Web users left scrambling as a big D.S.L. network goes dark

Article Abstract:

AT&T purchased the assets, but not the customer accounts, of bankrupt NorthPoint Communications, which left over 100,00 DSL Internet service customers without a provider. The effect of NorthPoint's failure was magnified because many smaller ISP's had contracted to get DSL service from NorthPoint. NorthPoint's competitors Covad Communications and Rhythms NetConnections stand to gain customers but face financial problems based on high costs and low revenues.

Services, Digital Subscriber Line, DSL (Digital subscriber line), T, AT and T Corp., NorthPoint Communications Inc.

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SBC's bid for Prodigy shares is making a big investor even bigger

Article Abstract:

SBC Communications has offered to acquire the percent of Prodigy Communications it doesn't already own, at a premium of 54 percent above the current price. The deal has raised questions, because Carlos Slim Helu and his firms are Prodigy's main shareholders, and Mr. Slim is a board member of SBC.

Telecommunications, Telephone Communication, Telecommunications services industry, Telecommunications industry, Investments, AT&T Inc., SBC, Slim, Carlos, Prodigy Communications Corp., PRGY

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StarMedia will restate its financial results

Article Abstract:

Internet service provider StarMedia Network is planning to restate its first-half 2001 and year 2000 results. An internal accounting review has found improperly-reported revenue of $10 million by StarMedia's Mexican subsidiaries. The company also forced Chairman and founder Fernando Espuelas out and replaced him with J.P. Morgan Chase executive Susan Segal. CFO Steven J. Heller was forced to resign and general counsel Justin Macedonia was fired. New York-based StarMedia is now looked at as a cautionary example of properous-country media companies trying to compete in developing-country markets, in this case Latin America.

Financial management, Finance, Accounting and auditing, Appointments, resignations and dismissals, Company sales/revenue, Company sales and earnings, Company earnings/profit, Espuelas, Fernando, Segal, Susan, Heller, Steven J., Macedonia, Justin, StarMedia Network Inc.

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