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Worldcom slashes $1bn from revenue forecasts
It goes from bad to worse for Worldcom
It goes from bad to worse for Worldcom
Troubled telco Worldcom has slashed at least $1bn from its revenue projections for 2002. The company says that it now expects to make between $21bn and $21.5bn this year, down from previous estimates in the region of $22.2bn to $22.6bn. The company is also being investigated by the Securities and Exchange Commission with regards to its accounting practices.