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Star Telecommunications Inc

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BUSINESS
March 14, 2001 | From Reuters
Star Telecommunications Inc. filed for Chapter 11 bankruptcy protection Tuesday and said that four top executives resigned, days after Nasdaq halted trading in the Santa Barbara company's stock. In papers filed in U.S. Bankruptcy Court in Delaware, the provider of telecommunications services listed assets of $630.1 million and debts of $284.6 million. According to court papers, three subsidiaries of Star filed for bankruptcy Friday in the Eastern District of New York.
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BUSINESS
March 14, 2001 | From Reuters
Star Telecommunications Inc. filed for Chapter 11 bankruptcy protection Tuesday and said that four top executives resigned, days after Nasdaq halted trading in the Santa Barbara company's stock. In papers filed in U.S. Bankruptcy Court in Delaware, the provider of telecommunications services listed assets of $630.1 million and debts of $284.6 million. According to court papers, three subsidiaries of Star filed for bankruptcy Friday in the Eastern District of New York.
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BUSINESS
May 4, 1999
Micro General Corp. said Monday that it has retained telecommunications industry veteran John R. Snedegar as president and chief executive officer. Snedegar has been a member of the Santa Ana telecommunications products company's board of directors since last year. He was president of United Digital Network Inc. from 1992 until its recent merger with Star Telecommunications Inc., a worldwide voice and data transmission services provider. Before joining United Digital Network Inc.
BUSINESS
June 10, 1998 | Bloomberg News
Star Telecommunications Inc., a Santa Barbara-based long-distance telephone company, agreed to buy PT-1 Communications Inc., a prepaid-calling-card company, for about $591 million in stock. Star will issue 21 million shares to shareholders of closely held PT-1. Star shares last traded at $28.13 before trading was halted on Nasdaq. New York-based PT-1 has been a wholesale customer of Star for three years. The transaction is expected to close in Star's fiscal fourth quarter.
BUSINESS
October 7, 2000 | PETER S. GOODMAN, WASHINGTON POST
Amid the continuing plunge of once highflying telecommunications stocks, an emblematic victim has been added to the roster of pain: Bernard J. Ebbers, chief executive of WorldCom Inc., the long-distance telephone and Internet giant, last week filed to sell 9% of his company holdings to keep pace with his deepening personal debt. In a Sept. 28 filing with the Securities and Exchange Commission, Ebbers declared his intent to sell 3 million shares, or about $79 million worth of company stock.
BUSINESS
June 17, 1997 | DEBORA VRANA
Fears of a bear market may have kept the lid on first-time stock offerings early this year, but suddenly that's changed. Investors have shown a renewed appetite for initial public offerings, or IPOs, in recent weeks, as the market indexes hit new records and fears of interest rate hikes begin to vanish, at least for the near term. So companies are again eager to offer new shares. Last week was the hottest for IPOs this year. On Tuesday, the year's biggest IPO, a $997.
BUSINESS
May 5, 1998 | Bob Bedolla, Bob Bedolla is a freelance writer in San Francisco
Beginning here are brief descriptions of companies appearing at or near the tops of the tables in this section. They were written by Bob Bedolla, a freelance writer in San Francisco, and are based on research from Hoover's Handbook and Bloomberg News. More information about these companies and descriptions of other California companies are available from the sources listed on Page 4. Aames Financial Corp.
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