Bridge Files for Chap. 11, Bidders Carve It Up
2001 YEAR IN REVIEW
ST. LOUIS, MO.--The industry was transfixed this year by the plight of Bridge Information Systems. Facing serious systemic problems involving operations, finance support systems and controls, Bridge was finally put out of its misery when it filed for bankruptcy and was split into pieces.
Bridge started out the year on a fairly even keel, trumpeting its message capacity on a day of particularly heavy trading volume (IMD, Jan. 8). According to Jeff Wells, senior vice president of product
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