Were Jim Manzi's Big Ideas Too Big?

Nets Inc. never drew the customers--or investors--it needed

When employees of Nets Inc. in Cambridge, Mass., and Pittsburgh were summoned to a meeting on May 9, they knew the news couldn't be good. Nets had been on the edge for months and layoffs were likely. But there also had been rumors that a financial savior, possibly from Malaysia, was near. Just days earlier, managers had assured workers that Chief Executive Jim P. Manzi "wouldn't let the company go bankrupt with his name on it," as one recalled.

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