Nortel Networks, once a high-flying telecommunications equipment maker, filed for Chapter 11 bankruptcy protection overnight.
Commander Telecom Group (CTG), the shadowy group of investors which has teamed up to buy beleaguered company Commander's telco arm, has written to employees explaining its intentions for its recent acquisition.
The remnants of Australian PC maker Optima ICM have been auctioned at trading website Grays Online, but some equipment has been reserved to repay customers that are owed outstanding warranties from the failed company.
Optima's administrator yesterday said it was having trouble finding buyers for the failed PC maker due to fears about liability for warranties on sold PCs.
EDS Australia's heavily unionised workforce has not yet started airing any issues associated with the Texan outsourcing giant's US$13.9 billion acquisition by Hewlett-Packard, according to a key union representative.
One.Tel backers James Packer and Lachlan Murdoch are unlikely to be tracking the latest career move by insolvency expert Paul Weston, but they know who he is and must dread what he is about to do. Thought the One.Tel legal action was over? Think again.
Identity theft is on the increase, to the tune of 10 million victims in the U.S. and $50 billion in costs. Share this list of preventive measures with your end users, friends, and family members to help protect them from this escalating crime.
As ASIC commences civil proceedings against former One.Tel managing directors Jodee Rich, Bradley Keeling and Mark Silbermann, public pressure to make directors and executives personally pick up the tab for company failures may be rising, according to a survey.
Palm announced on Thursday that it is acquiring the technology assets and intellectual property of software maker Be for US$11 million in stock, in a move aimed at strengthening its operating system to compete against Microsoft.
Telstra shareholders fear break up
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The long-awaited separation of Telstra
Google open-sources JavaScript tools
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