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Comments on news posted 2001-03-22 11:48:11: An insider claims to us the likely winning bidder is AT&T (we reported them as a finalist on March 6th). The kicker is that they want the HARD assets only - network gear etc, but have no interest in the subscriber base. ..

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nickb0
Still Waiting For My Flashcom Rebates
join:1999-07-10
New York, NY

nickb0

Member

It's really over. Northpoint is dead

Press Release

March 22, 2001

On January 16, 2001, in the wake of Verizon’s unexpected termination of our merger agreement, NorthPoint Communications filed for the protection of the United States Bankruptcy Court. We did this to ensure that we were able to provide uninterrupted service to you while we began a restructuring process and sought new sources of financing, including strategic partnerships, that would allow the company to continue to provide services as a going concern. Immediately upon filing for bankruptcy protection, we commenced a sale process under the supervision of the bankruptcy court in order to find a buyer for our company. At that time we also obtained debtor-in-possession financing to finance our operations through the sale process.

At this point it is clear that the sale process to which we have dedicated much effort has not yielded long term financing, or a strategic partnership that will allow NorthPoint to continue its current level of operations. As a result, the cessation of services to our customers and the complete shut down of our network is imminent. We will take the following steps: 1) effective immediately all pending orders will be held until further notice and 2) effective March 23, 2001 we will no longer accept new orders and will cease all new service installations. We urge you to take immediate action to secure alternate services for your needs.

We are currently negotiating with a group of our ISP partners for interim funding to support the migration of existing subscribers to alternate DSL service providers. Additional partners are welcome to join this discussion in order to facilitate the migration of their subscribers. Please call your NorthPoint account representative for more information. If we are unable to reach an agreement with our partners for interim funding to support the subscriber migration, we will immediately begin the shut down of our network. We will inform you of the outcome of these negotiations and the time frame for the eventual network shutdown as soon as information is available. We expect resolution within the next few days.

We are disappointed and regret that we are unable to continue to provide you with services. I thank you for your past business and for your support of NorthPoint during these last few difficult months.

Sincerely,

Elizabeth Fetter

President and Chief Executive Officer

System

Anon

Re: It's really over. Northpoint is dead

Also, you can also read about the latest here, »biz.yahoo.com/prnews/010 ··· 056.html

Ding dong, the wicked witch is dead!

ArMurphy

DeeC
Premium Member
join:2000-09-01
the world

DeeC

Premium Member

Re: It's really over. Northpoint is dead

It's Ding Dong, the wicked witch is gone.

It's suppose to rhyme....LOL.

Something to laugh about, heh Considering I'm losing DSL anyday now! ;(((

Dee
DeeC

DeeC to nickb0

Premium Member

to nickb0
Damn them all to hell ;( I am so pissed, especially at AT&T for screwing 81,000 people without blinking an eye, and for the pathetic judge that allowed it.

Dee

cranialwiz
join:2000-10-03
Wayne, PA

cranialwiz to nickb0

Member

to nickb0
»biz.yahoo.com/rf/010322/ ··· 8_2.html

135$M Oy! Such a deal!

AR

join:2000-09-21
Toronto, ON

AR

NP IS DEAD, check out www.northpoint.net

Check for press release.March 22, 2001

On January 16, 2001, in the wake of Verizon’s unexpected termination of our merger agreement, NorthPoint Communications filed for the protection of the United States Bankruptcy Court. We did this to ensure that we were able to provide uninterrupted service to you while we began a restructuring process and sought new sources of financing, including strategic partnerships, that would allow the company to continue to provide services as a going concern. Immediately upon filing for bankruptcy protection, we commenced a sale process under the supervision of the bankruptcy court in order to find a buyer for our company. At that time we also obtained debtor-in-possession financing to finance our operations through the sale process.

At this point it is clear that the sale process to which we have dedicated much effort has not yielded long term financing, or a strategic partnership that will allow NorthPoint to continue its current level of operations. As a result, the cessation of services to our customers and the complete shut down of our network is imminent. We will take the following steps: 1) effective immediately all pending orders will be held until further notice and 2) effective March 23, 2001 we will no longer accept new orders and will cease all new service installations. We urge you to take immediate action to secure alternate services for your needs.

