<HTML>In a message dated 5/19/2003 3:41:45 PM Eastern Daylight Time, dhenwood@panix.com writes: <BLOCKQUOTE TYPE=CITE style="BORDER-LEFT: #0000ff 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px">[Nomi, how's this compare with, say, lost market value?] </BLOCKQUOTE> WorldCom (I really can't get used to calling them 'MCI') stock reached a high of 64 in 1999. Its market cap, or value, at the time was $180 billion. When the stock fell to 9 cents at bankruptcy, that market cap fell below the $500 million fine. So, let's see: adding up that $180 billion + $11 billion in 'misleading' revenues + $50 billion in goodwill that went to zero  = $241 billion in evaporated value. (Not including the $41 billion in debt they don't have to pay back) The fine is two-tenths of one percentage point of value lost. Nomi </HTML>