WorldCom earnings meet expectations, but stock falls as revenue disappoints

Article Abstract:

WorldCom Inc.'s third-quarter earnings met expectations, but its shares fell 14% on reports of revenue that was lower than expected. The company confirmed that it will restructure soon. It is also expected to issue a tracking stock for its businesses that have slower growth. The stock will probably have the 'MCI' name, and may comprise the firm's long-distance, Internet dial-up and wholesale concerns.

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WorldCom profit falls an expected 44%

Article Abstract:

WorldCom Inc. reported weak earnings for the fourth quarter and is expected to lay off 10% to 15% of its work force. The company's net fell 44% to $726 million.

Sales, profits & dividends, Company sales and earnings, Company earnings/profit

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AT&T's long-distance unit gets new CEO

Article Abstract:

Qwest Communications International has appointed Betsy J. Bernard as chief operating officer. The former consumer and small business division chief will be called upon to turn the $19 billion company away from falling revenues in a highly competitive market. Bernard plans new products and services and to catch up with competitors with DSL.

Telephone Communications, Executive changes & profiles, Statistical Data Included, Officials and employees, Human resource management, Telephone services, Appointments, resignations and dismissals, Qwest Communications International Inc., QWST, Company personnel management, Bernard, Betsy

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