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@Home Network Approaching Shutdown

Posted by ryuzaki0 on from the so-long-and-thanks-for-all-the-code-red dept.

David Harris writes: "A bankruptcy court ruled today that the @Home network will be shutdown at midnight, unless the company reaches new deals with its cable partners and creditors. The decision is a victory for bondholders, owed $750 million by Excite@Home, whose motion asked the court to shutdown the network on grounds that AT&T's $307 million offer to acquire @Home's broadband network is not adequate and fair value for the network could only be found if a shutdown was forced." Read about it on excite.com, while you can. CNet has a good analysis of where things stand. 45% of the cable modem users in North America! Ouch.

2 of 797 comments (clear)

  1. Lucky... by tweakt · · Score: 0, Offtopic

    Glad to be an AT&T customer =P

  2. This sucks by joshgs · · Score: 0, Offtopic

    First they limit us to 128k upload, then they threaten to pull the plug.
    DSL is looking better every day.

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