C|Net is reporting that AT&T has dropped its bid for Excite@Home's cable assets. Excite@Home is now due to officially shut down in February of next year.
AT&T's move essentially snuffs the brightest star of the late 1990s Internet stock boom and means the transfer of millions of customers of the 3-year-old broadband network to established cable companies.You know, it's almost worth going to school another year just for the $5/month, hassle-free broadband. Almost.
"Excite@Home will be moving from an asset purchase with AT&T to transitioning services" to the cable companies with which Excite@Home partnered, a source close to the broadband company said.
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|10. dkanter - $100|
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