Darcee Nelan, CEO, IQ Wired

“I do think that declaring bankruptcy twice in six years will create quite a bit of fear, uncertainty and doubt in their ability to remain solvent over the long term and likely will result in more customers ultimately looking elsewhere for suppliers/providers that are more financially stable. Obviously for new customers contemplating a change in technology, it would be risky to invest significantly in a company whose shares have fallen by 97% this year and who’s market cap has shrunk from $2 billion to $45 million in one year. To make matters worse, they are restructuring debt that will cost them nearly four times as much in the future.”

Nelan added: “Other factors will be challenging for them as well. This includes resource challenges due to layoffs which will affect its abilities to service its clients, further eroding confidence in their downstream dealers. It’s hard to imagine that such a stalwart leader in the industry is teetering on the edge of extinction. It just goes to show how much the market has been changing over the years.”