Tagged: bankruptcy

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October 9, 1998: Hayes Microcomputer Filed Chapter 11

1998 – We all remember the modem, right? Dial into the internet through an ISP? Some of you may still have that technology, but if you have dealt with modems for a while, you remember Hayes. The Hayes corporation was pretty big back in the day – giving your Apple II connectivity to the world. Well, that is until 1998 when it’s course ran out. Stocks went from $12 a share, down to almost nothing. Hayes had no choice but to file for bankruptcy. Zoom Technologies (now called (Zoom Telephonics) bought the company out in 1999. This Day in Tech...

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October 2, 1997: Worldcom outbid BT – Wins MCI Communications

1997– MCI was under a bid to be purchased by British Telecommunications. Worldcom came in and outbid BT to snag up the company. What made this the coup de grace is it would make Worldcom the #2 telecom provider, under AT&T. The $37 Billion dollar merger would finalize on November 10th. Then, September 1998 – MCI Worldcom would officially launch. This all crumbled in 2002 when Worldcom filed for bankruptcy.  I was an employee of Worldcom and had been since its original namesake LDDS. At the time we were awestruck. –Bill Bartholomew This Day in Tech History podcast show notes...

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