Word: worldcom
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...sure, virtual management is not for everybody. Projects that require continuous give and take--like the development of public relations campaigns or new software--often require in-the-flesh management. The ideal virtual assignment is a long project with plenty of clear milestones. According to a WorldCom study released on March 14, technology companies are almost four times as likely as other companies to have a formal policy encouraging virtual management. That may be because tech companies are generally more willing to invest in the hardware and software that are needed to make long-distance supervision work. "Surprisingly...
...vast majority of the 510 business people surveyed by WorldCom rely on old-fashioned e-mail and telephone conference calls. But almost 20% now use Web conferencing--the latest and greatest long-distance communication tool that combines phone conferencing with visual interaction. Participants can see one another while conversing and can simultaneously look at maps, slides or software demonstrations. Web conferencing is still new to most companies, but it's catching on fast. In the WorldCom survey, a slightly greater number of companies reported using Web conferencing than videoconferencing. Jaclyn Kostner, president of Denver consulting firm Bridge the Distance, says...
...their homes, and only 17 million have personal computers," says Michael Maibach, a vice president at chipmaker Intel. One reason: tariffs on computer and telecom equipment range as high as 30% in some Latin American countries. Telephone regulations also keep Internet fees high. Phone companies like BellSouth and WorldCom are eager to expand in the Latin American market. Bell Canada International works in Mexico and four South American countries but chafes at "buy local" rules and tariffs. "We'd love to be able to buy the right communications network equipment from wherever it is best," says spokesman Peter Burn...
Jose Aguayo, a New Jersey-based energy analyst, was one of those believers. He lost thousands in Lucent and WorldCom shares. "I felt very silly," he says. And chastened. Now the splurge money is gone, and Aguayo says he won't be going back into stocks anytime soon. His experience is common. Vaporized stock-market wealth is at $4 trillion and counting. The losses have engendered one of the fastest economic decelerations ever--from an annual growth rate last spring of 6% to near zero today. In a $10 trillion economy, that's a difference of $600 billion...
...cash crunch. Lucent was first a beneficiary and then a victim of the race to wire the U.S. with the speed-of-light data pipes known as broadband. And now it has company in its misery, as broadband carnage has spread from phone companies like AT&T and WorldCom to fiber makers like Corning to optical-systems builders like Nortel Networks to components makers like JDS Uniphase and networking companies like Cisco Systems...