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This page contains all of the posts and discussion on MemeStreams referencing the following web page: Redback files for bankruptcy | CNET You can find discussions on MemeStreams as you surf the web, even if you aren't a MemeStreams member, using the Threads Bookmarklet.

Redback files for bankruptcy | CNET
by w1ld at 10:47 pm EST, Nov 3, 2003

Network gear maker Redback Networks filed on Monday a Chapter 11 bankruptcy plan that would erase $467 million in debt.

The plan calls for the company to use a reverse stock split of 73-for-1 to make major creditors Creedon Capital Management, Citadel Investment Group and Ramius Capital Group into owners of a collective 47 million Redback shares.

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