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Now with a patent sale, new financing and asset offloads under its belt, Kodak's homing in on when it might emerge from Chapter 11 bankruptcy. In January, the imaging giant predicted it might finally exit its financial default by mid-2013, and now it's filed paperwork with a New York court indicat

1 year ago 0 Comments
May 1, 2013 at 1:12AM
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As expected, May 14th is indeed a dark day for LightSquared. The company has just filed paperwork in order to initiate Chapter 11 bankruptcy proceedings in Manhattan's US Bankruptcy Court, effectively killing its dream of providing a high-speed mobile wireless network to upwards of 260 million peo

2 years ago 0 Comments
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Carl Icahn is no stranger in this field -- he's been caught tussling with Motorola and bidding Yahoo's board adieu in recent years -- and most recently, he's managed to get caught up in one of the bigger wireless whirlwinds this planet has ever seen. Just months after Icahn swooped in to buy some

2 years ago 0 Comments
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Sprint is looking to sell $2 billion in notes to raise cash, a large chunk of that likely earmarked for network upgrades. The money will come in handy too, as making the leap from WiMAX to LTE won't be cheap. Then, there's its partner Clearwire. After Sprint's board shot down a quest to snatch up M

2 years ago 0 Comments
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Local news outlets are reporting that Nokia is in trouble with the Romanian government over unpaid debts amounting to $10 million. The outstanding sum supposedly relates to customs bills racked up by trucks removing Nokia's equipment from its abandoned Cluj factory. A Nokia spokesperson just conf

3 years ago 0 Comments
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Who can forget the Plastic Logic Que proReader -- a textbook study on the vaporous gadget. Start with an incredible (but truthful) claim to have developed plastic semiconductors that could be used to fabricate flexible e-reader displays. Then follow up the breakthrough with the all-important consum

3 years ago 0 Comments
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Things stateside haven't gone the way of Blockbuster Portugal (yet) but while the Blockbuster was able to make arrangements with creditors and avoid bankruptcy this week, it will be forced to delist from the New York Stock Exchange after a proposed reverse stock split fell through. Even the extensi

4 years ago 0 Comments
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Korea's Pantech has always played second fiddle (well, third fiddle, we suppose) to global giants Samsung and LG, but somehow, the little guy has managed to be cash flow positive for the past eight quarters of financial results since undertaking a corporate restructuring. To further strengthen its p

5 years ago 0 Comments
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We've known for years that Charter Communications isn't what you'd call a \"stellar\" cable operator, but we had no idea things were looking this dire for the outfit. According to a new report surfacing at Reuters, the St. Louis-based MSO is currently holding a net debt of around $21 billion, and it h

5 years ago 0 Comments
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If there's one thing Sprint doesn't need at the moment, we'd say that \"a harder time getting cash\" ranks high on the list. That's where big ol' number three finds itself at the moment, though, thanks to a credit downgrade by Standard & Poor's from \"BBB-\" to \"BB,\" a move that puts its bonds squa

6 years ago 0 Comments
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With all these batteries exploding vehicles running around, we aren't too surprised that researchers at the University of Arizona are getting fired up about stopping global warming, but dropping $2.5 trillion on such a project might just cool the whole idea down a bit. Nevertheless, astronomer Roge

8 years ago 0 Comments
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There was quite a bit of rejoicing at the FCC's decision in 2003 to limit telemarketers and debt collectors in their auto-dialing methods of contacting mobile users. Now there's a chance that decision could be reversed, at least for debt collectors who are currently petitioning the FCC through their

8 years ago 0 Comments