Path: utzoo!utgpu!jarvis.csri.toronto.edu!mailrus!ames!lll-winken!uunet!ficc!karl
From: karl@ficc.uu.net (karl lehenbauer)
Newsgroups: comp.unix.i386,comp.unix.microport
Subject: Re: Microport has filed for Chapter 11
Message-ID: <3929@ficc.uu.net>
Date: 20 Apr 89 13:28:26 GMT
References: <3904@ficc.uu.net> <831@twwells.uucp>
Organization: Ferranti International Controls
Lines: 14

In article <831@twwells.uucp>, bill@twwells.uucp (T. William Wells) writes:
> I believe that you might be laboring under a misconception. Chapter 11
> is filing for protection from creditors. It means that a company
> doesn't have the money to pay its debts. It does not mean that they
> are going out of business. Quite the contrary, it means that they want
> to stay in business but can't make ends meet. 

OK, my remarks were a bit flip.  Nonetheless, a lot of companies that file
Chapter 11 never make it out from therein.  Further, what of Televideo's
corporate sponsorship?  Presumably Televideo pulled the plug -- at least
it appears Microport has been left to fend for themselves.
-- 
-- uunet!ficc!karl	"Contemptuous lights flashed across the computer's
-- karl@ficc.uu.net	 console."  -- Hitchhiker's Guide