{"id":74,"date":"2002-02-02T13:27:26","date_gmt":"2002-02-02T20:27:26","guid":{"rendered":"http:\/\/mossback.org\/archives\/2002\/02\/telecoms-enron-\/"},"modified":"2002-02-02T13:27:26","modified_gmt":"2002-02-02T20:27:26","slug":"telecoms-enron","status":"publish","type":"post","link":"https:\/\/bennett.com\/blog\/2002\/02\/02\/telecoms-enron\/","title":{"rendered":"Telecom&#8217;s Enron &#8212;"},"content":{"rendered":"<p>\t\t\t\t<a href=\"http:\/\/www.lightreading.com\/document.asp?site=lightreading&#038;doc_id=11427\">Light Reading &#8211; The Global Site For Optical Networking<\/a><\/p>\n<blockquote><p>WASHINGTON, D.C. &#8212; With the Enron Corp. (NYSE: ENE &#8211; message board) scandal slapped on the front page of most major newspapers every day, the bankruptcy of Global Crossing Ltd. (NYSE: GX &#8211; message board), a large next-generation carrier, has ignited emotions in the telecom industry (see Global Crossing Falls Overboard ).<\/p>\n<p>\nJust days after the filing was announced, attendees at the Comnet tradeshow in Washington expressed disgust but a lack of surprise at the news.<\/p>\n<p>\n&#8220;It&#8217;s another Enron,&#8221; says Alex Jordan who was at the show representing his company, Advanced Research Diagnostic Systems. &#8220;They&#8217;re a fraud. They were spending money like drunken sailors without any purchase orders. It was mismanagement &#8212; period.&#8221;<\/p><\/blockquote>\n<p>My question is how many stock-market analysts GC had in its pocket, and how that number compares to Enron&#8217;s.\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Light Reading &#8211; The Global Site For Optical Networking WASHINGTON, D.C. &#8212; With the Enron Corp. (NYSE: ENE &#8211; message board) scandal slapped on the front page of most major newspapers every day, the bankruptcy of Global Crossing Ltd. (NYSE: GX &#8211; message board), a large next-generation carrier, has ignited emotions in the telecom industry &hellip; <a href=\"https:\/\/bennett.com\/blog\/2002\/02\/02\/telecoms-enron\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Telecom&#8217;s Enron &#8212;&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[],"class_list":["post-74","post","type-post","status-publish","format-standard","hentry","category-comp"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pbifyw-1c","_links":{"self":[{"href":"https:\/\/bennett.com\/blog\/wp-json\/wp\/v2\/posts\/74","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bennett.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bennett.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bennett.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bennett.com\/blog\/wp-json\/wp\/v2\/comments?post=74"}],"version-history":[{"count":0,"href":"https:\/\/bennett.com\/blog\/wp-json\/wp\/v2\/posts\/74\/revisions"}],"wp:attachment":[{"href":"https:\/\/bennett.com\/blog\/wp-json\/wp\/v2\/media?parent=74"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bennett.com\/blog\/wp-json\/wp\/v2\/categories?post=74"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bennett.com\/blog\/wp-json\/wp\/v2\/tags?post=74"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}