Or, more likely the spinoff was the right idea to get a dead horse off the books. . .
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ALF's problems were not confined to computers. In an affidavit supporting the company's first-day motions with the bankruptcy court, William Snyder, a financial adviser to ALF and its proposed chief restructuring officer, said ALF had "experienced significant financial losses" and shrinking sales in its two years as a stand-alone company.
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