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The £2.8bn (US$4.5bn) ($8.4 billion today) price tag for FORE [4] and the £1.3n spent on Reltec a month earlier took a heavy toll on Marconi following the burst of the bubble in 2000/2001. In July 2001 Marconi plc suffered a 54% drop in its share price following suspension of trading of its shares, a profits warning and redundancies.
The £2.8bn price for FORE Systems and the £1.3n spent on RELTEC took a heavy toll on Marconi following the bursting of the bubble in 2000/2001. In the first half of 2001, some of Marconi's major competitors such as Lucent Technologies and Alcatel had issued profit warnings, citing a large drop in orders from large telecoms groups.
2001 CART season; A. 2001 American Memorial; ... 2001 Marconi Grand Prix of Cleveland; D. 2001 Tenneco Automotive Grand Prix of Detroit; F. 2001 Firestone Firehawk 500;
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In September 2011, Simpson was forced to resign from Marconi and a new management team was brought in under Mike Parton, the new chief executive. [19] [30] Shares that had been worth £12.50 at GEC's peak had fallen to £0.04. Lord Weinstock's own stake, once worth £480 million, was reduced to £2 million. [25] [30]
According to U.S. Currency Auctions, it was an 1890 $2 bill that is worth — not sold for — $4,500. You'd have to find a buyer willing to pay that, and it would have to also be in uncirculated ...
An 836-pound “cursed” emerald worth nearly $1 billion will be returned to Brazil after 15 years under lock and key in Los Angeles. The 180,000-carat Bahia Emerald was smuggled out of the South ...
The 2001 Marconi Grand Prix of Cleveland was a Championship Auto Racing Teams (CART) motor race held on July 1, 2001, at Burke Lakefront Airport in Cleveland, Ohio, United States. It was the 9th round of the 2001 CART FedEx Championship Series season .