Slashdot Mirror


Rhythms Flatlines

daveT sent us a notice that Rhythms couldn't find a way out of bankruptcy and thus is shutting down its network.

4 of 196 comments (clear)

  1. It's important to some of us. by Mustang+Matt · · Score: 1, Redundant

    This isn't just about a company dying, it's about SDSL dying because none of these companies can get their act together.

    --
    The man who trades freedom for security does not deserve nor will he ever receive either. - Benjamin Franklin
  2. Rhythm Flatlines? by Anonymous Coward · · Score: -1, Redundant

    Is this a new band?

  3. What Is Rhythms? by SEWilco · · Score: 0, Redundant

    An article really should mention what the company does. In this case, it is not a music-related company...

  4. expect it to /.'ed by unformed · · Score: -1, Redundant

    Here's the article:

    Rhythms Notifies Customers of Service Termination; Reduces Workforce by 700 Employees

    ENGLEWOOD, Colo., Aug. 10 /PRNewswire/ -- Rhythms NetConnections Inc.
    (OTC Bulletin Board: RTHMQ), a provider of broadband communication services,
    said today the Company sent 31-day service termination notices to all of its
    customers last evening. During the next 31 days, Rhythms intends to assist
    its customers in transitioning their existing digital subscriber line services
    to alternative broadband providers.
    The Company is also reducing its workforce today by approximately
    700 employees, or approximately 75 percent of its total workforce.
    Approximately 85 percent of the affected employees are in Colorado.

    About Rhythms
    Based in Englewood, Colo., Rhythms NetConnections Inc.
    (OTC Bulletin Board: RTHMQ) provides DSL-based, broadband communication
    services to businesses and consumers. On August 1, 2001, Rhythms and all of
    its wholly-owned U.S. subsidiaries voluntarily filed for reorganization under
    Chapter 11 of the U.S. Bankruptcy Code in the Southern District of New York.
    For more information concerning Rhythms, call 1-800-RHYTHMS (1-800-749-8467),
    or visit the Company's Web site at http://www.rhythms.com.

    Rhythms, Rhythms NetConnections and (any product names for which trademark
    applications have been filed) are trademarks of Rhythms NetConnections Inc.

    The statements contained in these materials which are not historical facts
    may contain forward-looking statements with respect to events, the occurrence
    of which involve risks and uncertainties. Such statements are indicated by
    words or phrases such as "anticipate," "estimate," "projects," "believes,"
    "intends," "expects" and similar words and phrases.