The corporate policewelfare state
"Welfare mothers" (=women who gave birth to welfare?) never had it so good.
from The Register, via Atrios
MCI wins Iraq gig, shovels $500m to shareholdersBy Drew Cullen
Posted: 19/05/2003 at 15:51 GMT
MCI has won the gig to build Iraq's mobile phone network. The value of the contract is undisclosed.
Sensibly, the US Government ignored demands from Congressman Darrell Issa (R., San Diego) to ditch the outdated, 'French' GSM option, in favour of an All-American Qualcomm CDMA network. Technical considerations aside, the Middle East is an all GSM-zone. It makes sense for Iraq to be GSM too.
It's been a good couple of days for MCI, the company formerly known as Worldcom. Today the company agreed to pay shareholders $500m,
around one week's revenue, in a settlement with the SEC over fraud charges concerning $9bn, give or take a billion, in inflated revenues. [p6: emphasis added]
posted by Prometheus 6 at 5/20/2003 10:26:57 AM |
Posted by P6 at May 20, 2003 10:26 AM
| Trackback URL: http://www.prometheus6.org/mt/mt-tb.cgi/588