We are currently negotiating with a group of our ISP partners for interim funding to support the migration of existing subscribers to alternate DSL service providers. Additional partners are welcome to join this discussion in order to facilitate the migration of their subscribers. Please call your NorthPoint account representative for more information. If we are unable to reach an agreement with our partners for interim funding to support the subscriber migration, we will immediately begin the shut down of our network. We will inform you of the outcome of these negotiations and the time frame for the eventual network shutdown as soon as information is available. We expect resolution within the next few days.

We are disappointed and regret that we are unable to continue to provide you with services. I thank you for your past business and for your support of NorthPoint during these last few difficult months.

Sincerely,

Elizabeth Fetter

President and Chief Executive Officer

[text was edited by author 2001-03-22 18:55:34]

XXXTTTYYY
@ev1.net

XXXTTTYYY

Anon

Northpoint Press Release


Datek Online. Apply NowRelated Quotes

NPNTQ.OB
0.14
-0.01

delayed 20 mins - disclaimer

Thursday March 22, 6:41 pm Eastern Time
Press Release
SOURCE: NorthPoint Communications
NorthPoint Communications Sells Assets to AT&T
EMERYVILLE, Calif., March 22 /PRNewswire/ -- NorthPoint Communications (OTC Bulletin Board: NPNTQ - news) announced today that the United States Bankruptcy Court approved the sale of substantially all of its assets to AT&T for a purchase price of $135 million. Pending regulatory approval, the transaction is expected to close within 60 days.

Funding remains available to wind down NorthPoint's operations. The company will take steps to preserve cash pending the close of the asset sale, which include workforce reductions and the imminent termination of network services to customers.

Included in the asset acquisition are NorthPoint's co-location arrangements nationwide, certain network equipment, systems and support software and related assets. The net purchase price will be applied in its entirety to satisfy part of the outstanding claims of the company's senior, secured creditors.

NorthPoint will continue to liquidate remaining assets to raise cash. Assets excluded from the AT&T acquisition include certain tangible and intangible network, office and related assets, customer contracts as well as NorthPoint's pending claims against Verizon arising from to Verizon's termination of the two companies' merger agreement last year.

NorthPoint was represented by Houlihan Lokey Howard and Zukin in this transaction.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release that are not historical facts may be deemed to contain forward-looking statements. Such statements are indicated by words or phrases such as ``anticipate,'' ``estimate,'' ``projects,'' ``believes,'' ``intends,'' ``expects'' and similar words and phrases. Actual results may differ materially from those expressed or implied in any forward-looking statement as a result of certain risks and uncertainties. Some of these risks and uncertainties include, without limitation: NorthPoint's ability to raise additional capital, NorthPoint's dependence on strategic third parties to market and resell its services, intense competition for NorthPoint's service offerings, dependence on growth in demand for DSL-based services and other economic, business, competitive and/or regulatory risks and uncertainties detailed in the company's Securities and Exchange Commission filings. Prospective investors are cautioned not to place undue reliance on such forward-looking statements. The Company disclaims any obligation to update any of the forward-looking statements contained herein to reflect future events or developments.

SOURCE: NorthPoint Communications

Mike
Mod
join:2000-09-17
Pittsburgh, PA

Mike

Mod

Oh no!

Who else offers 784k SDSL service for $50 a month? HA! This is a sad day for the internet in general. I will hold AT&T responsible forever.

DeeC
Premium Member
join:2000-09-01
the world

DeeC

Premium Member

Re: Oh no!

Make that TWO of us!!!!

;( Dee

HouseHome
There's Nothing Like Home
join:2000-10-25
Silver Spring, MD

HouseHome to Mike

Member

to Mike
Hi Mike

Don't hold AT&T responsible. Hold the dummies who ran Northpoint into the ground responsible. I would have loved to see their business plan, assuming they had a written one. Oh well, this is old news and the only thing to do is to look for an alternative, if there is one.

Peace

Chipinphilly
@phoenixdsl.net

Chipinphilly

Anon

WE NEED A PETITION AND A WEBSITE!

People, people. Listen up for a second.

