We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Busted (yet) flush

14 January 2009 By Robert Cyran

The Canadian tech group has gone bust despite holding $2.4bn of cash on its balance sheet. Filing now, while burning cash, nonetheless allows it to avoid expensive debtorinpossession financing. Other troubled but cashrich firms, such as GM, should take note.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)