Morning Broadband Bytes

lol, wow. I know a couple people in that part of the world and that price doesn't surprise me. Everything is so damn expensive over there.

I used to live in Pittsburgh, so I have Pitt rights...

It only figures that Pittsburgh, a city so broke that it can't pay it's police, would try to create something that it couldn't afford in the long run. The politicians of Pittsburgh have no idea what they are doing or what they want to bring to Pittsburgh. It's actually pretty sad.

Interesting that this finally settles now.

@Home bondholders should have filed suit against the banks that financed and sold them the bonds, not AT&T. @Home was headed for the ropes when those bonds were marketed, so someone either hid the books or made them look pretty good to those buyers.

If @Home had any trade "secret" it was how to overspend and go bankrupt. Interesting that no one has gone after the execs who departed after AT&T took over.

The only reason AT&T/Comcast is on the hook (in the suit) is because they got the infrastructure that those bonds financed. When AT&T took over the board of @Home, it was a complete mess. They determined it was better for it to go under than to pump more money into a losing proposition. It did made AT&T look self serving, but in the end they were only on the hook for 170 million. Which is a nit because they have already fully depreciated the equipment acquired, already had written off any losses from the @Home integration, and aggregated the revenue from the new customers they acquired and had leveraged the risk of the suit into the Comcast acqusition agreement.

If anyone got left holding the bag, it was Comcast. AT&T had some good attorneys working this one.

And in this part of rural New Hampshire it costs $624 a month for 1.5MB broadband.

It's a bad deal when your cheapest broadband is a T1 line.