Another optical network builder has gone bankrupt. Following in the heels of 360 Networks, Global Crossing has declared bankruptcy as the market for bandwidth collapsed with the dot coms. One Canadian bank, the Canadian Imperial Bank of Commerce, made huge amounts of money selling its shares of Global Crossing. They also promoted the company via its brokerage, CIBC/ Oppenheimer.
Wonder how many shares CIBC had left at the end?
9:50:07 PM
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