orldCom, Inc. (Nasdaq: WCOM, MCIT) today announced it intends to restate its financial statements for 2001 and the first quarter of 2002. As a result of an internal audit of the company’s capital expenditure accounting, it was determined that certain transfers from line cost expenses to capital accounts during this period were not made in accordance with generally accepted accounting principles (GAAP). The amount of these transfers was $3.055 billion for 2001 and $797 million for first quarter 2002." Ouch
. Starting the day with a smile.I
ncredible illustrations: Take a deep breath and visit www.tokidoki.it
(Start the Love Soccer Game and then click 'You can enter tokidoki...' in the lower right corner to see the whole site).C
NBC anchorman, speaking hasty: "People feel like they've invested in a third world country". Tangled woman, once perfect, now tousled hairdo adds: "There's nothing left to believe in". Trader: "I feel like i'm selling round-trip tickets for the Titanic".