MOUNTING DEBTS MAY FORCE MARCONI TO SEEK BAILOUT

摘要

Marconi, the company that once had a $49 billion market cap two years ago, has now sunken to just above $306 million and is in such dire straits that it may need the British government to bail it out. With its stock hovering at a mere 22c and a new CEO, Mike Parton, at the helm, some industry watchers speculated that the company would not make its interest payments, due on March 30.