Many of us may be disconnected from Broadband by Nov. 30th
poehlman1 at home.com
Wed Nov 28 18:57:14 EST 2001
mine is offering net zero as a free alternative if there is disruption.
what they are not discussing though is since home.com handles the email,
we won't have any reason to use net zero. they do say they will give us
----- Original Message -----
From: "Amanda Lee" <amanda at shellworld.net>
To: <speakup at braille.uwo.ca>
Sent: Wednesday, November 28, 2001 1:07 PM
Subject: Many of us may be disconnected from Broadband by Nov. 30th
Some disturbing information. Knew excite.athome was in financial
but did not think the doom was this eminent.
Might want to contact your respective Cable provider to verify their
Excite end could be near
November 27, 2001: 6:06 p.m. ET
Troubled Internet service provider
struggles to renew cable company
NEW YORK (CNN/Money) -
ExciteAtHome said Tuesday that
it could stop providing service to
its more than 4 million customers
by Friday if it cannot renegotiate
agreements with the cable
companies that carry its service.
Some of ExciteAtHome's cable
partners have informed their
users that service could cease
after Nov. 30, Excite
spokeswoman Stephanie Xavier
said. Excite, with 4.1 million U.S.
customers, counts on some of
the nation's biggest cable
companies as distribution
partners, Comcast Corp., Cox
Communications and AT&T
Redwood City, Calif.-based
Excite ( ATHMQ : Research ,
Estimates ), will appear before a
U.S. Bankruptcy Court in San
Francisco Friday where a judge
will decide whether to block the service if
discussions fail, Xavier said.
Excite, the nation's No. 5 ISP, has also been
delisted from the Nasdaq.
In August, Excite announced that it would not
repay a $50 million loan to Promethean
Investment Group LLC. The cash crunch caused
Excite in September to cut 500 jobs and pared
down operations. The troubled ISP then filed
later that month for Chapter 11 bankruptcy
New York-based AT&T Corp., which holds a 23
percent stake in Excite and has a 74 percent
voting stake, agreed to buy Excite's broadband
assets for $370 million.
Excite motion for AT&T ( T : down $0.28 to
$16.83, Research , Estimates ) to buy its
broadband assets will be heard in court on Dec.
5, Xavier added.
In November, ExciteAtHome agreed to sell
certain assets related to its portal Excite.com to
Internet and wireless services provider
InfoSpace Inc. for $10 million
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