jydub
join:2000-10-17
Nashua, NH
| Telocity?
What about Telocity. The reports for them are coming in with more and more in the mixed and horror side. Is their tech support getting overtaxed? They've got this massive campaign going on with mailings and advertisements. They're another DSL provider with a great IPO (last spring?) and then suffered a stock price tank, down to 2 bucks. It's seems they're surviving, but I hear very little about them. BTW, They're my provider (shared adsl 640/90 through Verizon) and I've found them very good. Always there, 99% uptime. I used tech support a couple times (via e-mail) and the response was pretty lame. |
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DobleD
@telocity.com
| Telocity is a decent provider overall. They provide absolutely the best (although proprietary) modems, and don't have restrictions of home networks/web servers as some ISP's choose to do. AND they pay their bills (probably Rhythms crown jewel customer).
Despite loosing money, they are actually meeting their targets- the losses were planned to accomidate their massive growth projections. The difference is they can't sell their reserve stock at $50 into the market anymore to cover losses and provide operating cash. So the whole show for investors (ultimately customers too) is waiting to see if they can line up funding by March or April 2001- their projected cash-out date. |
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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 jydub
I remembered Telocity last night and added it this morning. Indeed, their cash-out date looks uncomfortably close. I can't imagine anyone getting fresh funding then. They would have to merge/be acquired/sell out or do something else drastic to continue.
Thats just my opinion from looking at the 10-Q though, as they say on the financial boards, do your own DD. |
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Jestocost
The Poodle Bites.
join:2000-10-19
Saint Louis, MO
| Yep. With $75MM cash on hand and a loss of $38MM in the most recent quarter, it doesn't take much to figure out that there's potential trouble on the horizon. Salomon Smith Barney cited concerns over Telocity's viability in the downgrade on Rhythms that they issued Monday. According to SSB, Telocity and Flashcom account for 33 percent of Rhythms installed lines and 40 percent of their 3Q00 new lines. |
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tommy3d
join:2000-12-05
Fort Lauderdale, FL
|  reply to jydub
Telocity is the worst. I thought Bellsouth was bad, but Telocity is the worst company that I have ever dealt with in any field. Their tech support will lie to you. Their supervisors (haha) will lie to you. I have been connected with them for about a month, and I have been down EVERY DAY. It took three weeks for them to transfer my domain to their DNS servers. I am in the process of changing carriers. The only reason I am able to write this is because I am at work. My home telocity is DOWN!!!!! |
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mdntblu
join:1999-09-30
Corona, CA | reply to justin
Isn't Telocity backed by NBC? Shouldn't that help? |
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mdntblu
join:1999-09-30
Corona, CA
| reply to tommy3d
I think it has to do with other things cause my friend signed up for Telocity and he had the best installation and couldn't be happier. He signed up and in 2 weeks they came out and installed his line and told him he would get at least an 800k connection and then they said he'd get his modem in like 2 weeks and it came like 4 days later. Installed it via USB and worked like a charm. 1 minor problem at the beginning of the installation of the modem but tech support cleared all that up. Now he's happy and has had service for about 3 weeks at speeds around 800k.
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Brad
»www.fscigroup.com |
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Jestocost
The Poodle Bites.
join:2000-10-19
Saint Louis, MO
| reply to mdntblu
NBC, NBCi and affiliated companies invested about $70 million in cash and advertising (TV and online) for a 20 percent stake in Telocity. At today's prices, that stake is worth about $32 million. Absent anything that we don't know about, I'd find it difficult to believe that NBC would pour any more cash into the company. |
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