| System | Anon 2001-Nov-30 10:44 pm Excite Says Call Your Cable CompanyExcite@Home Responds to Bankruptcy Court Ruling REDWOOD CITY, Calif., Nov. 30 /PRNewswire/ -- Excite@Home announced today that the U.S. Bankruptcy Court for the Northern District of California Once rejected, the cable companies must negotiate new agreements acceptable to the company or risk the possibility that the @Home service may be Excite@Home urges @Home subscribers to contact their cable companies for further information about their @Home network services. This press release contains statements that may be deemed forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Actual results may differ materially due to a number of factors, including, but not limited to, the companies ability to engage in further negotiations with its cable SOURCE: Excite@Home |
· actions · 2001-Nov-30 10:44 pm · | |
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2kmaro 2001-Nov-30 11:01 pm I Say Support Your Local ProviderOf course Excite would like you to call your local cable operator. That puts a sense of urgency on them that, in my opinion, would be unfair. Excite@Home has brought this upon themselves. They have no one else to blame, they would LOVE nothing better than to have us all believe that it is the fault of the local cable provider or their parent company (Cox, Comcast, AT&T, et.al.). It hides them in the smoke and mirrors, and potentially it would force the parent companies to fork up the added money that @Home is trying to get out of AT&T to buy them out. Don't call - unless it is to give support to your local provider. Tell them that even if you have to leave for a short time that you'll be back as soon as they are ready to provide you service again. And ask them to please pass on a message to Excite@Home: SKREWU2!! |
· actions · 2001-Nov-30 11:01 pm · | |
| rodrod5 | rodrod5 to Anon Member 2001-Nov-30 11:06 pm Re: Excite Says Call Your Cable Companyget a clue silverback cox comcast and ATT CONTROL @HOME actually what happened is that all of the cable companies told @HOME TO GO TO HELL BEFORE THEY HAD THIER NETWORKS READY!!!! and then their contracts with @Home ran out about 1.5 months ago and they signed new ones. Those expire at midnight tonight and the cable companies want to renew for a short term rate that @Home loses money on so the bondholders said no thanks we are no longer going to lose more money for you................ALSO incase you do not understand the cable companies CONTROL @HOME so they are screwing you themselves........@HOME is controled with 76% of the voting shares controled by ATT and 23% of the company roughly owned apiece by cox comcast and ATT..........cox and comcast traded their control votes for their 23% each to ATT for cash BUT kept their shares which is how ATT has the 76% control while owning 23% of the company as stated before these cable companies used the bondholders and the remaining 24% shareholders cash to build @Home then tried to steal it away from them so basically ATT cox and comcast screwed themselves and you when @Home went under they could nolonger have @Home run and lose money while they hastely ran around and tried to finish out their networks get the facts right @Home and YOU got screwed by the cable companies and the cable companies are going to screw you harder when they have up and DOWNLOAD caps as well as a more restrictive user agreement that they WILL FINALLY ENFORCE since they can no longer blame the problems on @HOME |
· actions · 2001-Nov-30 11:06 pm · | |
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wheelert$93 2001-Nov-30 11:12 pm Really? My provider has been working diligently to create a better service than @Home ever provided. We're completely on their infrastructure and my speeds are just as good as they've ever been. Don't give me the getting screwed by the cable provider story. Many ARE working to get the best deal they can to their customers. |
· actions · 2001-Nov-30 11:12 pm · | |
| System | to rodrod5 Anon 2001-Nov-30 11:12 pm Yep. So we just watch it work itself out. This year's version of the California power crisis. |
· actions · 2001-Nov-30 11:12 pm · | |
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2kmaro to rodrod5 2001-Nov-30 11:18 pm Well, they've obviously got you convinced. I just take my information from sources such as Forbes, Business Week and other reliable financial reporting institutions. It was not Cox, Comcast or anyone else who poured literally BILLIONS of dollars into the Excite portal trying to compete with the likes of YAHOO! and MSN or bought up the BlueMountain on-line greeting card site (another billion or so blown away) without even trying to make it look like it would turn a profit. That was all Excite@Home, no one but Excite@Home and they get all the glory from it. Seems the only ones profiting are the Senior Management of Excite who SOLD their stock at a profit before announcing this travesty. Do your homework, then come back and discuss this based on facts, not whatever your current source is. You are shouting at deaf ears here. Turn it off. |
· actions · 2001-Nov-30 11:18 pm · | |
