[geeks] Re: [rescue] Boy, am I glad I didn't switch to Cable modem service...

[Ken Hansen]

Well, $1B debt doesn't include any other obligations (like contracts for
office space, employee severence packages, etc.), this is really what they
owe "on their credit cards."

The $317M doesn't relate to much, maybe it is what AT&T has on hand
(cash)... ;^)

Ken

----- Original Message -----
From: "Kurt Huhn" <kurt at k-huhn.com>
To: <geeks at sunhelp.org>
Sent: Sunday, December 02, 2001 2:40 PM
Subject: Re: [geeks] Re: [rescue] Boy, am I glad I didn't switch to Cable
modem service...


> > > customers.  Nobody at @home want to let their
> > > company slip quietly into the
> > > long goodnight - except the creditors (apparently).
> >
> > Well, they are owed $1B, and the previous attempts to
> > sell @Home for $317M do not measure up to their
> > hopes...
> >
> > Thirty cents on the dollar is about thirty cents
> > better than nothing, but they want more...
> >
>
> I don't know what the other plan would be.  I mean, if AT&T is willing to
> pay $.30 on the dollar, that would be better than what the creditors would
> get if they dismantled the company and sold it piecemeal.  I would think.
>
> Then again, the creditors wouldn't be "getting their pound of flesh" if
they
> let AT&T buy @home...
>
> Kurt
> _______________________________________________
> GEEKS:  http://www.sunhelp.org/mailman/listinfo/geeks


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