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Businesses prepare for Internet disaster
News Court-appointed bankruptcy trustees want to sell the network in one chunk to maximise proceeds. Even short of bankruptcy, which would dwarf Enron's and become the largest corporate failure ever, major changes to WorldCom's business could result in...
[July 19, 2002, 13:34]
Bidding war for Scour heats up
News A judge in the US Bankruptcy Court for the Central District of California in Los Angeles, where Scour filed for bankruptcy protection, must approve Liquid Audio's bid. In mid-October, it filed for bankruptcy protection.
[December 8, 2000, 9:43]
Dot-com shutdowns taking summer holiday
News But chief executive Scott Slinker said on Wednesday that the company is not in the process of liquidating or filing for bankruptcy. One high-profile company that closed its doors during July was Webvan, which filed for bankruptcy protection.
[August 2, 2001, 9:19]
Ericsson wins bid for Nortel wireless assets
News Ericsson's bid is still subject to bankruptcy court approval in the US and Canada. Once a giant in wireless gear, Toronto-based Nortel filed for bankruptcy earlier this year. Ericsson cast the $1.13bn winning bid in an auction for the wireless...
[July 27, 2009, 8:50]
Novell: SCO insolvency 'imminent' and 'inevitable'
News Contrary to SCO's assertion that a preliminary injunction should be denied because it may accelerate SCO's bankruptcy, SCO's imminent bankruptcy is a compelling reason to grant Novell's motion. When SCO goes into bankruptcy, it will not be because...
[January 11, 2007, 13:41]
Iridium sets up shop in Iraq
News Both companies have gone through a bankruptcy process and emerged with more attractive service offerings -- having cut call rates to below $1 per minute and reduced prices on handsets. Iridium's new owners took control of the company after its 1999...
[July 22, 2003, 9:17]
WorldCom chief apologises in Washington
News Analysts have predicted that WorldCom, which counts MCI and UUNet as its prized assets, is likely to file for bankruptcy. Sidgmore said that while WorldCom couldn't rule out a bankruptcy filing, the company had "significant cash on hand".
[July 3, 2002, 7:42]
Capellas steps down from HP
News WorldCom is on the hunt for a chief executive to turn around the company, which is mired in a $9bn accounting scandal, a Chapter 11 bankruptcy reorganisation and a Securities and Exchange Commission probe.
[November 11, 2002, 15:08]
Gateway's plan to bring back Amiga
News Amiga went into decline after Commodore filed for bankruptcy in 1994, and stopped making the machines. But, like Commodore, Escom filed for bankruptcy a year later, and manufacturing was halted again.
[August 12, 1999, 14:59]
Vonage in legal bid to continue signing customers
News The company also admitted in a recent filing with the Securities and Exchange Commission that the ongoing legal battles over patent disputes could eventually lead to liquidation of the company's assets under bankruptcy protection.
[April 24, 2007, 16:17]
Digital industry execs bare their souls
News The company laid off a majority of its staff and filed for bankruptcy a few months after the MPAA filed a trademark infringement case. Bankruptcy has saved movie swapping site Scour from the MPAA's legal thumbscrews.
[November 15, 2000, 14:57]
apid Technology Deployment Enables Investor to Quickly Launch New Mortgage Firm
White Papers As a result of the reorganization and bankruptcy of its parent company and the desire to move forward with a viable business, Cela worked to sever the organizational ties that were in place and rapidly set-up a new company with a comprehensive...
[July 25, 2009, 1:18]
SCO admits it may fold
News The SCO Group may need to wind up its operations after its copyright case against Novell collapsed, prompting it to file for bankruptcy. A month later SCO filed for Chapter 11 bankruptcy protection, whereby the company's assets are protected from...
[September 19, 2007, 16:23]
John Reid: Tech industry must fight terrorism
News Al-Qaeda's threat to bleed us to bankruptcy is clear. Home Secretary John Reid has called on the security and technology industries to aid the UK government's counter-terrorist efforts. Reid, speaking at an anti-terror technology conference in...
[October 31, 2006, 13:40]
Scour song-swapping site to close
News This strategy is intended to help resolve upcoming litigation and ease the sale of the company's assets in the Bankruptcy Court. Scour filed its voluntary Chapter 11 bankruptcy petition 12 October, 2000.
[November 15, 2000, 15:41]
Silicon Graphics sues ATI over patent
News The move comes just days after SGI exited Chapter 11 bankruptcy protection with new financing, a trimmed-down product line and new executives and board members. Silicon Graphics has sued ATI Technologies, alleging the graphics chipmaker infringed a...
[October 25, 2006, 10:00]
Nortel Asia-Pacific plans major restructuring
News Nortel Networks will focus on a massive restructuring plan in its Asia-Pacific operations following news that the troubled network-gear maker filed for bankruptcy last week. Reports said Nortel, saddled by debts amid a slowdown in sales from its...
[January 20, 2009, 8:22]
KPNQwest collapse shakes European Internet
News Tue 11 Jun: KPNQwest's recent purchase of Ebone involved corruption at GTS, says a lawsuit, as the company's bankruptcy drama continues NEWS ANALYSIS: KPNQwest collapse hands future back to big players
[June 11, 2002, 16:08]
Napster nears the end of the road
News The assets of the long-shuttered Napster file-swapping service are expected to wind up in the hands of benefactor Bertelsmann Thursday, as the near-defunct start-up's bankruptcy hearings close. Napster agreed to sell itself to Bertelsmann for just...
[August 29, 2002, 10:16]
Level 3 to bankroll Genuity
News Genuity will go into voluntary Chapter 11 bankruptcy protection ahead of completion of the deal in the first quarter of 2003. Level 3 is to buy Internet hosting and IP networking company Genuity for $242m (£156m) in cash.
[November 28, 2002, 14:21]
