acepoint
join:2000-11-04
Roslyn Heights, NY | OH CRAP
I don't feel like reading this whole thing, so in short what does it mean? I have already had two companies, Grapevine and Phoenix bail on me.
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napsteralternatives.net, mystocksuck.com |
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Frostbite
join:2000-06-13
Framingham, MA
clubs: | If the release can be believed, your line won't be arbitrarily shut down by Northpoint. Now, whether you have an ISP behind that line is another issue entirely.
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=C= |
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justin
Australian
join:1999-05-28
Brooklyn, NY
Host:
IPv6
Business Connectiv..
Home/Office setup ..
Console/Handheld g..
Console Tech
| reply to acepoint
They have bridging finance to keep operating [read: paying their staff and bandwidth bills], while they figure out what to do (or who to get bought by).
Your ISP probably cannot switch you to another CLEC for now since your service, if it exists, maybe the property of NorthPoint and protected under Chapter 11.
This is all guesswork.. hey, we're in the same boat: both home and the dslr office are northpoint lines  |
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bmk57
join:2000-08-28
New York, NY | I guess their skyrocketing stock...
is about to come plummeting back down to earth.
It doesn't seem like many people were fooled... |
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stray
join:2000-01-16
Warren, NJ
| Oh my! What a surprise!
NorthPoint (and other DSL CLECs) always had such an excellent business model.
1.) Nothing really proprietary in their product.
2.) Their main supplier is their main competitor (ILECs)
3.) They don't collect revenues from customers, but instead, allow 3rd parties of sometimes dubious financial strength to manage all aspects of the customer relationship.
4.) The only possible competitive advantage they have is price cutting.
5.) They are unable to inform customers whether they can deliver their product until months after the customers have ordered (and possibly committed to a long term contract, preventing those customers from signing with a competitor for the waiting interval)
6.) Despite being in the information technology business, they can't manage their own customer database for months on end.
I'm sure this list could be extended..... What the heck were these guys (and gals) thinking when they cooked up their business plan! |
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Anon | 30 Days and Name Your Price
No automatic stay for postpetition obligations. Postpetition obligations must be paid on current terms. ILECs will ask for deposits upfront for the monthly line charges. $25 million will last 30-45 days then its auction time at the court for the "open bid procedures".
Want a used DSLAM or some CO space?
====================================================
It all began with the DSL Doomsday Device...
"My conclusion was that this idea was not a practical deterrent, for reasons which, at this moment, must be all too obvious. It is not only possible - it is essential. That is the whole idea of this machine, you know. Deterrence is the art of producing in the mind of the enemy the fear to attack. And so, because of the automated and irrevocable decision-making process which rules out human meddling, the Doomsday Machine is terrifying. It's simple to understand. And completely credible and convincing." |
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fuzee3
join:2000-10-06
Bronx, NY | bleh
"NorthPoint existing customers should have continued service."
i have a pending installation from northpoint coming on the 22nd. they will come won't they? ;x that's all i'm worry about. |
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bclbob
join:2000-06-23
Oak Park, IL
clubs: | reply to acepoint
Re: OH CRAP
They could always auction on eBay? what are the chances that people that have large co-location facilities might be interested in taking on a large pre-built network like NorthPoint? |
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chris
focus
Premium
join:2000-08-13
Middletown, CT |  reply to fuzee3
Re: bleh
I'd be more worried about whether the thing stays up. |
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mdntblu
join:1999-09-30
Corona, CA
| Telocity
I guess Telocity is going to be getting more overloaded now if they get all the Northpoint users. I know Telocity hooks people up on Northpoint if the customer can't get a Phone Company but now I guess they will only have Rhythms and Phone Companies....
This is all too crazy for me.
--
Brad
»www.fscigroup.com |
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fuzee3
join:2000-10-06
Bronx, NY
| reply to chris
Re: bleh
i'm not worry about it because it might be good for me. end the 1 year contract with msn. ;x but all i want is to try msn for atleast 1 or 2 weeks to see if it's good or not. since the day i cancelled dsl from verizon, it have been hell for me. hate going online using dialup!L~K@U(*~&#()~ |
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TransitMan
Premium,MVM
join:2000-09-05
Dayton, OH
clubs:
 ·RoadRunner Cable
 ·Time Warner VOIP
·Earthlink TrueVoice
|  reply to justin
Re: OH CRAP
said by justin:
Your ISP probably cannot switch you to another CLEC for now since your service, if it exists, maybe the property of NorthPoint and protected under Chapter 11.
