June 15, 2001
Online-Course Company Files for Bankruptcy
Pensare, a company that has worked closely with Duke University and other institutions in using the Internet to sell business courses to corporations, has filed for protection under Chapter 11 bankruptcy laws and is going out of business.
The company, based in Sunnyvale, Calif., is the latest of several business-oriented distance-education vendors that have recently scaled back or shifted their business strategies in light of lower-than-expected interest from potential
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