Summary:

From ComputerWire:: WorldCom Inc will write off a staggering $79.8bn, including the remaining $45bn of goodwill on its balance sheet, the company revealed yesterday. The scale of the writedown, reportedly the biggest ever by a US company, highlights the plunge in the perceived value of telecoms […]

From ComputerWire:: WorldCom Inc will write off a staggering $79.8bn, including the remaining $45bn of goodwill on its balance sheet, the company revealed yesterday. The scale of the writedown, reportedly the biggest ever by a US company, highlights the plunge in the perceived value of telecoms assets since the 1990s. So this is yet another chapter in the sordid saga of Bernie Ebbers

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