] But last week's WorldCom tutorial may beat all the
] others. Thanks to its announcement on Thursday, we now
] know in actual, quantifiable, stupefying terms, just how
] much WorldCom overpaid for the telecommunications network
] it built.

hmmm... seems to me that they may be writing down the cost of the network in order to get their balance sheet just to balance.

From WorldCom, an Amazing View of a Bloated Industry