Marconi: Establishment to Wunderkind to Basketcase

Stewart Hamilton and Alicia Micklethwait

Chapter Chapter 6 in Greed And Corporate Failure, 2006, pp 98-115 from Palgrave Macmillan

Abstract: Abstract On the morning of 4 July 2001, shares of the pre-eminent British industrial group Marconi were suspended. Four months later, with losses mounting and haemorrhaging cash, Marconi entered into urgent negotiations with its bankers. Shareholders looked on aghast as shares, worth £12.50 at their peak in September 2000, fell to almost zero. £35 billion of wealth had vanished into thin air.

Keywords: Share Price; Dividend Payout; Cash Balance; Cash Surplus; Gold Rush (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50275-8_6

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DOI: 10.1007/978-0-230-50275-8_6

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