We need to communicate to the judge holding the bankruptcy proceedings just how vital it is to the interests of approximately 80,000 DSL subscribers that any settlement by NorthPoint, its creditors, and a potential purchaser make specific plans to address the subscriber base as well as the physical assets of NorthPoint. I don't know if this is possible under BK codes or not, but I'm afraid that AT&T (as it now appears is the winner) is going to shove six inches of denim up our collective butts if they get the opportunity.

Firstly, this purchase smacks very strongly of near-monopoly conditions. If it isn't close to a monopoly, AT&T will make it so by low-balling their initial offering to access-starved subscribers.

Secondly, we are entering into unusual ground here, since the bankruptcy of NorthPoint affects not only the subscriber base, but all of the ISPs as well. Settling the bankruptcy without considering everyone else in the picture could have a disastrous effect on the future of high-speed internet access for the common man, not to mention what it would do to small and medium-sized businesses that have grown dependent on such access.

Thirdly, the pressure that AT&T could bring to bear on Covad and the other still-independent CLECs would be horrendous for fair competition in the marketplace. We would lose, the CLECs would lose, and AT&T would line its pockets.

Fourthly, judicial intromission in this BK case would serve to further the interests of subscribers in allowing the flow of information and ideas to consider unfettered by any strategic decisions undertaken by a monolithic company. Despite appearances to the contrary, we don't all use our DSL access for downloading .mp3 files and pornography.

Please, we need a petition, or an individual effort by email, and a website to broadcast our concerns. Even if you are unaffected by this because of your remote location or dependence on another CLEC, the writing is on the wall if we are all to disconnected in one fell swoop.

Please respond here or to me at taxi____driver@hotmail.com to share your concerns and ideas.

Thank you.

- Chip (in Philly)
System

Anon

Re: WE NEED A PETITION AND A WEBSITE!

said by Chipinphilly:
People, people. Listen up for a second.

We need to communicate to the judge holding the bankruptcy proceedings just how vital it is to the interests of approximately 80,000 DSL subscribers that any settlement by NorthPoint, its creditors, and a potential purchaser make specific plans to address the subscriber base as well as the physical assets of NorthPoint. I don't know if this is possible under BK codes or not, but I'm afraid that AT&T (as it now appears is the winner) is going to shove six inches of denim up our collective butts if they get the opportunity.

Firstly, this purchase smacks very strongly of near-monopoly conditions. If it isn't close to a monopoly, AT&T will make it so by low-balling their initial offering to access-starved subscribers.

Secondly, we are entering into unusual ground here, since the bankruptcy of NorthPoint affects not only the subscriber base, but all of the ISPs as well. Settling the bankruptcy without considering everyone else in the picture could have a disastrous effect on the future of high-speed internet access for the common man, not to mention what it would do to small and medium-sized businesses that have grown dependent on such access.

Thirdly, the pressure that AT&T could bring to bear on Covad and the other still-independent CLECs would be horrendous for fair competition in the marketplace. We would lose, the CLECs would lose, and AT&T would line its pockets.

Fourthly, judicial intromission in this BK case would serve to further the interests of subscribers in allowing the flow of information and ideas to consider unfettered by any strategic decisions undertaken by a monolithic company. Despite appearances to the contrary, we don't all use our DSL access for downloading .mp3 files and pornography.

Please, we need a petition, or an individual effort by email, and a website to broadcast our concerns. Even if you are unaffected by this because of your remote location or dependence on another CLEC, the writing is on the wall if we are all to disconnected in one fell swoop.

Please respond here or to me at taxi____driver@hotmail.com to share your concerns and ideas.

Thank you.

- Chip (in Philly)
sorry bro that wont make a difference

Archvile2
join:2000-10-22
Natick, MA

Archvile2 to Chipinphilly

Member

to Chipinphilly
Yeah, right. 80,000 signatures can't convince a near-monopoly to do the right thing. Hell, a court order can barely convince them. Why even try?

Zyanite
join:2000-12-05
Santa Clarita, CA

Zyanite to Chipinphilly

Member

to Chipinphilly
The bankruptcy court acts not in the best interests of the company, nor its customers. The bankruptcy court acts in the best interests of the creditors. In chapter 11 a company has a shelter to reorganize (if possible) and present a plan for repaying as much debt as possible, and if possible, negotiate a settlement with creditors.

