Teligent

"This merger will clear up some serious spelling problems that have plagued us in the past," a Teligent source said.

Getting Down To Funny Business 2008

Teligent insiders concurred with Grove's assessment.

Getting Down To Funny Business 2008

Intel to merge with Teligent: In a merger between two top players in the high-tech field, Intel will merge with Teligent, forming a new entity called Intelligent.

Getting Down To Funny Business 2008

"We strongly feel that Teligent provides us with an important strategic partner going forward," said Intel chief Andy Grove.

Getting Down To Funny Business 2008

Both companies went into bankruptcy, wiping out their shareholders, though Malone managed to sell Liberty's Teligent stake for about $40 million slightly before the fall.

Dumb Deals 101 2007

Average people who bought dogs like ICG, Webvan and Teligent at their highs can weep in private.

Dumb Deals 101 2007

About a fifth of those are in telecommunications (companies like 360networks, Winstar and Teligent).

Companies Are Maxed Out Too 2007

But in 1999, it changed course and invested a total of $1 billion in telecom start-ups ICG, Rhythms NetConnections, Teligent and Viatel.

Dumb Deals 101 2007

Lesson #2Buying low and selling high really is a good idea after allJohn Malone's Liberty Media invested $1.5 billion in ICG and Teligent in 1999 and 2000.

Dumb Deals 101 2007

But he made un-Malone-like investments in start-up telecom companies ICG and Teligent, classic examples of bubble investments.

Dumb Deals 101 2007