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streetshooter

03/11/02 8:17 PM

#989 RE: KauaiPI #987

KP:


Thanx for the update on WCOM, we,ll see what happens with it, seems like old stuff to me. I,m cost averaging on this thing right now, thru a (DRIP). And will do so under 14.00.

Like said, this is a long term play for me...so unless it turns out to be another GX....we,ll see where she ends up in 12 months or so. At this point i,m not concerned.


The spell check,LOL... man, sometimes i,m so crunched fo time, i just post and hope its halfway readable,LOL.

I have used it though, nice feature for typing clod hoppers like myself LOL....when i have the time.

Good Luck,

Shooter

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streetshooter

03/11/02 9:37 PM

#991 RE: KauaiPI #987

WCOM NEWS: SEC Inquiry:



WorldCom Receives SEC Inquiry


CLINTON, Miss., March 11 /PRNewswire-FirstCall/ -- WorldCom, Inc. (Nasdaq: WCOM; MCIT) today said that it has received a confidential request from the Securities and Exchange Commission for voluntary production of documents and information. The request is available on the company's website at http://www.worldcom.com/investor.

The request addresses the following areas:

* WorldCom's 3Q00 pre-tax charge associated with wholesale accounts

(Requests 1-6)

* Disputed customer bills and sales commissions (requests 7, 18)

* WorldCom's accounting policies for goodwill and implementation of FAS

142 (Requests 8-17)

* WorldCom organizational charts and personnel records for former

employees (Requests 19-20)

* Loans by WorldCom to officers or directors (Request 21)

* Integration of WorldCom and MCI's computer systems (Request 22)

* WorldCom's tracking and review of analysts' earnings estimates

(Request 23)

* Federal or state agency investigations of WorldCom (Request 24)

WorldCom said that it believes all of its policies, practices, and procedures have complied, and continue to comply, with all applicable accounting standards and laws. Additionally, the company said that it intends to cooperate with the Commission's inquiry and that it will respond to the Commission's request as promptly as possible. The company said it is not aware of any information that would give rise to the Commission's inquiry.

ABOUT WORLDCOM, INC.

WorldCom, Inc. (Nasdaq: WCOM; MCIT), operating through WorldCom group and MCI group, is a pre-eminent global communications provider for the digital generation, operating in more than 65 countries with annualized revenues of $35 billion. With one of the most expansive, wholly-owned IP networks in the world, WorldCom provides innovative data and Internet services for businesses to communicate in today's market. For more information, go to http://www.worldcom.com .