But the bottom line is, the creditors want money, and if the high bidder in a public auction isn't interested in some portion of the company's assets, be that a customer base, or whatever, then the court is under no obligation to force the high bidder to assume those assets.

AT&T for whatever reason they want bid the most money, for hard assets only, and that's the best deal the creditors are going to get. Unless your petition can come up with 136 million dollars (and even then it won't matter since the overbid deadline has passed), then nothing on it will have any bearing with the court.

In other words, in the eye of the law, 81000 "soft" assets are irrelevant, and have no bearing on the sale of Northpoint.

HouseHome
There's Nothing Like Home
join:2000-10-25
Silver Spring, MD

HouseHome

Member

Re: WE NEED A PETITION AND A WEBSITE!

Hi Zyanite

You are exactly right! I have a legal background and what you say is on the money (no pun intended).

Northpoint subscribers have no bearing on this bankruptcy matter. The court could care less about them.

Peace
Anon
Anon

Anon to Chipinphilly

Anon

to Chipinphilly
You could use my site if you wish. Just email me and let me know: ocintron@omarnyc.com. I guess I could post whatever you have in mind for as long as I can keep this DSL line up and running. My site name is www.omarnyc.com.

DSLTech5
join:2000-12-30
San Jose, CA

DSLTech5 to Chipinphilly

Member

to Chipinphilly
The only resolution to this is for us to all find our Central Offices and go blow up the DSLAMs that are owned by Northpoint.

Then we'll target AT&T business offices with manure truck bombs and so on.

OH wait..I have pacbell DSL. Ah well, it still pisses me off.

Mad-NYC
@eldercampus.com

Mad-NYC

Anon

Help with getting T1 in New York

Anyone know of a reliable ISP in NY offering T1's at an affordable price?

Any pointers appreciated.

Sal
pverzoni
join:2000-06-07
New York, NY

pverzoni

Member

Re: Help with getting T1 in New York

Sal, I see you're not the only one going back to the good old T1!

PV

justin
..needs sleep
Mod
join:1999-05-28
2031

justin to Mad-NYC

Mod

to Mad-NYC
said by Mad-NYC:
offering T1's at an affordable price?
oxymoron alert.

sturat
@optonline.net

sturat to Mad-NYC

Anon

to Mad-NYC
Try IDT. You can haggle to 500$

Telredor
join:2000-07-04
Beverly Hills, CA

Telredor

Member

Re: Help with getting T1 in New York

500 per day?
[text was edited by author 2001-03-22 23:24:56]

dnoyeB
Ferrous Phallus
join:2000-10-09
Southfield, MI

dnoyeB

Member

What happens to my money and this modem???

What happens to my money since I have 6 months left of service?

What about this sdsl modem?
Donh0
join:2000-12-14
Gilroy, CA

Donh0

Member

Re: What happens to my money and this modem???

Hey, join the club. When PSN died, I lost around $300+ with almost 6 months left on my contract. I'll never see the money and neither will you. Never sign a long-term contract for DSL service. You never know how long they will be around.

-Don
[text was edited by author 2001-03-22 20:26:30]

dnoyeB
Ferrous Phallus
join:2000-10-09
Southfield, MI

dnoyeB

Member

Re: What happens to my money and this modem???

So I can hok this modem on ebay then? i dam so aint givin it back. If IBS comes after it, I will file bankruptsy as they did so I can keep it...
Donh0
join:2000-12-14
Gilroy, CA

Donh0

Member

Re: What happens to my money and this modem???

Didn't they just change the bankruptcy laws to make it harder to file?. Good luck even doing that.

cpumaster
@CBA.UH.EDU

cpumaster

Anon

Re: What happens to my money and this modem???

supposedly, the bankruptcy law doesn't kick in at least six months from now, that's why you'll see a sudden spike in the number of people filing for bankrupcy for the next six months....

