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Chapter 11 For Excite@Home

Posted by ryuzaki0 on from the back-to-your-old-tricks-in-chapters-4-5-and-6 dept.

n8twj writes: "According to this story at CNET News, Excite@Home, the leading provider of broadband Internet access, said Friday it will file for Chapter 11 bankruptcy protection and sell its high-speed network to AT&T for $307 million in cash." jgbrown adds: "@Home files for Chapter 11, they are going to sell their assets to AT&T unless they get a higher offer. Here is a Yahoo News link." An Anonymous Coward adds a link to a story at cnnfn.com." Just like Loki and Exodus, this doesn't mean that Excite@Home has dropped off the face of the earth -- it does mean that are seeking legal protection from creditors in an attempt to reorganize.

2 of 141 comments (clear)

  1. This is too confusing by compugeek007 · · Score: 5, Funny

    Okay maybe ssomeone here with a higher mental capacity can help me -

    I Have @Home service, But I pay my bill to AT&T @Home. My cable TV is Comcast, but I pay my bill to ATT Cable. When I call for service, A Media One truck pulls up.

    I am beginning to think all of these cable companies are a smokescreen for Microsoft.

    --
    Jesse Wolfe Sr. Manager Systems Integration
  2. @home deal falls through by rant-mode-on · · Score: 5, Funny

    AOL, ATT and Comcast were falling over themselves today in attempts to buy the ailing @home. However, it is believed that talks have fallen through. Evidence of this was leaked by a disgruntled employee who had a copy the 'training tape' made when Comcast called:

    @home: "Hello, can I have your at home account name please?"

    comcast: "Er, actually I work for Comcast and I would like to buy your company, and I need to speak to your CEO about a deal"

    @home: "Oh, can I have your primary email address then please?"

    comcast: "No, you don't understand, I called earlier and left a message for your CEO to call me back."

    @home: "Ok, I see the problem then. Could you unplug your cable modem for 30 seconds please?"

    comcast: "What? No, I need to speak..."

    @home: "I'm sorry that won't be possible, nobody here has telephones. You need to unplug your cable modem."

    @comcast: "You don't understand, if I don't speak to your CEO, you could lose your job."

    @home: "I'm sorry, my SEE-EE-OH doesn't have a telephone. Could you reboot your PC now please?"

    @comcast: "Oh for heavens sake, you'll be the first against the wall"

    @home: "Oh there's a problem with your wall, we'll send a technician round then. Thank you for calling @home."

    Later on, the disgruntled employee complained about @home's recruitment policy. "At the interview, they said all I needed to be able to do was to pick up the phone and to speak English. Technical ability was never a requirement. They never did trust me - I was never allowed to see the secret document that showed how to transfer calls to people that fix problems. What is a cable modem anyway?"