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Strategies & Market Trends : Making Money is Main Objective

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To: Softechie who started this subject	3/30/2001 2:13:46 PM
From: Softechie	of 2155

Advanced Radio Telecom to file bankruptcy, lay off staff -------------------------------------------------------------------------------- BELLEVUE, Wash., March 30 (Reuters) - Broadband service provider Advanced Radio Telecom Corp. on Friday said it plans to immediately lay off about 90 percent of its almost 200 employees, as well as file for Chapter 11 bankruptcy protection. The company also said it will attempt to provide service to its current customers for approximately 30 days, as they look for other service providers. Advanced Radio said that because of the continuing distressed capital markets, it has been unable to complete any of the financing alternatives it had been pursuing. REUTERS Rtr 13:15 03-30-01 Copyright 2001, Reuters News Service

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