Trends Slideshow: Nine Vendors in DistressBy Ericka Chickowski | Posted 11-30-2009
Nine Vendors in Distress
1. NortelFloundering since a disastrous accounting scandal in 2004, the once-strong networking company finally filed for bankruptcy in January.
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2. BearingPointThe company formerly known ass KPMG Consulting filed for bankruptcy and sold for parts.
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3. eBay/SkypeTechnology rights were disputed as the online phone service was put up for sale, but eBay's bumbling was not in doubt.
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4. SpansionA hyped joint venture between Fujitsu and AMD and one of the world's largest flash memory makers, Spansion filed for bankruptcy in February.
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5. Digital RiverShares in the e-commerce service provider plummeted in October when Symantec, the customer behind a quarter of its revenue, announced it would cut ties.
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6. QimondaDepressed DRAM sent the U.S. subsidiary of this memory chip manufacturer declared bankruptcy early in 2009.
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7. QuantumEMC snapped up Data Domain for $2.4B and ditched its long-standing OEM deal with data-deduper Quantum.
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8. PsystarConstant pressure from Apple lawyers helped drive the Mac cloner into bankruptcy in May.
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9. ConSentry NetworksNetwork access control proved a tough business, and ConSentry went belly-up in August.