Jul 14, 2004 : MCI Back on Nasdaq, Remains IP-focused

📅 July 14, 2004 - Web hosting and Internet services provider MCI (mci.com) announced on Wednesday that it has begun trading on the Nasdaq stock market under the new symbol "MCIP." MCI, formerly Worldcom, has returned to the Nasdaq after filing the largest bankruptcy in history amid a massive accounting scandal.

MCI said the new symbol reflects is Internet Protocol tradition.
"Our employees selected MCIP as our new ticker symbol to reflect MCI's leadership as a global IP provider," says Michael Capellas, president and chief executive officer of MCI. "With the same employee dedication and determination that brought us here today, MCI is now focused on our future, on serving our customers and leading the industry to the next generation of integrated communications."
The Ashburn, Virginia-based carrier said it is continuing to make progress in its shift towards IP-based telecommunications.
In the last few months, it has signed nearly $1 billion in new contracts, reduced its cost structure, rolled out a new suite of managed security services, introduced an on-demand application service and demonstrated the world's fastest IP network connection. Earlier this month, MCI expanded its Web hosting portfolio.

Reads: 1806 | Category: General | Source: TheWHIR : Web Host Industry Reviews
URL source: http://www.thewhir.com/marketwatch/mci071404.cfm

Company: Mci

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