WorldCom: Showing Signs of Life

PROGRESS REPORT

When WorldCom first owned up to its massive accounting fraud last summer, most observers of the once soaring telecom upstart figured its calls were numbered. Rivals like AT&T and Sprint were happy to close the book on a company they blame as the principal culprit in the telecom bubble--one that had posted curiously high profits that they could never quite seem to match. But six months after its dirty little secret of success was exposed and the company was left for dead, WorldCom is confounding both its critics and its competition--not only refusing to die but showing some real, small signs...

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