There Goes the Neighborhood

Like it or not, MCI will remerge and create havoc in the market. The signs of price competition are already there. And it is having a bad effect on MCI/WorldCom as well. The company reported that it had a net loss of $35 million in September, and revenues fell to $1.95 billion. In comparison the company had a net gain of $132 million in August on sales of $2.01B.  MCI blames continued margin pressure and weakness in its consumer LD and business markets. Well expect bad news to continue all through the telecom food chain. AT&T and Sprint could be next as well. Or as they say, there goes the neighborhood.