What Does Possible Excite@Home Bankruptcy Mean to Comcast Users?
The New York Times is the latest media outlet to report on the warning that Excite@Home may not be able to continue as a "going concern". This disclosure was made in a recent filing with the Securities and Exchange Commission. (Of course, a free registration is required for access to stories on nytimes.com.)
We are concerned about this because CTDATA is in the process of getting a broadband connection in Lawrenceville from Comcast Business Communications. Comcast is a member of the @Home Consortium, and uses its facilities extensively in providing Internet services.
Update on August 22: Just to confuse things a bit more, reports indicate that Excite@Home has fired the audit firm responsible for the filing in question (Ernst & Young).
Update on November 28: We have now done several stories on the impact of various aspects of Excite's bankruptcy on Comcast. To see other stories, search CTDATA for Comcast Excite.