At Home files for bankruptcy; will sell a unit

Article Abstract:

Internet access provider At Home has filed for bankruptcy and is selling its broadband business to AT&T, which owns 23% of At Home, for $307 million. In the wake of the high technology sector's free fall and great losses from online ads, At Home's chief executive Patti Hart did assure customers that service would continue as the company restructures. Cox Communications and AT&T will continue offering broadband service to At Home's customers. At Home's other mistake might have been an optimism over growth of the cable access business. Houlihan Lokey Howard & Zukin will handle the bidding for At Home's assets.

Telephone and telegraph apparatus, Printed Circuit Assembly (Electronic Assembly) Manufacturing, Wired Telecommunications Carriers, Telephone Communications, Modems, 2401-4800 bps, Telephone communications, exc. radio, Use of Funds, Management, Computer network equipment industry, Network hardware industry, Cases, Telecommunications services industry, Telecommunications industry, Investments, T, Telephone services, Broadband modems, AT and T Corp., Bankruptcy, Company bankruptcy, Hart, Patti

---

U.S. inquiry is under way on online music business

Article Abstract:

The Justice Department Antitrust Division has sent subpoenas to recording companies for an investigation into anticompetitive actions within the online market. Major record companies have come together to create Pressplay and MusicNet, online music services. 5 of the companies control 80% of the U.S. market. Napster praised the Justice Dept. and other critics feel the probe is welcome considering how easily the major companies have already begun to corner the market on Internet music distribution.

Government regulation (cont), On-Line Information Services, Videotex & Teletext, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Consumer Audio Recordings, Integrated Record Production/Distribution, Prerecorded records and tapes, Antitrust Law, Laws, regulations and rules, Online services, Internet services, Investigations, Government regulation, Licensing agreements, Sound recording industry, Recording industry, Sound recordings, United States. Department of Justice. Antitrust Division, Recording Industry Association of America, Napster Inc., Online music, Pressplay Inc., MusicNet Inc.

---

At Home Corp. dealt blow as auditors doubt future

Article Abstract:

At Home Corp. filed papers with the Securities and Exchange commission report that auditors have doubt about the Internet concern's financial viability. Excite@Home said it did not have the requirements needed to have a continued listing on the Nasdaq. Excite@Home's stock dropped to only 49 cents per share.

Securities prices, Economic policy, Company sales and earnings, Company losses, United States. Securities and Exchange Commission

Similar abstracts:

• Abstracts: Where death is final, and caution is a must. Fly in a retro world under Crimson Skies. A horror movie adds shudders to a shooter
• Abstracts: Its time for Sabia to make up his mind on Bell Globemedia. SARS ground Imax bosses. Bell Globemedia hires industry veteran Shea
• Abstracts: Airlines lobby for $24 billion bailout. Contractors might pick up more plane maintenance. US Airways might seek other suitors
• Abstracts: Softwood duty will aggravate U.S. slump, Pettigrew warns. Made in America, Toyota style. GM invests in hydrogen venture
• Abstracts: Lumber prices surge on fire woes. U.S. delivers on its lumber threat. Beetles worsen B.C. lumber woes

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.