Bankrupt
RSS BankruptNapster's back from the dead
News The long-anticipated resurrection of Napster appears complete today with news that Roxio has finally completed its purchase of assets from the bankrupt file-swapping company. Napster's technology and brand name have been... [28 Nov 2002]
Razorfish hooked by consultancy
News The company completed its acquisition of bankrupt Scient in October and agreed to acquire Lante in July. By Alorie Gilbert Computer services firm SBI has agreed to acquire internet consulting company Razorfish for about... [25 Nov 2002]
The Bloor Perspective: The net and bad news, top tier vendors turn the screw and that international ebiz report
Comment Add the increased possibility that a point player is either going to go bankrupt or be acquired and suddenly the battle is looking rather one sided. Autumn brings bad news more frequently than winter: strikes, bad... [25 Nov 2002]
Madster in deep trouble, say record labels
News The Recording Industry Association of America (RIAA) asked a Chicago federal court on Wednesday to hold bankrupt Madster - formerly known as Aimster - and its founder Johnny Deep in contempt of court. [22 Nov 2002]
WorldCom goes from bad to worse
News Matters at WorldCom have taken a turn for the worse today, with the bankrupt company saying it needs an extra five months to try to work out a recovery plan. With a number of senior execs having already pleaded guilty to... [23 Oct 2002]
More WorldCom staff to sing like canaries
News The admissions bring the number of former employees at the bankrupt telco who have pleaded guilty to four. Two more WorldCom execs have pleaded guilty to fraud in the ongoing investigation into the company's accountancy... [11 Oct 2002]
"Ten years from now, you'll know whether I was on drugs or not"
News It's not like Novell, it isn't going to run out of money - it started off bankrupt, in a way. "Linux is not about free software, it is about community . Microsoft CEO Steve Ballmer saves this backhanded compliment for... [02 Oct 2002]
WorldCom exec pleads guilty to fraud
News David Myers, the former controller of WorldCom, has become the first employee of the bankrupt firm to plead guilty to fraud in the ongoing investigation into the company's multi-billion dollar accountancy scandal. [27 Sep 2002]
Ballmer: "Linux is a serious competitor"
News It's not like Novell, it isn't going to run out of money - it started off bankrupt, in a way. Although Microsoft cannot compete against Linux on price, the company will use its community of professionals to outsmart the... [25 Sep 2002]
KirchMedia bids whittled down
News Two confirmed consortia have made it through to the final round in the bid process for KirchMedia, the bankrupt arm of Germany's Kirch media empire. The companies are Commerzbank together with Sony unit Columbia Tristar,... [09 Aug 2002]
WorldCom uncovers more dodgy earnings
News The bankrupt company - under Chapter 11 protection since 21 July - also said it will record further write-offs and continues to investigate accounts going back to the late 1990s. WorldCom, already on the telco critical... [09 Aug 2002]
KPNQwest network going, going, gone
News Bankrupt data carrier KPNQwest is on the verge of closing the remainder of its European network today. Not all KPNQwest customers will be seriously affected as the parts of the network which were able to exist... [19 Jul 2002]
Axed WorldCom staff may lose severance pay-outs...
News WorldCom employees recently made redundant by the scandal-struck telco may find themselves out of pocket should it go bankrupt. It has emerged that the company changed its severance payments policy last month, before the... [16 Jul 2002]
Interoute snaps up bones of eBone
News UK internet data carrier Interoute has bought the majority of bankrupt KPNQwest's eBone network. The European network was closed down earlier this month after KPNQwest's trustees failed to find a buyer. [15 Jul 2002]
KPNQwest: the final shutdown?
News KPNQwest's network could be switched off once and for all tonight after parent company KPN's bid for part of the business was rejected by the bankrupt telco's liquidators. KPN formed a foundation with other KPNQwest... [12 Jul 2002]
