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360networks may have filed for protection in time to save itself, says U.S. analyst

News | July 17, 2001

The hasty and unexpected move by 360networks Inc to file for voluntary bankruptcy is being viewed as a positive sign by at least one U.S. analyst who hasn’t given up hope that the Vancouver company can pull out of its current free fall. After failing to raise additional capital, the fibre giant filed for protection in Canada and the United States in late June (NL, July 3/01), earlier than analysts had anticipated.

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