Comcast in a bit of trouble...

Aron Schatz
September 30, 2001
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I got this email from Comcast about Exite@Home. Here is the email:

Dear Comcast @Home Customer,

On Friday, September 28, Excite@Home, the Internet service provider for Comcast @Home, filed for Chapter 11 bankruptcy protection to allow them the opportunity to restructure their financial situation with their creditors.
As you may know, financial restructuring allows companies that have declared bankruptcy to continue to operate their business successfully.
More than five years ago, Comcast committed to the high-speed Internet business by partnering with Excite@Home, and we continue to be committed to providing high quality, reliable service. We are confident that Excite@Home, whose major shareholders include AT&T, Cox and Comcast, will maintain all e-mail and web space services for our customers.
Comcast will continue providing its customers with the best high-speed Internet service both now and in the future. We are doing everything possible to ensure that the 950,000 customers we will serve by year-end will continue to be served well while Excite@Home restructures its financial situation.
Comcast views high-speed Internet as one of the most important products in our portfolio and we remain committed to this business and to our customers.
We thank you for choosing Comcast and look forward to continuing to provide you with the best high-speed Internet service available.
David JulianoSr. Vice President & General Manager


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