On Wed, 2008-12-10 at 11:55 -0500, Steve Totaro wrote: > MANY companies file for bankruptcy and come out just fine. XO, and > Cavalier are two in the industry that come to mind. >
I would argue that more product based companies file bankruptcy and continue on as if nothing happened than service based companies. XO is service based, while nortel is more product based (yeah they have service for their products but they dont afaik provide much outside of that, their service stuff is a sales technique more than not). Given that its even more likely they will not just vanish, at least not soon. Only if they cant restructure their debt (what bankruptcy is in most cases) and have to liquidate will they be gone for good. The odds are likely that their creditors will accept restructuring, and thus the courts grant it, rather than settle for potentially a much smaller amount in liquidation. -- Trixter http://www.0xdecafbad.com Bret McDanel pgp key: http://pgp.mit.edu:11371/pks/lookup?op=get&search=0x8AE5C721
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