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Na KPN/QWest nu ook MetroMedia Fiber Network in de problemen...

14-06-2002, 18:45 door Anoniem, 2 reacties
New York Times:

"Metromedia Fiber Is Under S.E.C. Inquiry"

WHITE PLAINS — Metromedia Fiber Network, a fiber optic network operator that filed for bankruptcy protection last month, announced today that federal regulators were investigating its accounting practices...

http://www.nytimes.com/2002/06/14/technology/14FIBE.html
Reacties (2)
16-06-2002, 12:13 door Anoniem
Effe bijzetten dat het zo'n @#$% NYT-link is..

"For full access to our site, please complete this simple registration form.
As a member, you'll enjoy: "

I'll enjoy shit, me thinks :-)
16-06-2002, 12:45 door Anoniem
Originally posted by Anonymous Canfolder
Effe bijzetten dat het zo'n @#$% NYT-link is..

"For full access to our site, please complete this simple registration form.
As a member, you'll enjoy: "

I'll enjoy shit, me thinks :-)

Dank je Anonymous, ik stond er niet bij stil dat je tegenwoordig eerst moet registreren bij NYT, like us :)

Aangezien de NYT blijkbaar een beetje flauw is, dan hierbij het volledige bericht:

"Metromedia Fiber Is Under S.E.C. Inquiry"

WHITE PLAINS, June 13 (Bloomberg News) — Metromedia Fiber Network, a fiber optic network operator that filed for bankruptcy protection last month, announced today that federal regulators were investigating its accounting practices.

A company spokeswoman, Kara Carbone, said that the Securities and Exchange Commission was examining the practices that led Metromedia to say it would restate its results for 2001.

The company said it was cooperating with investigators.

Metromedia, controlled by the billionaire John W. Kluge, said in April that it would restate results for the first three quarters of 2001 because of issues including revenue and expense recognition. Accountants at KPMG had refused to approve an audit of the company's books.

The company said in April that based on preliminary results it had a net loss last year of $5.36 billion, including costs of up to $4.3 billion in the fourth quarter to account for a fall in the value of assets. The company also said that it had wider losses in the first three quarters than previously reported.
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