NEW YORK CITY -- According to SEC filings released today the MCI Worldcom conglomerate has filed for an IPO (Initial Public Offering). Despite the company's promise, critics say the company is billions of dollars in debt and already listed publicly.
    "There is great potential for this industry and our company," said CEO John Sidgmore in a press release. "For us, there is nowhere to go but up."
    Some analysts were skeptical, however. "Companies like this have no business being publicly traded," said Bob Bontola, a Goldman Sachs advisor. "We used to have to settle for equity in companies that had not made a cent of profit. Now we have to settle for companies that have already filed for bankruptcy."