Whoa, slow down, WorldCom hasn't filed for bankruptcy YET. They're only cutting 17,000 jobs (1/5 of their work force), their stock is only worth $.09 and they went from a $160 billion company to a $180 million company (pathetic ). Just wait a week or two and you'll see.
I'm guessing that after they've filed, they'll keep their customers and assets as long as possible and try to secure a loan like Adelphia. But I'm betting that'll blow up in their faces and they'll end up selling everything (or at least some things) to the highest bidder, so if Cogent bids high enough, sure, they'll get some assets (it's more likely that AT&T or some other major competitors will buy the most though).
I don't agree. I hope that WorldCom gets a loan. If their assets are sold at fire sale pricing, we'll see the pricing on bandwidth erode even more, and more companies will go out of business because there will be little or no margin in bandwidth sales anymore. It's already bad enough, we don't need it to be any worse than it is now.
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