NEW YORK, June 25 - Shares of WorldCom (NasdaqNM:WCOM - News) sank like a rock in after-hours trade
on Tuesday following a news report that the beleaguered telecommunications giant has allegedly engaged in massive fraud
that may force it to file for bankruptcy.

WorlCom plunged to 36 cents a share on the Instinet system from a close of 83 cents on Nasdaq. David Faber, a correspondent for the CNBC financial
television network, quoted sources close to WorldCom as saying the company has inflated earnings before interest, depreciation, taxes and amortization, or
EBIDTA, by about $3.6 billion, and will soon restate its financial statements.

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