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Technology / AI and automation

ADVANCED LOGIC SYSTEMS FILES FOR CHAPTER XI BANKRUPTCY PROTECTION

Personal Computer add-on specialist Advanced Logic Systems Inc, Sunnyvale, California, has filed for Chapter XI bankruptcy protection citing a shortage of working capital and an inability to reach extended payment terms with certain crediters: the firm looks to present a plan of reorganisation that will enable the company to carry on its business and gain more capital.

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CBR Staff Writer

CBR Online legacy content.