[wordup] Got an AT&T Cable Modem?
Adam Shand
adam at personaltelco.net
Fri Nov 30 18:59:26 EST 2001
this is fucked up. make sure you read to the bottom, it's not long. i
hate corporations, just as well the free market means that all the little
guys get lookd after ;)
adam.
Via: Nigel Ballard <nigel at joejava.com>
Bankruptcy judge clears way to turn off AtHome Internet service
A judge cleared the way for bankrupt ExciteAtHome to turn off its
high-speed Internet cable network as early as Friday night, which could
affect more than 4 million subscribers around the country.
The cable companies that connect their customers to the AtHome network
said they plan to appeal the decision to U.S. District Court in San
Francisco as soon as possible.
ExciteAtHome's bondholders urged Carlson to unplug the service -- and
offer it for sale on the market -- to prove it is worth substantially more
than the $307 million that AT&T has offered for the AtHome network. The
bondholders have accused AT&T of using its controlling position on
ExciteAtHome's board to steer the company into bankruptcy as part of a
scheme to buy one of the nation's biggest high-speed Internet networks at
a sharp discount.
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