Bankruptcy Protection
106 Stories
Mandrakesoft on the fiscal mend
News French Linux vendor Mandrakesoft announced on Tuesday that its revenue over the last fiscal year has reached 5.18 million euros (US$6.68 million), representing a 33 percent increase year-on-year.
Tags: Linux
Hongkong Land, Davnet look to buy PSINet unit
News Hongkong Land Holdings Ltd, one of the city's biggest office landlords, may buy wireless Internet services provider PSINet Hong Kong, the South China Morning Post said.
SCO Group gets the boot from Nasdaq
News The Nasdaq market has delisted The SCO Group, the Linux-seller-turned-Linux-litigant now in Chapter 11 bankruptcy protection.
Tags: UNIX
Nortel CEO steps down
News Bankrupt Canadian networking company is now without a chief executive, as Mike Zafirovski and most of board of directors have departed.
Tags: Mobile/Wireless, Business Strategies & Functions, Nortel Networks Corp., Bankruptcy, bankruptcy protection, Avaya Inc., CEO, networking company, network, asset
Nortel CEO said to be leaving soon
News Mike Zafirovski, who led the Toronto company into bankruptcy protection and oversaw the sell-off of wireless assets to Ericsson, will reportedly depart within weeks.
Tags: Mobile/Wireless, Components, Nortel Networks Corp., wireless asset, Cell Phone, bankruptcy, bankruptcy protection, Thomson Reuters Corp., Components, Wireless
Psystar bankruptcy protection filing could minimize Apple suit
News Essentially, filing has pressed the fast-forward button on the copyright proceedings and minimized what it could owe Apple.
Tags: Mac OS, Personal Computers, Lawsuits, Apple Inc., Apple Macintosh, Apple Mac OS, Bankruptcy, bankruptcy protection, Northern California, Chapter 11 bankruptcy protection
Nortel files for bankruptcy
News Telecommunications equipment maker seeks Chapter 11 bankruptcy protection as the current economic crisis exacerbates the troubled company's problems.
Tags: Mobile/Wireless, Networking technology, Financial, Nortel Networks Corp., Telecommunications, Wireless, Bankruptcy, bankruptcy protection, telecommunications equipment company, payment
Nortel to slash another 3,200 jobs
News Telecommunications equipment maker is laying of more than 10 percent of its workforce worldwide as it tries to survive a bankruptcy restructuring.
Tags: Layoffs, Nortel Networks Corp., Telecommunications, Cell Phone, Bankruptcy, Toronto, bankruptcy protection, Associated Press, 4G, job
Report: Nortel may sell off two key businesses
News Talks on letting go of two units raises the question of whether the telecommunications equipment maker will emerge from bankruptcy protection, according to The Wall Street Journal.
Tags: LANs and WANs, Network infrastructure, Financial, Nortel Networks Corp., Siemens AG, Telecommunications, Reorganization Plan, Wireless, Bankruptcy, Avaya Inc.
A series of unfortunate layoffs
Blogs Despite the depressing economic outlook around the world, most Filipinos that I've talked to still view the Philippines ...
'Spam king' could face criminal charges in Facebook case
News Judge refers suit against self-described "spam king" Sanford Wallace to the U.S. Attorney's office for possible criminal proceedings.
Tags: Spam and phishing, Phishing, Spamming, attorney, Bankruptcy, e-mail, Facebook, CAN-SPAM Act, Judge, San Jose
Lernout & Hauspie chairman Pieper resigns; no successor named
News Lernout & Hauspie Speech Products NV, which was awarded bankruptcy protection this month, said Chairman Roel Pieper resigned to spend more time teaching and in his private venture business.
SGI exits bankruptcy protection
News The high-end server maker emerges from Chapter 11 protection with a new board of directors and new funding.
Tags: Financial
Globalstar may file for bankruptcy protection
News The satellite-based mobile phone company says it may seek bankruptcy protection if it cannot raise more cash or agree to a restructuring plan with creditors.
Covad to file for bankruptcy
News The company is one of many troubled providers of high-speed digital subscriber line access that have incurred much financial pain over the past year.