Mike
Mod
join:2000-09-17
Pittsburgh, PA

Mike to dnoyeB

Mod

to dnoyeB
Don't worry, I have 1 from PSN, and 1 from Stargate. They said I can't use the PSN modem (I'm using it right now.. lol) so they made me buy another one. I'll be up to 3 modems when this is all over with. I'll probably have to spend another $200 to buy another modem since I doubt anyone even uses CopperRocket technology. I find them quite useful as an extra nick-nack to collect dust or decorate by hanging various items from my desk.

SRF26
join:2000-04-03
Jamaica, NY

SRF26

Member

Re: What happens to my money and this modem???

Did you folks have to pay up front as part of your long term contracts ? I am 15 months into a 24 month contract, but pay monthly. As soon as the signal goes away, I am contacting my credit card company. I've checked around and there are no other SDSL providers in my CO so there is no way the ISP can switch me to another service. Thankfully I was able to get RR cable installed in 12/00.

Good luck...JL
Donh0
join:2000-12-14
Gilroy, CA

Donh0

Member

Re: What happens to my money and this modem???

I paid up front and when PSN died, it was too late to dispute the charges on my credit card. It was around 4 months since I paid the charge and the cc company told me that they could not help.

Never ever prepay and sign-up for long-term contract for any service.

Good Ol Dan
join:2000-05-15
Naples, FL

Good Ol Dan to Mike

Member

to Mike
Gee... maybe I can start a DSL modem collection to go along with all of the obsolete cellular phones that I have in the drawer.

Dan

jseymour8
join:2000-07-29

jseymour8 to dnoyeB

Member

to dnoyeB

What about this sdsl modem?

It depends. If your ISP can switch you to a Rhythms or New Edge DSLAM: nothing. May not even require any changes to it. If you have to be moved to Covad: you'll need a new one.

•••••••••••••••

zxzdevilzxz
@216.40.x.x

zxzdevilzxz to dnoyeB

Anon

to dnoyeB
wanna read something that i found rather intresting id liek to see any isp beat this »www.ev1dsl.net thats probly one of the most cordanated thigns ive ever seen a isp do.......

ohhh and no most you guys are wasted and rythems wont work with northpoint sdsl it runs a funky gauge on the line and differnt voltage since they use copper mountain dslams and ciscos wich have been suped up so much that the gauge of your line is special to match it.....

DSL TECH TIER 3 ROUTER CONFIGS

trust me on this one i wont tell you what company i work for but if you guess your wrong kus its a laugh anyways though more then likely we all ole npc folks wont have our phat lines anymore

RoKmAn0
join:2000-09-09
East Elmhurst, NY

RoKmAn0

Member

Re: What happens to my money and this modem???

dude, you sound funny.

MENINBLK
Premium Member
join:2000-01-25
Yonkers, NY

MENINBLK to zxzdevilzxz

Premium Member

to zxzdevilzxz
If what you are saying is true, then why don't you REGISTER here before you start quoting ??? What do you have to hide ?

Why don;t you provide us with some links that share your opinion ?? HUH ? Can't find any ?

My ISP says that my Netopia R7100C WILL work, on my FAT, DEDICATED LINE, with Rhythms.

So what have YOU been smoking ???

Pete...
[text was edited by author 2001-03-23 09:27:06]

cpumaster
@CBA.UH.EDU

cpumaster

Anon

What will happen to Houston

I live in Houston and has DSL line provided by NP, through EV1, now that NP is dead, I wonder if EV1 will still provide any DSL, and if not, who should I go to? I'm hooked on DSL now, can't imagine going back to that slow 56k speed no more heeeeelllllppp
what is the current rate for personal DSL? I paid $32 /month for mine, got SDSL with 600kbps up/ 600 kbps down
.....

dsl_boy1
join:2000-11-21

dsl_boy1

Member

Re: What will happen to Houston

Check out »www.ev1dsl.net . You can give the "Emergency Response Team" a call.

dnoyeB
Ferrous Phallus
join:2000-10-09
Southfield, MI

dnoyeB

Member

no news coverage.

