zombie

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Zombie

A publicly-traded company that continues operations despite a merger or bankruptcy. Stocks in zombies are usually low in price because the companies are likely to cease operations (and the stocks will consequently become worthless). However, a few bottom feeders may be interested in a zombie if they believe that it can restructure and become profitable.

zombie

A company that remains in business even though it is technically bankrupt and almost surely headed for the graveyard.
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References in periodicals archive ?
Spam zombies are an insidious strategy of both hackers and spammers to infect unprotected computers with a Trojan horse program.
Operation Spam Zombies includes encouraging ISPs to block port 25 -- an Internet gateway that is used for sending email traffic on the Internet -- for inappropriate use, and identifying and quarantining customers with suspicious emailing patterns.
Until we get rid of spam zombies -- which are responsible for sending nearly half of all spam -- we won't see any meaningful decline in transported spam or other Internet pollution.
In May the Federal Trade Commission (FTC), along with 35 government partners from over 20 countries, unveiled "Operation Spam Zombies.