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." |
|
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. |
|
chris
focus
Premium
join:2000-08-13
Middletown, CT |  I'd be more worried about whether the thing stays up. |
|
fuzee3
join:2000-10-06
Bronx, NY
| 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(*~&#()~ |
|
cranialwiz
join:2000-10-03
Wayne, PA
| reply to Anon
Re: 30 Days and Name Your Price
This is a free market economy in the US.
If Northpoint hadn't allowed Flashcom to run up such a huge debt that they claim called an initial cash shortfall (as they claim), Verizon would not have had the grounds to cancell their agreement in the first place.
I for one place the blame squarely on Northpoint's shoulders. Poorly managed businesses can and do fail all the time.
I would expect the outcome fo Northpoint's chapter 11 is that the business will experience a court-ordered sale of pennies on the dollar to a group who has less grandiose plans and will provide their partnered ISP's with a bit of guidance and the wisdom to cut their losses when an ISP fails to meet their finacial responibilities rather than turn their heads and just count how many DSL lines they have installed.
IMHO that is. |
|
