Bankruptcy

Your source for the latest bankruptcy news from networking vendors and providers.

Lehman failure, Bank of America/Merrill Lynch buyout shake Wall Street again - Network ...
Sep. 15, 2008
Wall Street shook once again as Lehman Brothers announced it's headed into bankruptcy and Bank of America said it's buying Merrill Lynch for about $50 billion in a stock-swap deal. There's fallout for employees and ...

Lehman Brothers invested in IT despite credit crunch
Sep. 15, 2008
Lehman Brothers was increasing its investment in IT even as it headed into bankruptcy. In the last quarter, ending 31 August 2008, it spent $309 million on technology and communications, up from $282 million in the ...

Wall Street turmoil unlikely to KO IT industry
Sep. 15, 2008
While the high-profile troubles of major financial institutions such as Lehman Brothers, Merrill Lynch and AIG have given rise to recession fears within the IT industry, many analysts say that IT spending will continue ...

Lehman Brothers: Will IT innovation go down with the bank?
Sep. 15, 2008
Lehman Brothers, which went spectacularly bankrupt yesterday, was a technology powerhouse that pioneered grid computing and was able to sell the technology it developed in house to traditional software vendors.

E-mail bankruptcy is just too expensive
Jan. 03, 2008
I didn't check e-mail very often over the holidays, and when I did it took all of 15 minutes to whittle through the 150 or so (mostly spam) that landed in my inbox. Either our filters here at work are performing better ...

SCO says there is 'substantial doubt' it will survive
Sep. 18, 2007
With its cash reserves running out and its legal case against IBM unraveling, the SCO Group now says there is doubt that it will remain afloat.

Wireless metro service providers: back from the dead
Jun. 26, 2007
About 13 years ago, we at Battery Ventures invested in a company called General Wireless, a company with no assets, no customers and one tough CEO, Roger Lindquist.

Too much e-mail? Just give up!
Jun. 01, 2007
Jason and Keith chat about the Spam King being arrested, new devices from Microsoft and Palm, and whether people overloaded with e-mail should just give up and declare 'e-mail bankruptcy.'

Perhaps forgotten, but not gone
Aug. 15, 2005
Remember General DataComm? .. Maybe not. Founded in 1969, GDC was big back in the days of modems, multiplexers and ATM, but then hit hard times and had to sell off three of its four divisions to survive bankruptcy. Now ...

At last, Bernie's day in court
Jan. 31, 2005
The defense will argue that through all of this Ebbers was good at deal making but bad at the business mechanics - which were all the more messy because of the rampant deal making - and he was misled by subordinates who ...

Que sera, Cereva
Jun. 25, 2002
Storage start-up Cereva Networks folded Monday after taking over $160 million in funding and failing to release a product.

BenQ Mobile bankruptcy prompts Infineon to cut jobs
Oct. 25, 2006
The insolvency of German handset maker BenQ Mobile continues to reverberate in the mobile phone sector. On Tuesday, chip maker Infineon said it will lay off workers and take hundreds of millions of dollars in charges ...

BenQ Mobile to file for bankruptcy in Germany
Sep. 28, 2006
BenQ Mobile GmbH & Co. plans to file for bankruptcy protection in Germany after its Taiwanese parent decided to stop investing in the money-losing operation, the mobile phone maker said Thursday.

What would you do?
Jul. 24, 2006
To say IT is a constant challenge is an understatement. Even the most scheduled of tasks can be a test of leadership. What sets good IT executives apart from great ones is how they identify and, ultimately, solve ...

As SGI fights to stay alive, users hope for the best
May. 12, 2006
Despite filing for bankruptcy this week, Silicon Graphics Inc. officials said that users will get their products, service and support without change even as new product plans will move ahead. That message is an attempt ...

Ericsson bids for Riverstone
Mar. 17, 2006
Ericsson this week topped rival Lucent's offer for the assets of Riverstone Networks.

Commerce One patents auctioned for $15.5 million
Dec. 13, 2004
About 40 patents owned by bankrupt software vendor Commerce One were auctioned for $15.5 million in a San Francisco bankruptcy court last week.

As CLECs get a second chance, users get deals
Jun. 16, 2004
Anderson Columbia, a road construction contractor in Lake City, Fla., chose to switch to telecom provider ITC DeltaCom just five months before the competitive local exchange carrier filed for bankruptcy.

Equipe shuts down
May. 28, 2004
Equipe Communications, a start-up maker of multi-service core switches, shut down this week after a deal with Lucent fell through following Verizon's selection of Tellabs as the supplier of next-gen switches for its ...

Management vendor Oculan closes doors
May. 25, 2004
Oculan, whose purple boxes are used to manage and secure networks at small and midsize companies, is fading to black.

Peregrine seeks second chance
May. 24, 2004
Having emerged from Chapter 11 bankruptcy protection last year, Peregrine this week will try to convince attendees at its annual customer conference that the company is here to stay and can help them better manage their ...

Focusing on MCI's financials
Apr. 30, 2004
MCI's financial past and future is becoming clearer as the carrier filed key documents with the Securities and Exchange Commission this week.

MCI shakes off Chapter 11 mantle
Apr. 26, 2004
MCI emerged from Chapter 11 bankruptcy protection last week with a mere $6 billion in debt, 27,000 fewer employees and cash in the bank.

MCI emerges from bankruptcy protection
Apr. 20, 2004
MCI Tuesday said it has formally emerged from Chapter 11 bankruptcy protection and is beginning to distribute securities and cash to its creditors.

Q&A: MCI U.S. sales chief on rebuilding strategy
Apr. 20, 2004
Now that telecommunications vendor  MCI has  emerged from Chapter 11 bankruptcy, the company has high hopes to rebuild itself in the wake of the accounting scandal that emerged in 2002, when it was known as WorldCom. ...