Shake-out

Keekaboo.com Who wanted to send greeting cards could do this at Keekaboo.com. Until the beginning of February, because then the company was declared bankrupt. In 2000 there was still an investment of two million guilders, including Residex. Founder Patrick van Zandvoort from Keekaboo hopes to make a new start with the company

Keekaboo.com

Who wanted to send greeting cards could do this at Keekaboo.com. Until the beginning of February, because then the company was declared bankrupt. In 2000 there was still an investment of two million guilders, including Residex. Founder Patrick van Zandvoort from Keekaboo hopes to make a new start with the company.

NextBank

It was the first time that the American government closed a pure internet bank. NextBank had a cash shortage that could no longer be covered. The bank focused in particular on issuing credit cards. The Federal Deposit Insurance Corporation (FDIC) assumed the role of curator. It had to do with the removal of online branches from offline banks, but the closure of a pure internet bank was a first for the institution.

Smart Business

MDE, publisher of the magazine Smart Business and organizer of the Smart Business Event (including Internet in Business), was declared bankrupt in early February. Previously, the workforce was already reduced from 31 to thirteen employees. The curator reported that work is being done on a restart. A declined advertising market and restraint at exhibition exhibitors were fatal for the magazine and the stock market respectively.

SimuWorld

Supplier of software for simulations SimuWorld went under. The company had been in surséance since the beginning of January, this was seized by CEO Renate Litjens to reorganize the company, but the attempt failed. Seven employees were dismissed. SimuWorld has been set up with support from Twinning. Ceo Litjens thinks he can make a new start.

FactoryZOO.com

Incubator FactoryZOO.com, associated with Twinning, was unable to attract new financing and was declared bankrupt in early January. Co-founder and shareholder Cor Boonstra junior says he has lost an investment of 400 thousand guilders.

Global Crossing

The American data carrier Global Crossing has outstanding financial commitments of $ 22.4 billion. That was no longer too strong, a surséance followed in early February. High investments in networks ensured high debt. In exchange for 750 million dollars, KPN partner Hutchison Whampoa from Hong Kong and Singapore Technologies Telemedia now have a majority stake in the company.