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Technology Stocks : divine interVentures, Inc. (DVIN) -- Ignore unavailable to you. Want to Upgrade?


To: Glenn Petersen who wrote (225)2/18/2003 10:37:45 AM
From: Glenn Petersen  Read Replies (1) | Respond to of 246
 
Divine May File for Bankruptcy

Tuesday February 18, 8:55 am ET

biz.yahoo.com

CHICAGO (Reuters) - Software services firm Divine Inc. (NasdaqNM:DVIN - News), which has struggled amid a prolonged slump in technology spending, on Tuesday said it would explore strategic alternatives, including filing for bankruptcy protection.

Divine, an Internet incubator turned business software developer, said it had hired Broadview International LLC to advise it on its options, which could also include divesting assets or similar deals.

Divine said it is in active discussions to sell several businesses or assets.