Liberate Announces Reorganization Under Chapter 11 of the U.S. Bankruptcy Code to Resolve Certain Liabilities

Name	Symbol	Market	Type
ETFS 2x Daily Long Brent Crude	BIT:LBRT	Italy	Exchange Traded Fund

	Price Change	% Change	Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Traded	Last Trade
	1.14	2.36%	49.53	45.00	53.00	49.70	48.05	48.50	23,136	16:40:00

ETFS 2x Daily Long Brent... (BIT:LBRT)
Historical Stock Chart

From Nov 2019 to Nov 2024

Click Here for more ETFS 2x Daily Long Brent... Charts.

Liberate Announces Reorganization Under Chapter 11 of the U.S. Bankruptcy Code to Resolve Certain Liabilities Liberate Intends to File Plan Providing for Payment of Valid Claims in Full and No Change to Stockholder Interests SAN MATEO, Calif., April 30 /PRNewswire-FirstCall/ -- Liberate Technologies (Pink Sheets: LBRT), a leading provider of software for digital cable systems, announced today it had filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code to resolve certain outstanding liabilities, reduce costs and strengthen its financial position. Liberate intends to promptly file a Plan of Reorganization in the U.S. Bankruptcy Court in Delaware providing for the payment of 100% of valid creditor claims. Stockholder interests will not be impacted by the Plan. Liberate hopes to emerge from bankruptcy within a period of 4-6 months. During the bankruptcy process, Liberate expects to operate its business in the normal course, including continued compliance with active customer and vendor contracts, and service and support of its cable customers and their subscribers. As of February 29, 2004, Liberate had cash and short-term investments of $222.3 million and $10.9 million in restricted cash held as security for office leases. "We believe this filing is in the best interests of our stockholders, employees and customers," said David Lockwood, Chairman and CEO of Liberate. "During the reorganization process, we will continue to execute on our business plan, investing in the development of our technology platform and delivering our products and services to existing customers. In addition, we will continue to aggressively market our software to new customers in order to grow revenues." About Liberate Technologies Liberate Technologies is a leading provider of software for digital cable systems. Based on industry standards, Liberate's software enables cable operators to run multiple services -- including High-Definition Television, Video on Demand, and Personal Video Recorders -- on multiple platforms. Headquartered in San Mateo, California, Liberate has offices in Ontario, Canada and the United Kingdom. NOTE: Liberate and the Liberate design are registered trademarks of Liberate Technologies. Other product names used in association with these registered trademarks are trademarks of Liberate Technologies. "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995 Those statements above that involve expectations or intentions (such as those relating to the filing under Chapter 11 of the U.S. Bankruptcy Code, the time that a Chapter 11 case would take to complete, the result of a Chapter 11 case, any savings or other effects arising from such a filing, future business or financial performance, or anticipated corporate or commercial activities) are forward-looking statements and are not guarantees of future performance. Actual results may vary materially due to the uncertain market for interactive television services, dependence on a limited number of cable network operators, business disruption resulting from Liberate's restatement and related litigation, necessary adjustments related to recent restructuring, other uncertainties related to litigation and the Chapter 11 filing, and other risks outlined in Liberate's filings with the Securities and Exchange Commission. Contact: Greg Wood Chief Financial Officer Liberate Technologies 650-645-4003 Mark Scadina VP & General Counsel Liberate Technologies 650-645-4005 DATASOURCE: Liberate Technologies CONTACT: Greg Wood, Chief Financial Officer, +1-650-645-4003, or , or Mark Scadina, VP & General Counsel, +1-650-645-4005, or , both of Liberate Technologies Web site: http://www.liberate.com/

	Real-time Prices	Level 2
London Stock Exchange
Chi-X Europe
BATS Europe
Aquis Exchange
New York Stock Exchange
NASDAQ
American Stock Exchange
Dow Jones Indices
Precious Metal

London Stock Exchange
Advanced charts
Premium community
Data download

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

LBRT ETFS 2x Daily Long Brent Crude