Bankruptcy
290 Stories
Nortel plans a restructuring in Asia
News The Asia-Pacific headquarters of the company that filed for bankruptcy protection last week, said the move will "strengthen the business for the long-term".
Tags: Networking technology, Business plans, Acquisitions, Business planning, Nortel Networks Corp., Asia, Philippines, Asia-Pacific, Europe, Bankruptcy
Online newspaper readership climbs 16 percent
News Top 10 online newspapers post double-digit increase in December Web traffic, offering the newspaper industry encouragement amid bleak times, according to a new report.
Tags: Web sites, Domain names, Web 2.0, Increase, Washington Post Co., New York Post, Los Angeles Times, Bankruptcy, USA Today, research director
Global financial contagion and sourcing
Blogs Watching the financial industry events unfold (perhaps snowball is a better word), I started wondering what this could m...
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., Cell Phone, wireless asset, Wireless, bankruptcy, bankruptcy protection, Thomson Reuters Corp., Components
SCO Group wins Unix copyright appeal
News An appeals court rules that a judge was hasty in deciding Novell didn't sell Unix copyrights to SCO Group.
Tags: Business applications, SCO Group Inc., Unix, Novell Inc., Bankruptcy, payment, CEO, Linux, asset, agreement
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
Ericsson to pay US$1.1B for Nortel wireless tech
News Swedish telecom giant beats out Nokia Siemens Networks and a private equity firm, in an auction for the CDMA and LTE wireless tech assets of bankrupt Nortel.
Tags: Data Management, Mobile/Wireless, Networking technology, Nortel Networks Corp., Siemens AG, Telecommunications, Wireless, Bankruptcy, Canada, asset
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
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.
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
'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
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 faces delisting from stock exchange
News Telecommunications equipment maker's stock is in jeopardy of being delisted from the New York Stock Exchange as the share price trades below US$1.
Tags: RFID, VoIP, Network infrastructure, Nortel Networks Corp., Alcatel, Telecommunications, Wireless, Stock, Bankruptcy, telecommunications equipment company
Reflections of an eternal optimist
Blogs We are left with very few hours of 2008--a rather volatile and difficult year for most of us. I have been meeting quite ...
Nine-year Iridium bankruptcy saga over for Motorola
News A judge has ruled Motorola does not have to pay damages of US$4 billion over the failure of its Iridium satellite venture.
Tags: Mobile/Wireless, Legal, Iridium, Satellite, Motorola Inc., Bankruptcy, phone, network, U.S., project failure
