WorldCom Files for Chapter 11. WorldCom filed for bankruptcy protection tonight, almost four weeks after the telecommunications giant disclosed nearly $4 billion in deceptive accounting. By The Associated Press. [New York Times: Business]
9:16:07 PM
RealNetworks Poses Challenge to Microsoft. In a significant challenge to Microsoft, RealNetworks plans to announce a new version of its software that can distribute audio and video in a range of formats, including Microsoft's own proprietary Windows Media. By John Markoff. [New York Times: Technology]
9:15:23 PM
