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To: E. Davies who wrote (29405)11/11/2001 12:21:39 PM
From: hdl  Respond to of 29970
 
perhaps t and others should be equitably subordinated under section 510 (c) of the bankruptcy code. perhaps the shareholders shouls get a heavy attorney to help represent them. richard lieb of nyc likes to represent shareholders. perhaps equity requires increased payments to athm retroactively. perhaps the rbocs are slowing down the rollout of dsl because of what t and cable company-shrs did to athm. perhaps survival of athm is of interest and importance to the country and the world - to say nothing of some shareholders.



To: E. Davies who wrote (29405)11/11/2001 2:05:42 PM
From: Ahda  Respond to of 29970
 
Eric my gut is telling me T got took. Some time ago i wished i knew what post AH had felt there was hope for ATHM due to T's intervention.

Dont pay attention to me as this is mostly based on intuition and gossip. Armstrong is noted for honest up front smarts or being a gentleman in business. There of the rear end or shrewd type he was not capable of picking it up in the beginning and greed chugged him on too. The problem in ATHM was that was ATHM was poorly managed into one mess after another.

ATHM became a ball rolling hellward in my opinion part of dot com mania and over night millionaire maniacs.

I hope the shareholder receive better than a whack on the head for their troubles.



To: E. Davies who wrote (29405)11/12/2001 8:00:58 PM
From: GraceZ  Read Replies (1) | Respond to of 29970
 
Excite turns $7.8bn portal into $10m portal in just two years


It's so spectacularly bad you can't help but be impressed...


Bankrupt broadband portal company Excite@Home is looking to sell the Excite portal to search company Infospace for just $10m - two years after it bought the firm for $7.8bn.

The proposed deal will see Excite@Home's assets sold for one thousandth of their previous value - reflecting the 99.9 per cent decline in the company's share price.


It's been coming. Even the much-maligned analyst community said so over two years ago


The deal, which is yet to be approved by the bankruptcy court overseeing the sale, includes only 'intellectual property' such as customers and internet domains, and does not include staff, property and equipment.
Excite said in a press release it is still looking for better offers on the business. The low purchase price is despite the fact Excite is still one of the most visited portals on the internet.

However, investors are seemingly no longer impressed by traffic numbers alone, but require proof a company can make money.

According to newswire Cnet, Infospace is looking to use the domain in a deal with portal iWon.



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