Digital Broadband Communications Files for Chapter 11 Protection.Business/Technology Editors WALTHAM, Mass.--(BUSINESS WIRE)--Dec. 27, 2000 Digital Broadband Communications, Inc., a broadband communications provider, announced today that it has filed a voluntary petition 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:
Earlier in the month, Digital Broadband announced that it was cutting back its business operations and laying off a substantial portion of its workforce. Due to a dramatic downturn in the financial markets, Digital Broadband was unable to attract sufficient additional financing to maintain its growth. After the reduction in force, Digital Broadband continued to pursue strategic alternatives, but to date none has materialized. Therefore, Digital Broadband finds it necessary to seek bankruptcy protection and wind down its business operations in an orderly manner. For further information, contact Mary Jane Mortell at KHJ KHJ Katholische Hochschuljugend (German: Catholic University Youth) Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most : 617-241-8000 x114. |
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