Iridium's CFO predicts plan to restructure
Article Abstract:
Iridium LLC's chief financial officer, Leo Mondale, stated that bankruptcy protection is not a realistic alternative for the company. According to Mr. Mondale, Iridium will come up with a restructuring strategy that will give the company's shareholders another option other than cash before a 30-day deadline is completed. Mr. Mondale would not mention any details as to a possible restructuring.
Comment:
Chief financial officer Leo Mondale says bankruptcy protection not a realistic alternative for company
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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Iridium seeks protection from creditors
Article Abstract:
Iridium LLC filed for bankruptcy protection under Chapter 11 of the US Bankruptcy Code. The bankruptcy filing is just the latest in a series of troubles afflicting the satellite communications industry.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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Flextech posts loss, falls behind in digital market
Article Abstract:
Flextech PLC posted a loss of 2.9 million pounds (4.4 million euros) for the first-half of 1999. The company posted profits of 1.7 million pounds during the same period in 1998.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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