Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Math Junkie who wrote (9788)	12/1/2001 2:08:24 PM
From: sylvester80	Respond to of 99280

It looks like some service went down and some is changing to other providers? The ATHM board has more info.

To: Math Junkie who wrote (9788)	12/1/2001 5:33:57 PM
From: sylvester80	Respond to of 99280

Excite@Home starts cutting service AT&T says firm shuts down Web access for its customers msnbc.com Excite@Home starts cutting service AT&T says firm shuts down Web access for its customers MSNBC STAFF AND WIRE REPORTS SAN FRANCISCO, Dec. 1 — AT&T Corp. said Saturday that troubled Excite@Home Corp. had shut down high-speed cable Internet access used by 850,000 AT&T customers, who would be moved to a new AT&T provider. AT&T said it had already migrated some 86,000 customers in Oregon and Washington to an AT&T Broadband service and would move remaining customers within 10 days. A U.S. BANKRUPTCY JUDGE told bankrupt Excite@Home that it could shut down its high-speed Internet service at midnight Friday, a move that eventually could affect about four million subscribers. The ISP could still strike a deal with cable companies to keep service flowing. T In a closely-watched ruling, Judge Thomas Carlson handed a victory to Excite@Home’s bondholders, who had contested a $307 million buy-out offer by AT&T Corp, for the once high-flying company. The judge said Excite’s bondholders should be free to negotiate a better offer. “The debtor (Excite) should not be forced to accept the offer the cable companies find advantageous,” Carlson said. Carlson said arguments by the cable companies that millions of Excite users would have their Internet access shut-down were not persuasive, saying he was confident that the cable companies and Excite would come up with new arrangements to continue Internet service without interruption. Carlson gave Excite@Home the leeway to end the contracts after concluding they had become “clearly burdensome” to the company. Under the contracts, Excite@Home executives said the company was losing up to $6 million per week. Talks between Excite, its creditors and cable companies including AT&T Broadband, Cox Communications Inc. and Comcast Corp., are currently underway in an effort to strike a new deal before the midnight deadline, attorneys at the bankruptcy court said. The cable companies that connect their customers to the high-speed network said they plan to appeal the decision to U.S. District Court in San Francisco as soon as possible.