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Not good news for FVC


By Jason Meserve, NetworkWorld.com, 01/19/05

It's not looking good for First Virtual Communications, maker of Click to Meet. The company has furloughed all of its employees indefinitely and will most likely seek bankruptcy protection as it figures out what to do next. The company never turned a profit and its cash reserves has run out. 90 to 100 employees are affected and stockholders can pretty much use their certificates as fuel to keep warm this winter.

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