This is a critical step forward for the Company in its efforts to emerge successfully from Chapter 11.Just yesterday I was looking for some 'real' explanation for why the Market suffered such a meltdown begining in March 2000, and continuing to the present lousy economic conditions. I wanted to know why and what caused the so-called; "tech melt-down", or the bust in the dot com boom. I have read some interesting ideas and causes such as the "tele-bomb" from a report by; New Networks InstituteBruce Kushnick, Executive Director826 Broadway, Suite 900New York, NY 10003212-777-5418http://www.newnetworks.comSPECIAL REPORTThe Bells Caused The Current Financial Recession: The Fiber-Optic Fiasco and America's Copper Dirt Road.But this didn't really address the 'real' cause, so I was digging around a site named the; National Communications System at; http://www.ncs.gov/ which is pretty interesting in itself -then- I Googled for some info. on Joseph P. Nacchio, Chairman and Chief of Executive Officer (CEO) of Qwest Communications, who was a recently the Chair for the National Security Telecommunications Advisory Committee (NSTAC) and discovered the following news article a few days ago.See the following; http://tinyurl.com/au0fLast changed: April 26. 2003 1:53PMReport: Sports mogul willing to pay $4.4 million to settle suitThe Associated PressBillionaire sports mogul Philip Anschutz is willing to pay $4.4 million to settle charges he profited improperly at the expense of Qwest Communications International Inc. shareholders, it was reported Saturday.-continued-The real eye opener here is at the bottom; The other defendants in the lawsuit are former Qwest Chief Executive Joseph Nacchio; former WorldCom Inc. Chief Executive Bernard Ebbers; Micromedia Fiber Networks Chairman Stephen Garofalo and former McLeod USA Chief Executive Clark McLeod.Not only is Joseph Nacchio (Q) involved with some of the other crooks of this fiasco, but so is Stephen Garofalo (MFNX) according to this recent news article.All of this 'stuff' is bound to have an impact on the recovery for Muffin... bummer!;o(
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