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Old 11-30-2001, 02:28 PM  
Amputate Your Head
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Join Date: Aug 2001
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Posts: 39,075
Quote:
Originally posted by DarkJedi:
www.excite.com is going down ?
No.... worse. The provider of high speed to millions...

The brewing conflict over the bankrupt ExciteAtHome's broadband network is best described as a daring game of chicken between corporate interests -- with the possible victims being not the corporations themselves but their millions of cable-modem subscribers.
Although experts say the odds are against it, a U.S. Bankruptcy Court judge in San Francisco could rule Friday that ExciteAtHome (ATHM) must shut down its network, leaving its 3.7 million cable-modem subscribers without their beloved high-speed connections.

If Judge Thomas Carlson does this, it would be at the behest of ExciteAtHome's creditors, who say that the shutdown threat will force AT&T (T)-- ExciteAtHome's largest shareholder -- to pay much more than what it recently offered for ExciteAtHome's network. The creditors contend that the $307 million that AT&T suggested is too paltry a sum, and it won't cover the millions they're owed by ExciteAtHome.

~ Wired News
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