I havent seen any TV news coverage on this thing. Nor have I seen it on theRegister. Anyone else seen any news?

truthfully 81,000 is a very small number. it shouldnt be this hard.

dsl_boy1
join:2000-11-21

dsl_boy1

Member

The hangover

As we spend the next few days picking apart of the whole debacle of predicting Northpoint's future (and special kudos to those of you who last month claimed that Northpoint's subscriber list would be their leading asset in a sale), we should not neglect to mention "The Deal" which fabulously overestimated the value of a Northpoint auction as $200 million to $400 million (see »Northpoint Heads to Auction...(and to court) ). As we all know now, AT&T picked up that equipment for a rather cheap $135 million.
[text was edited by author 2001-03-22 21:36:58]

Chipinphilly
@phoenixdsl.net

Chipinphilly

Anon

Re: The hangover

Since my petiton idea is getting trashed, why not ask Bill to buy AT&T?

Uncle Bill, Uncle Bill...
System

Anon

you guys think you got it bad????

its not so bad guys! hey ive been working for a sub contractor of northpoint for over a year now and i guess as of misnight tonight im out of a job. then again im not sure, cause no one has contacted me yet! hey do any of you people out there know where i can find a new job like now? e-mail me
chippedham75@yahoo.com
thanks
and good luck finding a new dsl provider!!!

Chipinphilly
@phoenixdsl.net

Chipinphilly

Anon

Let 'em know how you feel...

it's better than taking it lying down.

June Rochford - AT&T
908-221-8165 (office)
888-602-5416 (pager)

jrochford@att.com

Mark Siegel - AT&T
908-221-8422 (office)

masiegel@att.com
Chipinphilly

Chipinphilly

Anon

Sample Letter

Dear AT&T Employee:

Please consider the future connectivity of 81,000 NorthPoint subscribers in your decision to acquire NorthPoint's physical assets and pass up on the subscriber base. Clicking the link below may give you some idea of the furor that has been created.

»/forum ··· ode=shut

Thank you.

Sincerely,
eynlai8
join:2001-01-02
Temple City, CA

eynlai8 to Chipinphilly

Member

to Chipinphilly

Re: Let 'em know how you feel...

P.S. I'm canceling my long distance service with you and cutting up my AT&T Universal MasterCard. I will no longer do business with you in the future. Have a nice day.

justin
..needs sleep
Mod
join:1999-05-28
2031

justin

Mod

goodbye 216.35.61.xxx I knew thee well

Its all very sad, I wonder who megapath will allocate my IP address to after its gone?

What few are talking about are the employees of NorthPoint who will lose their jobs, that kind of puts my dying IP address in perspective.

••••••••••••••••••••••••
justin

justin

Mod

CNET wimp out..

»dailynews.yahoo.com/h/cn ··· s_1.html

What a cop out. A quick read makes it sound like only a few customers will suffer, perhaps a few employees will lose jobs, and AT&T might pick em up anyway all hail to the new King.

CNET afraid of upsetting AT&T? not asking the hard questions? like don't you give a toss about small businesses who are hooked up to the equipment that you just bought?

•••••••

plow5
join:2000-12-07
Strongsville, OH

plow5

Member

DSL, contracts, and other questions

hello, since at&t now owns northpoint, they may work with the large isps, but what about the smaller ones? I Have ibs Networks and they dont have the huge customer base that telocity or megapath has... What I am wondering is, Since northpoint died, will we have an option to bail out of our contracts with no fees? I would much rather go with covad than be on ibs via rhythms.

SRF26
join:2000-04-03
Jamaica, NY

SRF26

Member

Re: DSL, contracts, and other questions

If you are in a long term service contract:

Best Case Option:
Your ISP will attempt to move you to another CLEC if one exist in your CO & they are a reseller. If the new CLEC uses the same type of DSLAM as NP, it should be an easy migration. If the DSLAM is different, they might have to do a new install. There might be a service fee associated with either option.

Not Too Bad Case:
If your CO has another CLEC, but your ISP is not a reseller, your contract is terminated with no penalties because the ISP cannot provide the services you contracted for. You are free to sign up with the LEC or another ISP who resells the CLEC services installed in your CO.

Worse Case:
There are no other CLECs or LEC in your CO = NO DSL. Once again, your contract is terminated without penalty because services cannot be provided. This is what I face, but I had already installed RR cable as a back up.

