Marconi's painful centenary
Nov 30, 2001
No company illustrates the recession that has brought some of the world's leading high-tech companies to their knees like Marconi,
the British-based communications firm. In August 2000 shares in Marconi were valued at £12.50 - in the middle of last month
they were worth 33 pence and the company reported a record loss of £5bn. Hardly a fitting way to mark the 100th anniversary of
Guglielmo Marconi sending the first radio waves across the Atlantic.
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