Starband Files for Chapter 11
PalmKiller writes "Well it looks like Starband is going into chapter 11. I got the email a few days ago. And just when I got CYGWIN with squid proxy working beautifully. With winproxy I rarely got any thoughput on my clients (20-50KBytes/sec or 160-360Kbits/sec), on squid I finally am getting 80-95KBytes/sec (640-760Kbits/sec continuously) and some faster bursts. Well, I guess I will ride her till she falls over and dies." Looks like Echostar's tactics have been successful. And we just did an article a few weeks ago on Starband's service, where most commenters weren't very happy.
Links:
Adelphia postpones quarterly report due to 'accounting discrepancies'
More on accounting problems (google cache)
Adelphia selling off assets (google cache)
Absolutely ridiculous. All these telecoms going bye-bye. Where the fsck did the people who ran these business get their degrees? I mean, for god's sake, it doesn't take a genius to figure out that if your company is 2 billion in debt maybe you shouldn't pay like 50 million to liscense a stadium (titan's adelphia stadium). Or perhaps you shouldn't get those $100,000 sun boxen. Always a favourite of mine - listening to all this super expensive brand-new equipment these companies have. Ebay anyone?
It just boggles my mind that somehow these morons got put in charge of a company like this. Take starband - why in god's name would you ban something like P2P filesharing programs? These programs are like the #1 reason people (Especially younger people) want to get broadband - but you filter them out. Great business strategy. Gee, I wonder why you are going bankrupt?
It just pisses me off that these morons who ran the company will get to live off of 'only 50 million' like that b*tch from Enron while 1,000 or more employees will have to try and have to scrape together a living. Argggggggggggggggggggggghhhhhhhhhhhhhhhh
</RANT<
Before reading this, I had no idea who Starband was, what they did, where I might have known them from, etc. After reading it ...I still don't know, but I know that they're out of money and that it messes up some guy's Cygwin/Squid setup. But I don't *care* about some guy's Cygwin/Squid setup. If you want to convince the reader that this is important, maybe it would make more sense to mention, I dunno, who the fuck Starband is and why the hell it would matter to anyone if they're broke.
And to think I once saw Slashdot as journalism's great shining democratic hope. Oh the disappointment of reality.... :/
DO NOT LEAVE IT IS NOT REAL