Bankrupt
RSS BankruptB2B marketplaces face stormy weather
News The report, 'Evaluating the Independent Trading Exchanges', forecasts that within the next year up to 90 per cent of exchanges could go bankrupt or be swallowed by mergers and acquisitions. Business-to-business (B2B)... [26 Apr 2000]
Motorola considers options for Iridium's satellites
News Motorola is considering how it will dispose of Iridium's satellites, following the company's announcement last week that it has failed to find a buyer for the bankrupt service. Iridium halted its worldwide satellite... [20 Mar 2000]
Overland to buy-out Tecmar for $3m
News Overland Data has agreed to buy the assets of bankrupt, Colorado-based Tecmar Technologies for $3m in cash. Entry-level tape storage vendor, Tecmar, will be filing for bankruptcy protection in the coming weeks, after... [13 Jan 2000]
Blair urges modernisation for state of UK ecommerce
News If you're not exploiting the opportunities of ecommerce, you could go bankrupt. UK Prime Minister, Tony Blair, launched the long-awaited Performance and Innovation Unit (PIU) report on ecommerce in Cambridge yesterday. [13 Sep 1999]
ICO fails to achieve $600m funding target
News Iridium has scared the market, and if it goes bankrupt, there's a good chance the whole industry could go belly up. ICO Global Communications last week said it has failed to raise $600m in financing from strategic... [15 Aug 1999]
HP may face antitrust lawsuit
News Nu-Kote, now bankrupt, will be returning to court this week following a federal judge's decision that HP may be guilty of antitrust violations. Hewlett-Packard (HP) has again left itself open to criticism by attempting... [21 Jun 1999]
Intel accused of unethical dealing
News Illinois law firm, TechSearch, filed the suit against Intel in June 1998 after the company claimed Intel had infringed a patent it bought from bankrupt chip company, International Meta Systems. Intel came under fire... [19 Apr 1999]
A Budget for entrepreneurs?
Comment Alambritis added that in the US, the Internal Revenue Service doesn't sell off a bankrupt company to the lowest bidder, but instead sends in an administrator to save the business - or resell it strategically. [19 Mar 1999]
SyQuest sells technology to Iomega for $9.5m
News Storage maker Iomega has said it plans to buy bankrupt rival SyQuest's technology for $9.5m. SyQuest declared Chapter 11 bankruptcy on 17 November, after a prolonged period of poor sales and loss of market share to Iomega. [14 Jan 1999]
Net users paid to view online ads
News Earlier this month, ecash software pioneer, Digicash, went bankrupt after failing to attract enough customers, while First Virtual pulled out of the market in July. Internet users are to be paid to view online ads, under... [12 Nov 1998]
Bankrupt firm sues SAP
News Bankrupt drug distribution firm FoxMeyer has filed suit against SAP for $500m, claiming the German company's ERP (enterprise resource planning) system helped drive it under. FoxMeyer was worth $5bn before declaring... [27 Aug 1998]
Software buyers to get protection guidelines
News The escrow contract would require developers to release the source code of their software to the purchaser if the software did not work, or if the developer went bankrupt. Apart from us, a few banks offer escrow services... [27 Aug 1998]
