Wang's Great Leap Out Of Limbo

The saga of Wang Laboratories Inc. has almost enough tears and triumphs to make a Hollywood classic. A highflier stumbles and slips into bankruptcy. But just when everything seems lost, it emerges from Chapter 11, bloodied but unbowed. And as if to dramatize its comeback, Wang issues new stock. The shares climb 46% within six weeks, to around 22. Happy ending?

To continue reading this article you must be a Bloomberg Professional Service Subscriber.