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Topic:   Telecoms are looking shakier by the day

Chris Stallings

posted 06-12-2002 12:39 AM CT (US)      The major telecom companies are taking huge stock and revenue hits. WorldCom has announced another round of massive layoffs, and Qwest is looking like a real dog. The partnership in Europe between Qwest and KPN has declared bankruptcy -- and its shutdown could impact over 25% of the data traffic in Europe. With so much dependence on electronic communications, how could these companies have stumbled so badly?

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