Bankruptcy

Your source for the latest bankruptcy news from networking vendors and providers.

Nortel had little choice but to liquidate, analysts say
Jun. 22, 2009
In light of the overall economy and Nortel's particular situation, the former telecom giant had little choice but to liquidate its assets as it attempts to restructure under Chapter 11, analysts say.

IT borrowing, leasing grows; Nortel customers upbeat, yet anxious
Jun. 11, 2009
IT borrowing, leasing grows; Nortel customers upbeat, yet anxious

Former execs offer to buy Nortel: report
Jun. 10, 2009
Former Nortel executives want to buy the beleaguered company, but need a $1 billion loan from the Canadian government, according to reports from Canada. Former execs offer to buy Nortel: report But need $1B from the ...

Nortel customers upbeat but anxious
Jun. 10, 2009
Nortel customers remain optimistic despite the company's precarious situation, officials of Nortel's largest enterprise user group said this week.

Google links Outlook with Gmail; GM taps former AT&T CEO as new chairman
Jun. 10, 2009
Google links Outlook with Gmail; GM taps former AT&T CEO as new chairman

Nortel looking to sell stake in joint venture
May. 27, 2009
Nortel this week confirmed that it is looking for a buyer for its majority stake in a joint venture with LG Electronics.

Spansion gets delisted from the Nasdaq
May. 06, 2009
Wednesday will be the last day that shares in bankrupt flash memory maker Spansion trade on the Nasdaq stock exchange. The move to delist its shares will not have any significant impact on the company's business, ...

Software vendor Cassatt in rough shape, bankruptcy possible, report says
Apr. 27, 2009
Software maker Cassatt, founded in 2003 to manage virtual resources in the data center, is on the verge of a bankruptcy or sale, according to a report on Forbes.com.

Top 10 technology skills; Charter's bankruptcy no worry for top execs
Mar. 30, 2009
Top 10 technology skills; Charter's bankruptcy no worry for top execs

Nortel to cancel room reservations at Las Vegas CTIA Wireless show
Mar. 11, 2009
Nortel is asking bankruptcy court to help it back out of rooms it booked for a trade show in Las Vegas just weeks before filing for bankruptcy that including a suite with double Jacuzzi and flat screen TVs in the ...

Nortel curtailing Carrier Ethernet switch/router investment
Mar. 02, 2009
Nortel this week said is winding down its investment in Carrier Ethernet switch/routers (CESR) in favor of packet optical transport platforms.

Nortel cuts more jobs; IDC: Server revenue plummets
Feb. 26, 2009
Nortel cuts more jobs; IDC: Server revenue plummets

Nortel announces more layoffs
Feb. 25, 2009
Nortel Networks will further cut its workforce by 3,200 and eliminate bonuses as part of its ongoing bankruptcy reorganization.

Symantec preps virtualization releases; Nortel execs promise more reorg details - Network ...
Feb. 18, 2009
Symantec preps virtualization releases; Nortel execs promise more reorg details

Microsoft fixes Exchange flaw; Nortel ditches shareholders meeting
Feb. 11, 2009
Microsoft fixes Exchange flaw; Nortel ditches shareholders meeting

Spansion Japan files for bankruptcy protection
Feb. 10, 2009
Flash memory maker Spansion Japan filed for protection from creditors to give it time to restructure its operations, parent company Spansion said Monday.

Nortel to shed shareholders meeting, more employees
Feb. 10, 2009
Nortel recently revealed plans to cancel its annual shareholders meeting, requested an extension to its bankruptcy protection, and indicated that more layoffs are on the way, in addition to other cost-cutting measures.

Nortel still signing up customers
Feb. 04, 2009
Nortel has signed up “hundreds” of new customers since filing for Chapter 11 bankruptcy protection three weeks ago, and is reconsidering its decision to sell its Metro Ethernet Networks business.

DRAM prices spike after Qimonda bankruptcy
Feb. 02, 2009
DRAM chip prices spiked last week over supply concerns after chip maker Qimonda filed for bankruptcy protection in Germany, and prices will likely continue to climb, Gartner said Monday.

Laid-off Nortel workers lobby for severance
Jan. 28, 2009
Nortel froze severance packages for laid-off employees when it filed for bankruptcy protection two weeks ago. Those workers are now pleading with the company to restore their packages.

We've got surveys up the wazoo (plus Yahoo!)
Jan. 16, 2009
We've got surveys up the wazoo (plus Yahoo!)

Can Nortel come back from the brink?
Jan. 15, 2009
Can Nortel come back from the brink?

Nortel's bankruptcy: A long time coming
Jan. 15, 2009
Nortel's demise -- punctuated by this week's bankruptcy protection filings - started long before the accounting scandal of 2004 and the multimillion dollar quarterly losses that the company has piled up since.

Nortel bankruptcy was a long time coming
Jan. 15, 2009
It's a sad day for the networking industry. Nortel this week filed for Chapter 11 bankruptcy protection, ending months of speculation about the future of the company.

Microsoft/Nortel relationship again under microscope
Jan. 15, 2009
Nortel's bankruptcy filing could force it into restructuring that could influence many of its noted partnerships such as a unified communications deal with Microsoft.