Litigation Threats May Complicate Sale Of Infotech Units

THIS WEEK'S LEAD STORIES

Alan Hirschfield and Allan Tessler, the Two Allans and co- chief executives of stumbling Infotechnology Inc., last week announced they would recommend offering for sale the principal operations of the company. The company retained the investment banking firm of Wertheim Schroder & Co. to evaluate potential offers.

Infotech is the parent company of a melange of prestigious and struggling business news, health care and financial data companies including United Press International Inc. and the

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Waters Wrap: The tough climb for startups

Anthony speaks with two seasoned technologists to better understand why startups have such a tough time getting banks and asset managers to sign on the dotted line.

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