Return
  Home | IT | 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
  Location:Home >> IT >> 2002 >> Tricord is waste of space – shareholder suit
Search:  

Tricord is waste of space – shareholder suit

Provide:Article Center  Author:Drew Cullen   Origin:   Sort:2002  Articleid:25088

Tricord Systems, the niche supplier of cluster server appliances, has been slapped with a very embarrassing lawsuit, which among other things, reckons the company is a waste of space.



Preferred investor Rose Glen International LLC accuses the US company of breaching "certain representations made to Rose Glen when it invested in the company in February 2001 and that the continuation of business by the company constitutes a waste of its assets. Rose Glen is seeking damages of million plus interest and the appointment of a receiver to wind up the affairs of the company", Tricord says in a statement.






Tricord, its directors, and Joan Wrabetz, a former CEO and director of the company.



Tricord says the suit is without merit and that it will defend itself vigorously, while continuing to build its business. ®




Find and enjoy the pictures on your computer in seconds.

A free software download from Google.

Picasa is software that helps you instantly find, edit and share all the pictures on your PC. Every time you open Picasa, it automatically locates all your pictures (even ones you forgot you had) and sorts them into visual albums organized by date with folder names you will recognize. Picasa also makes advanced editing simple by putting one-click fixes and powerful effects at your fingertips.

About | Service | Support | Contact | Sitemap 
Copyright © 2005-2007 article.websitecn.com, All rights reserved.