MCI Reports Loss For First Quarter
MCI, after being the center of a bidding war between Verizon and Qwest (which Verizon won), reported a first-quarter loss.
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MCI, after being the center of a bidding war between Verizon and Qwest (which Verizon won), reported a first-quarter loss.
Qwest Communications International was outbid by Verizon to purchase MCI, but at least narrowed its losses in the fourth quarter.
Alcatel shares fell 8% after the company reported fourth-quarter results with operating and net profits not living up to expectations.
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