Quote:
Originally posted by Kimmykim:
Don't get so excited, even if L3 were to file bankruptcy it's not a big deal. Many companies have done it and come out fine.
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But most companies never came out.
Level 3 laid off at least 25% of their employees.
Exodus laid off at least 32% of their employees and filed for Chapter 11.
Verio laid off 1000 people minimum.
Excite@Home laid off hundreds of people and filed for Chapter 11 bankruptcy.
PSINet is bankrupt.
Cable & Wireless laid of hundreds.
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[This message has been edited by RK (edited 10-05-2001).]