Bankrupt
RSS BankruptWill Colt be declared bankrupt on Friday?
News Three days of hearings have closed, in which a US-based hedge fund, Highberry, has claimed Colt should be declared bankrupt because it will be unable to meet its debts after 2005. A high court judge will decide the... [18 Dec 2002]
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]
Broadcom in for bankrupt Gadzoox
News Chip-maker Broadcom has made a bid to acquire the assets of troubled storage networking maker Gadzoox Networks, a Gadzoox representative said on Thursday. The maker of communications chips has made a bid in bankruptcy court to acquire... [31 Jan 2003]
One-in-three UK ISPs will go bankrupt
News The figures come from a survey by messaging consultancy Outrade.com, which asked 45 UK ISPs a variety of questions about their businesses. In response, the industry said 40 would fail and 17 would be sold within the next year and a half. [10 Apr 2001]
German 3G firm warns 'one of us will go bankrupt'
News One of the six successful bidders for a German 3G licence has warned that at least one of the licence-holders will go bust. Ernst Folgmann, chief executive of Group 3G, told the Financial Times Deutschland that the market could not... [24 Aug 2001]
KPNQwest: Plug to be pulled within days
News Dutch telco KPN says it will stop funding its bankrupt offshoot KPNQwest within days, placing Europe's largest data network on the verge of total shutdown. KPN said it has been paying E500,000 (£321,500) per day to keep... [05 Jun 2002]
Cable & Wireless hooks in PSINet flotsam
News Cable & Wireless is considering buying parts of PSINet as the bankrupt ISP's assets hit the market at bargain prices. Interest in PSINet, which went bankrupt in June, follows Cable & Wireless's... [05 Oct 2001]
US telcos demand FCC cough up for duff 3G licensing deal
News US telco companies are demanding that the government return $3.2bn in down-payments on broadband wireless licenses held by the bankrupt Nextwave Telecom. Last January a federal appeals court refused to allow the Federal... [07 Jan 2002]
Global Crossing caught up in Enron scandal
News Things are going from bad to worse for Global Crossing, with the bankrupt telco now being dragged into the Enron investigation. Global Crossing is already being investigated by the FBI for alleged financial... [13 Mar 2002]
Infonet replaces KPNQwest at parent company
News Infonet has won bankrupt KPNQwest's position as the supplier of IP virtual private network services to customers of the troubled data carrier's parent company KPN. Since going bankrupt nearly two weeks... [12 Jun 2002]
Dodgy dealing all round
Comment Bill Gates Goes Bankrupt! First up is Global Crossing, the bankrupt telco. And if the technology sector is anything to go by, there are a fair few skeletons rattling away in executive closets throughout... [14 Feb 2002]
Global Crossing pays CEO's $8m tax bill
News The bankrupt telecoms company is still struggling to salvage assets following its collapse. Earlier this week, an email gaffe by the company's lawyers leaked the names of 50 companies who have expressed an interest in... [11 Apr 2002]
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]
Working Title buys boo.com film rights
News Working Title, which produced a string of hits such as Bridget Jones's Diary and Four Weddings and a Funeral, has bought the rights to the story of the rise and spectacular fall of internet retailer boo.com.boo.com, set up by youthful... [20 Dec 2001]
boo who? Literary critic, entrepreneur, Hollywood protagonist
Comment I was quite shocked when the company went bankrupt. But to cut a short story even shorter, by May 2000 the company had gone very publicly bankrupt. Lisa Burroughes caught up with former boo CEO and... [23 Oct 2001]