| rodrod5 | rodrod5 to Anon Member 2001-Nov-30 11:24 pm if you are in Canada you are on Shaw or Rogers most likely those companies and all in Canada are subject to differant business situations than cable companies in the USA Shaw was already in the process of going away from @Home before all this started @Home could have provided the same or better level of service as Shaw and Rogers if given the chance also many of the issues that they had in Canada were caused by fiber cuts that were investigated as vandilism/sabatouge in Canada (see shaws own web site) and no company can be prepared for that Shaw and Rogers also used knowledge gained from @Home being the first in the cable BB space to not repeat the same mistakes (wise move) so you are in a differant situation in Canada lucky for you...i also believe there is assistance for your companies to build out to reach even the smallest areas (Canada is farther sighted than the US) and the USA MSOs do not have this if you do not believe the cable company is going to screw those in the USA then ask a Charter subscriber why their DOWNLOAD IS CAPPED AT 768 NOW!!! or an ATT why it is NOW 1.5 down instead of the 3+MB before??? sorry you r right in Canada you have more HONEST companies that have differant regs in the USA BENDOVER and ATT COX and COMCAST control @HOME if you do not know that then you need to go away if they cared at all why did they let this happen ever?????? simple 1 word answer GREEEEEEDDDDDDD |
· actions · 2001-Nov-30 11:24 pm · | |
| | rodrod5 to Anon Member 2001-Nov-30 11:30 pm Excite@Home Announces Changes to Board of Directors REDWOOD CITY, Calif., Oct. 24 /PRNewswire/ -- Excite@Home today announced it has been notified by AT&T that AT&T has removed C. Michael Armstrong, Frank Ianna, Charles H. Noski and Daniel E. Somers from the board of directors of Excite@Home, and that AT&T has irrevocably relinquished its rights to replace these directors and to otherwise appoint or designate additional directors that would constitute a majority of Excite@Home's board of directors, effective October 1, 2001. The two remaining directors elected by AT&T, Mufit Cinali and John C. Petrillo, will continue to serve on the board. Today's announcement is not expected to have an impact on the pending Asset Purchase Agreement between Excite@Home and AT&T. About Excite@Home Excite@Home is the leading provider of broadband, offering consumers residential broadband services and businesses high-speed commercial services. Excite@Home has interests in one joint venture outside of North America delivering high-speed Internet services and three joint ventures outside of North America operating localized versions of the Excite portal. This press release contains forward-looking information within the meaning of Section 27A of the Securities Exchange Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbors created by those sections. These forward-looking statements include statements relating to the effect the resignations may have on the eventual closing, or timing thereof, of the proposed asset purchase agreement between the company and AT&T Corp. Actual results may differ materially due to a number of factors, including the company's ability to comply with its obligations under its agreement with AT&T and to complete this transaction, approval of this transaction by the creditors' committee and the bankruptcy court, and other risks and uncertainties described in the Quarterly Report on Form 10-Q for the period ended June 30, 2001 and 8-K reports subsequently filed with the Securities and Exchange Commission. Excite@Home assumes no obligation to update the forward-looking information contained in this press release »www.corporate-ir.net/ire ··· d=219661 from @HOMES own web site silver ATT controled 6 of the seats on the @Home board of directors until october of this year they had control of @HOME read it it is right there!!!!!!!!!!!! the board of directors controls a company and aproves ALL major decisions incase you did not know this!!! ATT COX AND COMCAST WERE THE ONES THAT HAD @HOME MAKE THOSE MERGERS!!!!!!!!! get a clue!!!!!! |
· actions · 2001-Nov-30 11:30 pm · | |
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2kmaro 2001-Nov-30 11:38 pm Absolutely correct - the Board of Directors does control a company's direction. AT&T's move is obviously one of firing the incompetent jerks they had on that board. In the business world it is not uncommon for one company to own pieces, even controlling interests, in others. But this does mean that the company holding the paper makes the rules. That's what Rico is all about. While you may own something, you cannot have a participating say in its operation if it provides a significant business advantage to the holding company. In essence, that's called price fixing and monopolizing and it's against federal law. The bottom line fact in this whole thing, no matter how much you wish to clutter the issue is this: Excite@Home (not Cox or AT&T) took $40Billion dollars and tossed it away on hopeless endeavors like the Excite portal and BlueMountain. If they'd made money, neither Cox nor AT&T would have seen it - separate issues. But since they realize that the PROFIT is made on the provisioning side of the coin, they are attempting to recoup their $39+Billion lost dollars from the providers. And that boils down to getting it from myself and other users. I'm not including you, because your arguments make it sound too much to me like you are sitting up in the Excite Board Room itself. You can continue to discuss the issue ... but you'll be talking to yourself so far as I'm concerned. One more time I repeat a very simple logic: FIX THE PROBLEM, and quit trying to FIX THE BLAME. |
· actions · 2001-Nov-30 11:38 pm · | |
