Chapter 11 For Excite@Home · Slashdot Mirror

Posted by ryuzaki0 on Saturday September 29, 2001 @01:17AM 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.

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Cringely Right Again by General_Corto · 2001-09-29 01:53 · Score: 5, Interesting

You people may like to look at Bob's article from August 30 which quite neatly explains where Excite@Home finds itself.

Remind me to buy stock in Cringely if he ever IPOs.