Shawn (GEcom)
09-29-2001, 01:45 AM
http://news.cnet.com/news/0-1004-200-7339605.html?tag=tp_pr
"Excite@Home, the leading provider of broadband Internet access, said Friday that it will file for Chapter 11 bankruptcy protection and sell its high-speed network to AT&T for $307 million in cash.
With the filing, Excite@Home becomes the latest Net highflier to seek bankruptcy court protection while it reorganizes its business. Just this week, Exodus Communications, a provider of Web-hosting services to thousands of companies, also filed for bankruptcy."
"Excite@Home, the leading provider of broadband Internet access, said Friday that it will file for Chapter 11 bankruptcy protection and sell its high-speed network to AT&T for $307 million in cash.
With the filing, Excite@Home becomes the latest Net highflier to seek bankruptcy court protection while it reorganizes its business. Just this week, Exodus Communications, a provider of Web-hosting services to thousands of companies, also filed for bankruptcy."