Excite@Home's bankruptcy has everyone scrambling to salvage something:
It's offering to buy Excite@Home's network for $307 million. It wants to use the network to provide broadband Net access to its 1.4 million customers and, for a fee, those of the other cable companies.
Now in control of the bankrupt company, they think $307 million is too low. They say they'll shut the network down on Nov. 30 if AT&T doesn't increase its offer.
COX AND COMCAST
They just want out of the mess. Both cable players are building their own Internet networks, which won't be ready if bondholders shut down Excite@Home on Nov. 30.