Dueling newswires Reuters story http://biz.yahoo.com/rb/011130/business_tech_exciteathome_dc_1.html Court Orders ExciteAtHome to Shut Service SAN FRANCISCO (Reuters) - A federal bankruptcy judge ordered Internet service provider ExciteAtHome Corp. (OTC BB:ATHMQ.OB - news) to shut its high-speed Internet service at midnight Friday, but said he was confident the company could quickly strike a new deal with cable companies to prevent service interruption for its some 4 million subscribers. Does Reuters know something CNet doesn't? On Fri, 30 Nov 2001, Christopher Schulte wrote:
From http://news.cnet.com/news/0-1004-200-8031722.html :
"But Carlson said that "flipping the switch and shutting off service" was highly unlikely."
Do you know something they don't?
At 04:18 PM 11/30/2001 -0500, you wrote:
Judge Thomas Carlson ordered Excite@Home to shutdown as of Midnight Eastern time, tonight Friday November 30 2001.
Bondholders are free to negotiate a better offer before the shutdown, if they can, to maintain the service.
Yet another take, this time from AP: http://bigcharts.marketwatch.com/news/articles.asp?guid={29FAEB6B-34F2-442F-AA37-FC30CCDCF41B} "Bankruptcy Judge Thomas Carlson said Redwood City-based ExciteAtHome could reject its existing contracts with the cable companies as early as 3 a.m. EST Saturday, when their contracts expire, saying they had become "clearly burdensome" to the company." Which would put the deadline at Midnight Pacific time. KL Sean Donelan wrote:
Dueling newswires
Reuters story
http://biz.yahoo.com/rb/011130/business_tech_exciteathome_dc_1.html
participants (2)
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Kevin Loch -
Sean Donelan