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From: ed@mtxinu.UUCP (Ed Gould)
Newsgroups: net.rumor
Subject: Re: Who's next?
Message-ID: <286@mtxinu.UUCP>
Date: Wed, 13-Feb-85 20:34:49 EST
Article-I.D.: mtxinu.286
Posted: Wed Feb 13 20:34:49 1985
Date-Received: Mon, 18-Feb-85 05:31:36 EST
References: <3350@alice.UUCP> <1366@hao.UUCP>
Organization: mt Xinu, Berkeley, CA
Lines: 14

> > 12/84  Exit Storage Tech.
> 
>    As Monty Python put it, "I'm not dead yet". Storage Tech. filed chapter
> 11, for court protection from creditors.

According to reports in the trade press recently, STC seems to be
recovering.  They've layed off a bunch of folks and dropped some
unprofitable ventures, and now seem to have reasonable shot at
profitability soon.  It usually takes about two years to get out from a
Chapter 11 situation, if the company comes out at all, so we'll see.

-- 
Ed Gould		    mt Xinu, 739 Allston Way, Berkeley, CA  94710  USA
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