WorldCom Writes off $80 billion

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