Bankruptcy
In early June 2010, iRex Technologies of the Netherlands filed for Bankruptcy protection. According to CEO Hans Brons (2010), the decline in sales were a direct result of a delayed response from the U.S. Federal Communications Commission (FCC) to approve the device.
Read more about this topic: Iliad
Famous quotes containing the word bankruptcy:
“A womans whole life is a history of the affections. The heart is her world: it is there her ambition strives for empire; it is there her avarice seeks for hidden treasures. She sends forth her sympathies on adventure; she embarks her whole soul on the traffic of affection; and if shipwrecked, her case is hopelessfor it is a bankruptcy of the heart.”
—Washington Irving (17831859)
“You must get your living by loving. But as it is said of the merchants that ninety-seven in a hundred fail, so the life of men generally, tried by this standard, is a failure, and bankruptcy may be surely prophesied.”
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“Disappointment is a sort of bankruptcythe bankruptcy of a soul that expends too much in hope and expectation.”
—Eric Hoffer (19021983)