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3The latest development in the Excite@Home vs creditors story doesn't look for AT&T as a bankruptcy judge said he wasn't too eager to approve the sale of @Home to AT&T. Creditors are owed more than $750 million while AT&T is only paying $307 million to acquire @Home. Last Friday bondholders went to court to file a motion against the deal.
Comments
just when exactly did investing come without risk???
bonds or not, these morons or the people they put in charge made nothing but bad decisions one after another
heres a little piece i ganked from my excite start page
" The network, which provides high-speed Internet access to 3.7 million subscribers, is worth more than $1 billion, he said. (this is the AT&T scumbag)
Meanwhile, a dissident group of ExciteAtHome shareholders is trying to win standing in the bankruptcy proceedings. They estimate the cable network's value at $3 billion."
someone pass me some of the crack these jagoffs are hittin on, i just gotta see how far from reality these people are
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