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| Peter Radizeski of RAD-INFO, Inc. talking telecom, Cloud, VoIP, CLEC, and The Channel.

bankruptcy tag

Drill down on bankruptcy search:

9 result(s) displayed for bankruptcy (1 - 9 of 9):

Go Deep, Not Wide

Let's travel back in time to 1999, the time of the DLEC IPO. Covad, Rhythms and Northpoint all scored BIG IPO's. All went national. All failed. Why? Some of it was ILEC hurdles; some was poor management; but mostly too...

Who Got CommPartners?

So CommPartners was split up into 2 pieces in bankruptcy: Carrier Services and Hosted PBX. The Carrier Services division was acquired by Point1, a Unipoint Holdings company.  Momentum scooped up the Hosted VoIP business for about $2M. I don't have...

Global Capacity Bankruptcy Notes

Bloomberg has the story on the bankruptcy of Global Capacity. Global Capacity Files in Delaware for Debt Conversion Capital Growth Systems Inc., known as Global Capacity, filed a Chapter 11 petition on July 23 in Delaware to convert debt into...

Nortel Being Sold Off

For those of you who missed it, Nortel is being sold off in pieces."Ericsson announced its interest in Nortel's wireless assets late, but it came home the winner, paying $1.13 billion for Nortel's LTE and legacy CDMA business." [Doug]The Enterprise unit...

When Will Level3 Pull the Trigger?

Speaking with some industry channel folks today, we got to discussing Level3. Rob Powell says it best, "The Economy Takes a Big Bite Out of Level 3". This is a company with $6B in debt compared to $4B in revenue...

Level3 Stock in Trouble

Rocky Mountain News reports that Level3 "remains unprofitable, mired in more than $6 billion in debt, and shares have fallen to less than 70 cents. Ordinarily, Level 3 stock would be delisted, but Nasdaq has suspended the $1 minimum requirement...

The Nortel Tale

Nortel is in the news as it weighs bankruptcy. Rich Tehrani has an historic view of Nortel here, as he makes an excellent point:Sadly, we are learning now (as we do in every downturn) that branding, marketing and "perception augmentation"...

What a Crazy Wall St. Monday

As we start Monday, we learn that Lehman Bros. filed for BK, AIG needs to re-structure (and needs another $40B! after raising $20B) and Merrill Lynch gets bought by BoA for $50B. This follows on the heels of last week's...

And the BK Starts

Profits tumbling. Stock market in disarray. Real estate is ugly. And now Mervyns files for Chapter 11. Also, today, Bennigan's (and its sister Steak N Ale) filed for Chapter 7 bankruptcy (which means liquidation); all company-owned restaurants closed. Even Starbucks...
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