Marconi are on their way towards relisting but what comfort is that to investors who will own only 0.5 percent of the company after the debt for equity swap?
Will this once all poweful company ever be worth investment?
http://www.polskishop.com/28_04_03.htm
STOCKSURGERY
www.polskishop.com

No! Punters have been shafted and it will take a while for that to be forgotten. Currently their shares are worth less than wallpaper, but don't have the benefit of being the right length.

Whether the "new" company is "worth investing in" or not, it should be avoided, that way the City....... will have a constant reminder that you can't fool all of the people....... all of the time.

The Marconi collapse didn't only affect punters - there were employees that had savings in "their" company and looked forward to a secure retirement.

Management went for a fad and the Auditors were kept purring by feeding them bowls of cream. Although paid by shareholders to be watchdogs, they were prepared to sacrifice their employer's interests for a short-term fee. (the so-called advisory work!). What was worse the Government's lax legislation allowed it to happen.

I will never buy Marconi again and will never buy (knowingly) their goods or services. There!