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Trends Slideshow:
Nine Vendors in Distress

By Ericka Chickowski on 2009-11-30


Whether through bankruptcy, bad business decisions, loss of big contracts or huge declines in shareholder value, these ten companies lost their luster this year.

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1. Nortel

Floundering since a disastrous accounting scandal in 2004, the once-strong networking company finally filed for bankruptcy in January.

2. BearingPoint

The company formerly known ass KPMG Consulting filed for bankruptcy and sold for parts.

3. eBay/Skype

Technology rights were disputed as the online phone service was put up for sale, but eBay's bumbling was not in doubt.

4. Spansion

A hyped joint venture between Fujitsu and AMD and one of the world's largest flash memory makers, Spansion filed for bankruptcy in February.

5. Digital River

Shares in the e-commerce service provider plummeted in October when Symantec, the customer behind a quarter of its revenue, announced it would cut ties.

6. Qimonda

Depressed DRAM sent the U.S. subsidiary of this memory chip manufacturer declared bankruptcy early in 2009.

7. Quantum

EMC snapped up Data Domain for $2.4B and ditched its long-standing OEM deal with data-deduper Quantum.

8. Psystar

Constant pressure from Apple lawyers helped drive the Mac cloner into bankruptcy in May.

9. ConSentry Networks

Network access control proved a tough business, and ConSentry went belly-up in August.

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