Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: pater tenebrarum who wrote (52466)	12/29/2000 11:41:56 PM
From: Ken98	Read Replies (1) of 436258

<<Pacific Gateway files for Chapter 11 bankruptcy protection BURLINGAME, Calif., Dec 29 (Reuters) - International telecommunications carrier Pacific Gateway Exchange Inc. (NasdaqNM:PGEX - news) said Friday it has filed for Chapter 11 bankruptcy protection. The company said it is in discussions with Bank of America and Bankers Trust Company, its current lenders, on financing arrangements and hopes to finalize a deal within the next few days, subject to court approval. Last week it announced the it had accepted the resignations of its president and chief executive officer, Howard Neckowitz, and chief operating officer Gail Granton.>> Another bloated telco carcass in the hot desert sun for the buzzards to pick over. BTW, note the name BofA popping up again. Syndication hell is upon us. Happy New Year, Ken.

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