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Rumors abound of @Home shutdown
internetnews.com ^
| 11/28/01
Posted on 11/28/2001 12:36:01 PM PST by damnlimey
|
Rumors Abound Of @Home Shutdown
|
Rumors abound over reports @Home (NASDAQ:ATHM), the largest cable Internet service provider (ISP) in the U.S., will shut down its cable network on Friday, a move that could strand millions of high-speed subscribers. @Home officials, as well as officials from Cox Communications ( NYSE:COX), Comcast Corp. (NYSE:CCZ) and AT&T Broadband ( NYSE:T), were unavailable for comment. The three providers all have subscribers from their networks on the @Home service, a holdover from a time when all three participated in an experimental cable ISP experiment.
CNBC originally reported the cable ISP would be closing down its service Friday, while Reuters Online is reporting the shutdown is only a possibility if negotiations with the cable companies fail to cut a deal. @Home has a hearing with the San Francisco bankruptcy court on Thursday afternoon.
@Home, with more than 41 million cable Internet subscribers worldwide, has been the subject of much debate in the broadband community lately. In addition to filing for Chapter 11 bankruptcy in September, shareholders have been angered over the actions of its board of directors, primarily made up of AT&T executives, to sell the ISP to AT&T Broadband for $307 million.
Talks over the bargain basement rate, which heavily favors the cable network giant and gives shareholders and investors a meager return on their investment, have bogged down in bankruptcy courts since then. Officials at @Home said the company's operations, which are losing money every day, can't keep the service running indefinitely unless emergency funding is made available.
It's a prospect that has many residential cable Internet users worried. Not only would it strand them when the network shuts down, many of the cable companies have yet to implement their own cable ISP services to replace @Home. Some customers are unaware there is a potential problem at all.
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Don't know if this affects anyone here,thought I'd post it just in case.
1
posted on
11/28/2001 12:36:01 PM PST
by
damnlimey
To: damnlimey
Probably will affect 25% of us
To: damnlimey
holy cow, I think this impacts almost all internet cable useres.
This could be big.....
3
posted on
11/28/2001 12:39:20 PM PST
by
vin-one
To: damnlimey
this is EXCITE!!!
4
posted on
11/28/2001 12:43:24 PM PST
by
alisasny
To: vin-one
I'm using Charter so it won't affect me.
5
posted on
11/28/2001 12:44:37 PM PST
by
6ppc
To: damnlimey
I have an @home connection through Comcast in Connecticut. I may be wrong, but I think that even if @Home shutdown completely, the only thing that would happen is the loss of email, etc.
The internet itself would still be there. And you could easily enough set up an email account with yahoo or hotmail.
I never got an email account myself, the bozo who installed the cable never gave me any account information, and I wasn't ever able to find anyone who would give it to me afterward.
FRegards, Al
6
posted on
11/28/2001 12:45:29 PM PST
by
ahariail
To: vin-one
holy cow, I think this impacts almost all internet cable useres. This could be big.....That spells opportunity for someone. There'll be some grumpy folks here if AOLTimeWarner steps in ....:)
7
posted on
11/28/2001 12:48:24 PM PST
by
sphinx
To: vin-one
holy cow, I think this impacts almost all internet cable useres. This could be big.....That spells opportunity for someone. There'll be some grumpy folks here if AOLTimeWarner steps in ....:)
8
posted on
11/28/2001 12:50:16 PM PST
by
sphinx
To: damnlimey
Not a rumor my brother -n -law works for at&t and its true
To: ahariail
I may be wrong, but I think that even if @Home shutdown completely, the only thing that would happen is the loss of email, etc. Without an ISP, you can't get to the internet, much less Yahoo or Hotmail.
10
posted on
11/28/2001 12:54:10 PM PST
by
Dog Gone
To: damnlimey
A matter of fact they are doing away with @home alltogether
To: damnlimey
Big, all right - it'll affect me at home but not at work. That may mean spending more time at the office...
The actual ISP involved is Excite.com; I don't believe this means everybody on @home is involved, but most are. I'll be really bummed if I have to watch those strike videos at 56K...
To: technochick99
Uh oh...
To: damnlimey
Ok, now I'm depressed! Please don't tell me I have to go back to a modem! This must be part of the terrorists' plan to instill fear in the American people!
14
posted on
11/28/2001 12:55:32 PM PST
by
Snowy
Comment #15 Removed by Moderator
To: damnlimey
hahaha.. Good. I have ADSL from Verizon anyhow. ;-)
16
posted on
11/28/2001 12:56:56 PM PST
by
Smogger
To: damnlimey
I have/had Mediaone, but I think AT&T bought them, or something like that. I am very satisfied with my cable modem hookup, it ZOOMS. Hope I don't have to swith to something slower, or worse, do without.
17
posted on
11/28/2001 12:57:17 PM PST
by
cd jones
To: damnlimey
LOL! I just got my self-install kit from @Home yesterday. Had it set up in about 30 minutes. Damn shame it might only last until this Friday.
To: damnlimey
They can't be shutting down or that advertisement wouldn't have come in my mail today.
To: classygreeneyedblonde
I have Roadrunner so I'm pretty sure this won't affect me but do you think subscribers who use @homes' lines
(not just @home customers)will have their service disrupted if theres a change of ownership?
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