This is all guesswork.. hey, we're in the same boat: both home and the dslr office are northpoint lines
Justin, you are essentially correct. The lines are leased by Northpoint from the Telco's, and as such are protected property under the Bankruptcy Laws. All leases and all property owned by Northpoint, et. al. are subject to all conditions imposed by the court. Therefore, no person or entity may remove or dispose of anything belonging to Northpoint unless so granted by the courts.
Northpoint cannot dispose of any property or services unless granted by the court.
In order for such things to occur, a motion must be filed in the court of record, stating the reasons why such action be allowed.
For now, everyone should be alright. It behooves those that have Northpoint as their CLEC to stay up to date on their situation and that of their service.
--
MINDSPRING ADSL @ 6860 ft. from CO. 1.5mb(down)/384kb(up) |
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nascar24
join:2000-12-20
Sterling Heights, MI
| What happened to the other thread from today??
Some guy on here had just put his life savings into them in the last few weeks and he was very happy they were going up and he was making money and now he is left with Nothing just that quick! Several hours later! Anything internet right now is a toss up I had thought about putting a few dollars into them myself but this kind of stuff makes me stay away from the stock market.
[text was edited by author 2001-01-16 21:41:19] |
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bmk57
join:2000-08-28
New York, NY | Lets all hope he catches this thread before the opening bell tomorrow. |
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sporkme
drop the crantini and move it, sister
Premium,MVM
join:2000-07-01
Morristown, NJ | reply to stray
Re: Oh my! What a surprise!
About five of those points could be applied to such folks as Sprint and MCI back in the early days of LD competition. Stretch it a bit, and you can count 6.
C |
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justin
Australian
join:1999-05-28
Brooklyn, NY
Host:
IPv6
Business Connectiv..
Home/Office setup ..
Console/Handheld g..
Console Tech
| reply to nascar24
Re: What happened to the other thread from today??
Stock could be worth nothing: if there is an eventual fire sale, the corporate bond holders get first dibs on the proceeds and the stockholders get nothing.
However, if they are acquired or come out of Chapter 11 with a partner, the equity could still have some value.. who knows.. one thing for sure, NP management probably have a strong self-interest to protect here, as they all must be very long NPNT stock Its not going back to $10, but it might come out the other end worth a buck. |
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willardk
Mod 2000-03
join:1999-12-02
Jackson Heights, NY | taking bets
How much you wanna bet Verizon scoops them up at a bargain basement price....that will give them what they wanted to begin with and presto chango no more lawsuit.
Will |
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watson2037
join:2000-09-03
Sarasota, FL
| That would suck sooo much, you know what verizon offers for 39.95 a month 608/90 and most people only see 500/60 of that so there is no way in hell they will allow a company such as telocity to sell serive of 1500/1500 for the same price the sell there lines, that would simple be bad bussiness. This looks like the start of the dsl monoploy we all saw coming, telcos eat up the clecs and isp intill there all gone then charge 40 bucks a mont for service worth half that. Lets all just hope fixed wireless and or open cable access comes before the telcos ever scheem ever comes to be reality!!
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-Brett Catlin |
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stillok
@pacbell.n
| Our goal is to re-emerge from Chapter 11 as soon as possible with a strategic partner and on sound financial footing. By taking this action, we have given NorthPoint the time and resources we need to realistically restructure our business and build for a stronger future.
Let me assure you that filing for Chapter 11 protection does not mean that NorthPoint has gone out of business. NorthPoint is continuing to provide outstanding service to our customers, pursue a successful outcome to the structured sale process and execute on a business plan that will allow us to optimize our resources. The purpose of our filing is to use the "breathing room" Chapter 11 provides to sign an agreement with a financially sound strategic partner who is interested in our world-class network, our skilled and dedicated employees and our attractive customer base. We expect to do just that. |
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dobie0
join:2000-06-22
Englewood, CO | Microsoft
Wasn't there a post about Microsoft buying northpoint a while back? It wouldn't very look good for MSN's dsl service to go under. |
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