TechBankruptcy

Mobile UI developer UIQ Technology, recently filed for insolvency relief in Sweden.

nTag Interactive Corp. filed a chapter 7 petition in Massachusetts at the end of December, according to an article in the Boston Business Journal. nTag sold systems that allowed vendors at trade shows to better interact with attendees through the use of electronic name tags.

I've probably missed a few recent tech failures since I've been too busy the last few weeks to track this stuff, but this one is too big to ignore.

FierceWireless reports: "Nortel Networks, despite having $2.6 billion in cash, is contemplating bankruptcy because of uncertainty about some of its long-term financial problems as well the future market for its voice-only wireless equipment, which has seen a steep drop in demand recently."

According to the Houston Business Journal:

Neonode, Inc.'s Swedish subsidiary, Neonode AB, filed a petition for bankruptcy in compliance with the Swedish Bankruptcy Act (1987:672) December 9, 2008. Neonode is a cell phone manufacturer, with patented touch screen technology according to this article posted at IntoMobile.