United States

United States

Kenetech receives Wang Computer

For "one of the most precipitous falls of all time" Kenetech Corp has been selected by the Oakland Tribune newspaper for its year-end "Wang Computer" award. The tongue-in-cheek award, one of 13 handed out by the paper, refers to a computer company known for its sudden decline. Kenetech's booby prize -- or "losers" award in the words of the newspaper -- was perhaps not the worst it could have received. Others awards presented include a Corporate Gluttony Award, a Richard Nixon Ethics award and a John D. Rockefeller monopoly award. Oakland, California, is the location of the US Bankruptcy Court where Kenetech Windpower Inc filed for bankruptcy protection on June 20 after defaulting on a $100 million note.

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