Good luck....JL

toddster7
join:2000-12-01
Columbus, OH

toddster7

Member

Well MSN is washing it's hands of it's users....

»Official Statement from Microsoft

i saw this post over in the MSN forum, looks like i will be calling Road Runner tomorrow;)

it was fairly good while it lasted, but i am going to cable with all of the craziness in the DSL market. i feel sorry for the others out there who have NO other option except their NP line, i hope you get connected back soon to a broadband connection.

•••••••••

plow5
join:2000-12-07
Strongsville, OH

plow5

Member

ibs networks dsl dead, help

since my isp is no longer going to offer residential services, I want to ask if anyone knows any isps with 6 month or lower contracts besides telocity because I cant handle this dsl crap. I will only be here till september and then its off to a new college, so I need short term contracts. Any ideas? Telocity sucks (200 pings, bad speed)

••••

cranialwiz
join:2000-10-03
Wayne, PA

cranialwiz

Member

He Speaketh The Truth

Check out deakonblues2K post here:
»Update from deep throat
I am afraid he has brought the issue to light..
This whole DSL frenzy was brought about by get-rich NASDAQ chuckleheads providing all the money for Lizzy and the gang.
No one asked for a business plan. No one even asked about profitability, just buy shares now before the price goes up.
That's what started it, and when the question of profitability arose, that's what ended it for NorthPoint.

I agree with deakonblues2k on most points.
Look for cable's market share to increase along with an accompanying willingness for cable providers to upgrade their systems and to pass along the prices to the EU. It's called Gotcha.
I envision AT&T to roll out DSL service in one of their now famous "all in one" packages with LD and whatever else they can pack into it. If you think DSL is a whore's market, LD has them beat 9 ways to Sunday.
Let's be real. The ILEC's aren't so unhappy with DSL. It gives them a chance to condition their lines,(no one has mentioned how many other "undocumented" problems they are able to find while out conditioning another line), often at a CLEC's expense.
Secondly, I really think that the ILEC's and soon AT&T treat DSL as a "value added" service.
Hell they already are sending you out a bill anyway, an additional charge isn't so expensive to add. The ILEC's already have a payment history on you to boot!
A little off-topic, but I will be interested to see speed and latency tests cable VS. DSL in the next 12 months. We will then see if the DSL proclamation of cable's short-coming's were really true. Or not.
[text was edited by author 2001-03-23 05:16:37]
System

Anon

The real losers

We lose as a group. The Consumer, the ISPs, NP's employees...all of them.

To the consumer: We're sure sorry you paid for something that might have worked most of the time after your 2 month install. Your broadband alternatives: A)Another failing CLEC that will probably require you to purchase another expensive doorstop. B)Cable, if it's available in your area (you lucky bastards...). C)ADSnaiL from your Incompetent Local Exchange Carrier. D)Move to an area with a fatty cable service.

To the ISPs: You guys are great. You might notice a slightly higher call volume than normal. It shouldn't be a problem provided your staff hasn't staged a mutiny in the process. Just charge an extra $50 per month and you may actually turn a profit.

Which reminds me. Two words you will never hear in the same sentence: CLEC and profit or ILEC and reliable
*ahem* Moving along...

To the Employees of NP: Time to find a new industry that doesn't involve technology more than 50 years old. See you in the Unemployment line.

This is when I wish there was a 'Reset Reality' Button handy....

•••••
tgeery
join:2001-03-15
Herndon, VA

tgeery

Member

Who are the regulators

So the AT&T purchase of Northpoint assets is subject to "regulatory approval"... who are the regulators? We need to let them know how we feel about this!
russotto
join:2000-10-05
West Orange, NJ

russotto

Member

Re: Who are the regulators

Doesn't matter. If the sale to AT&T is stopped for some reason, the banks still aren't going to provide funding to keep the network up. Same result for consumers, only the creditors get damaged quite a bit more.

Besides, there's no real reason for regulators to stop the sale.

anonymousboston
@a02.bstnma01.us.ce.v

anonymousboston

Anon

Re: Who are the regulators

then why are they buying them out if they are just going to let all the customers go?
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