Cambex Files for Voluntary Reorganization.WALTHAM, Mass.--(BUSINESS WIRE)--Oct. 10, 1997--Cambex Corp. announced today that it has filed a voluntary petition for reorganization under Chapter 11 of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Bankruptcy Code Bankruptcy Code may refer to:
Boston is the capital and most populous city of Massachusetts.[3] The largest city in New England, Boston is considered the unofficial economic and cultural center of the entire New . By filing this petition, Cambex will be given the opportunity to reorganize and restructure its indebtedness under Court protection. "We took this course of action to allow us to implement our strategies while supporting our customer base," Joseph F. Kruy, Cambex president and chief executive officer, commented. Cambex Corp. is a leading supplier of direct access storage products used with IBM mainframe and client/server computers. The company's products include memory and RAID disk arrays employed by users in their highest performance IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Sun, HP and Windows NT computing environments. CONTACT: Cambex Corp. Joseph F. Kruy 617/890-6000 ext. 210 |
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