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Resource ID: #9755
Subject: Business
Source: Bloomberg Business News (Princeton, N.J.)
Affiliation: 
Date: 

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Description

Bloomberg Business News uncovers problems at Spectrum Information Technologies, the company John Sculley quit Apple computers to head; finds that the company's claims of holding 200 patents and having contracts with several huge companies were lies, causing its stock to fall by 49% in one day, Jan. 4 - Dec. 2, 1993.

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