AT&T@Home Customers Shut Off
from the wonderful dept
Okay, so after discovering that my cable modem wasn’t working this morning, I spent the day far (far) away from a computer, and just got back to read all the news about what’s going on. First, Excite@Home denied they had shut anyone off, despite massive reports of outages. Then, AT&T and Excite@Home finally admitted, that, yeah, they had shut off the network and it will take anywhere from 2 days to “weeks” to get people back online. At this point, I’d also like to post an article from August where a “cable analyst” said this would never happen. His quote: “They’re not going to wake up and find they don’t have cable broadband anymore.” Funny, that’s exactly what happened to me. Of course, my prediction is that this will turn out to be a huge mess for the creditors who forced this to happen. If they had just accepted AT&T’s offer, then people would still be happy. Instead, you have a few million extremely pissed off customers – some of whom won’t come back. They’ve single-handedly hurt the value of the network they were claiming was worth so much more. If I were AT&T, I would pull my $307 million off the table just to screw those creditors. AT&T is building their own network anyway, so why not leave those creditors with nothing. It’s not like any other bidder has come along to offer more.