Bankruptcy

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

How Nortel optical networking sale will change the industry
Nov. 12, 2009
An analysis of what could happen if Ciena succeeds in its bid to purchase Nortel's Metro Ethernet Networks unit.

SCO fires CEO McBride as it tries to emerge from bankruptcy
Oct. 19, 2009
Unix software vendor SCO, struggling through bankruptcy and a Unix copyright trial involving Novell, has fired President and CEO Darl McBride.

Most disturbing tech stories of the week: shooting an iPhone, squeezing Nortel dry - ...
Oct. 10, 2009
Disturbing tech stories this week include a man allegedly threatening to shoot his iPhone at an Apple Store and a former Nortel exec seeking to squeeze millions from the bankrupt company.

Ex-Nortel CEO seeks $12M from bankrupt company
Oct. 08, 2009
Former Nortel CEO Mike Zafirovski is seeking more that $12 million from the bankrupt company, according to a filing in the US Bankruptcy Court for the District of Delaware.

Nortel could offload Metro Ethernet unit to Ciena
Oct. 05, 2009
Ciena is in advanced discussions to acquire Nortel's Metro Ethernet Networks (MEN) business unit, both companies confirmed Monday.

Verizon protests Avaya's potential Nortel enterprise business buy
Sep. 10, 2009
Verizon is opposed to the sale of Nortel's enterprise business to Avaya because the carrier fears its support contracts will end and cut off key customers.

ConSentry Networks goes out of business
Aug. 20, 2009
NAC pioneer ConSentry Networks is going out of business effective today, according to the company's founder.

Nortel CEO Zafirovski steps down
Aug. 10, 2009
Nortel CEO Mike Zafirovski stepped down today, having failed to revitalize the bankrupt telecommunications giant after a mid-decade accounting scandal and the current economic downturn.

Avaya's $475M Nortel enterprise buy; Qwest rolls out 40Mbps VDSL2 service
Jul. 21, 2009
Avaya's $475M Nortel enterprise buy; Qwest rolls out 40Mbps VDSL2 service

Ex-Nortel exec leads rescue bidder's advisory team
Jul. 15, 2009
A private equity firm bidding for all of Nortel is reportedly assembling a management team for the company led by a former Nortel executive.

Bay Networks back from Nortel's ashes? Feds release $4B for broadband
Jul. 02, 2009
Bay Networks back from Nortel's ashes? Feds release $4B for broadband

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

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 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.

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 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