Excite -- gutted by AT&T, for AT&T?

[Adam L. Beberg]

On Fri, 30 Nov 2001, Jim Whitehead wrote:

> Hmm, given the overall character of the .bomb, does this conspiracy theory
> really hold water?

"The bondholders have accused AT&T of using its controlling position on
ExciteAtHome's board to steer the company into bankruptcy as part of a
scheme to buy one of the nation's biggest high-speed Internet networks at a
bargain price. AT&T has denied the allegations."

And I was gonna try and patent that business model, proabably too much prior
art tho, hehehe.

This one is preaty textbook folks. Dynergy just did the same to Enron, by
buying the pipeline part of their business (the only part worth anything)...

"Dynegy's $1.5 billion cash injection into Enron on the announcement of the
Nov. 9 merger announcement bought it the option to purchase the pipeline,
the heart of Enron's system. Dynegy exercised the option on Thursday."

Hey, remember the guys that bought Iridium for 10 mil?

- Adam L. "Duncan" Beberg
  http://www.iit.edu/~beberg/
  beberg@mithral.com