, Bernard Ebbers created phone giant WorldCom by borrowing massively to make some 60 acquisitions over 17 years. He conducted his personal finances...
- Ebbers Found Guilty, Sentencing in June.(Bernard Ebbers )
- Magazine article from: TelecomWeb News Digest March 17, 2005 700+ words
Former WorldCom CEO Bernard Ebbers was found guilty of fraud, conspiracy and false regulatory filings after a six-week federal trial in New York as a result of...
- Ebbers convicted.(NAMES IN THE NEWS)(Bernard Ebbers)(Brief Article)
- Magazine article from: Multinational Monitor Mokhiber, Russell March 1, 2005 700+ words
A FEDERAL JURY IN NEW YORK CONVICTED Bernard Ebbers in a fraud that wiped out $100 billion in stock value at WorldCom, the company he headed. WorldCom disclosed the $11 billion...
