@Home Can End Service
by Maarten Goldstein, Nov 30, 2001 1:03pm PSTA judge has cleared the way for Excite@Home to shut down its Internet service, according to MSNBC (thanks SatansFist). In fact @Home could end its service as soon as late tonight which might affect some 4 million people. Of course, cable companies which use @Home's network and have not found a replacement network yet, are appealing the decision.
Bankruptcy Judge Thomas Carlson said Redwood City-based ExciteAtHome could reject its existing contracts with the cable companies as early as 3 a.m. EST Saturday, when their contracts expire. Carlson gave ExciteAtHome the leeway to end the contracts after concluding they had become “clearly burdensome” to the company. Under the contracts, ExciteAtHome executives said the company was losing up to $6 million per week.This news story on CNet paints a somewhat different picture about the situation, and makes it appear less likely that service will actually be shut off.
Daily Filter: The Witcher 2: Assassins of Kings Enhanced Edition, MLB 12: The Show
Cradle trailer shows off Russian indie adventure game
WoW Monopoly, StarCraft RISK announced at Toy Fair
Jersey Shore's 'The Situation' signs App deal
Blacklight: Retribution open beta begins Feb 27
Super Stardust Delta free with Vita 3G activation
Chronovolt announced for PS Vita
Ms. Splosion Man challenge to give away steaks
The Last of Us avoids regen health
Closure takes $100K Grand Prize at IGC 2012
Comments
HAHAHAHAHAHAHA
Thread Truncated. Click to see all 14 replies.
Thread Truncated. Click to see all 10 replies.
Shaw http://biz.yahoo.com/bw/011126/260364_1.html
Rogers http://biz.yahoo.com/cnw/011130/rogers_excite_ruling_1.html
About a year ago, Shaw decided to go it alone and set up their own Email and Newsgroup servers. Rogers decided to go it alone (although Shaw invited them to participate, no doubt for fees for use of Shaw's extensive network infrastructure).
Don't worry though, I post from my DSL line on behalf of all the disconected cable users.
BTW I really doubt your service will go down, and if it does it probably won't be down for long... cable companies want your money.
Thread Truncated. Click to see all 2 replies.
JP
Thread Truncated. Click to see all 2 replies.
My @home is still working....
then again: i am in Holland, whehe
Thread Truncated. Click to see all 4 replies.
Thread Truncated. Click to see all 4 replies.
Thread Truncated. Click to see all 7 replies.
I feel you pain guys, I was using Telocity when they started going downhill. Losing broadband is like losing indoor plumbing.
Thread Truncated. Click to see all 2 replies.
Thread Truncated. Click to see all 2 replies.
"Despite threats from the cable companies, Carlson and numerous attorneys for bondholders and unsecured creditors said that shutting off service was highly unlikely--chiefly because such a move would be detrimental to all parties involved. Excite@Home and various cable partners, including AT&T Broadband, Cox Communications and Comcast, share infrastructure and content, and the companies split revenue that comes from paying subscribers."
"But attorneys for bondholders and unsecured creditors said the cable companies' protestations are nothing but idle threats--an attempt to hang onto lucrative contracts without having to renegotiate them at potentially less favorable rates."
"Even the cable companies say that the odds of a shutdown are slim. Cox Communications and Excite@Home executives were busy trying to negotiate contracts on Friday afternoon, in an attempt to "do everything possible to avoid an outage." "
"Sources close to the deal said few of those involved in the talks really want a shutdown of Excite@Home, and some bondholders are willing to accept bids even marginally more than $307 million. "
So clearly, there have to be new contracts, and that's all. Excite@home needs more revenue, and the cable companies have to share a little more of that huge pie.
My prediction? Nothing is going to happen in terms of service disruption. It would mean a very big blow to the cable networks.
booyaka
@home customers, read this article: http://news.cnet.com/news/0-1004-200-8010578.html
It talks a bit about how the big cable companies are going to handle the shutdown and how long it might take them to restore service to its customers when @home shuts down.
Thread Truncated. Click to see all 8 replies.
im already on rogers own network as of last week....
but my @home email still works and it was suposed to be changed over to a rogers account
hmmmmmmm
Thread Truncated. Click to see all 2 replies.
Thread Truncated. Click to see all 6 replies.
Thread Truncated. Click to see all 4 replies.
Thread Truncated. Click to see all 2 replies.
http://www.home.com/signup.html
Thread Truncated. Click to see all 3 replies.
Thread Truncated. Click to see all 3 replies.
Thread Truncated. Click to see all 3 replies.
Talks between Excite, its creditors and cable companies, including AT&T Broadband, Cox Communications Inc. and Comcast Corp., are under way in a bid for a new deal before the midnight deadline, attorneys at the bankruptcy court said.
Scary. Or rather, sCary.
Thread Truncated. Click to see all 3 replies.
Thread Truncated. Click to see all 2 replies.
Thread Truncated. Click to see all 2 replies.
Thread Truncated. Click to see all 3 replies.
Sounds like your average FC sob-story.
Thread Truncated. Click to see all 5 replies.
Thread Truncated. Click to see all 2 replies.
FUCKING HELL!!!!!
Like anyone reall gives a fuck about the content...
Thread Truncated. Click to see all 4 replies.
It has a different spin on the decision. Decidedly a bit more optimistic IMO.
Thread Truncated. Click to see all 2 replies.