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(DOTCOM Scoop)   Excite@home disaster continues,(checks bouncing,Stopped checks and no funding for current employess.)   (dotcomscoop.com) divider line 33
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2944 clicks; posted to Main » on 15 Oct 2001 at 11:22 AM (12 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



33 Comments   (+0 »)
   

Archived thread
 
2001-10-15 11:29:21 AM
AT&T took over right? This is typical of AT&T.
 
fb-
2001-10-15 11:38:59 AM
Another dot-com bomb. No biggie.
 
2001-10-15 11:44:01 AM
This is why there are democrats.
 
2001-10-15 12:00:03 PM
Ya, No biggie. Go say that to the people who got laid off, and ripped off.

Idiot
 
2001-10-15 12:20:23 PM
I thought AT&T took them over, but I still have @home for my cable internet, but I pay my bills to Charter. Go figure.
 
2001-10-15 12:49:07 PM
I got screwed by @home....dammit
 
2001-10-15 12:49:55 PM
The whole internet cable thing if one big cluster fark.
Greed killed the company
 
2001-10-15 12:57:37 PM
ha ha unemployed. boo hoo. dig a ditch. the world needs ditch diggers.
 
2001-10-15 01:08:25 PM
There should be plenty of mailroom jobs available pretty soon. Fear guys in the mailroom making six figures.
 
2001-10-15 01:13:40 PM
Ya, No biggie. Go say that to the people who got laid off, and ripped off.
Ok...
No biggie.

Boo-farking-hoo!
 
2001-10-15 01:24:15 PM
I guess what I'm saying is that it's part of IT.
You can have a six figure income job one day and six figure personal debt the next.

It's stupid that they got ripped off however.
 
2001-10-15 01:36:53 PM
Screw those of you who are saying no biggie. I was just layed off after two years in a company where I had alleged job security even though there was no sign of it coming. Try finding another job when the economy is farked and IT is your specialty.

Its easy to make statements like that when you have a job.
 
2001-10-15 02:11:14 PM
All together now.......
"Suit and Tie guys are cocksuckers!
Doo dah
Doo dah....."
 
2001-10-15 02:15:59 PM
 
2001-10-15 02:24:44 PM
i worked at that lovely site. i am so glad i got out a year ago. when i started, my stock price was 40 bucks. i was there for a year and, in that time the stock price fell so far i don't think it was even in double digits. i am not shocked at all. they could not manage their way out of a paper bag. sadly i went to one of their siter sites and was out on my ass in 6 months. it took me 3 months to find a job and i know others who are still looking. it sux to be unemployed, but anyone who stayed at E@H is a farking idiot who was just asking to be laid off.
 
2001-10-15 03:08:00 PM
why are there so many assholes in this forum?
 
2001-10-15 03:55:52 PM
Oh no, I have Comcast@home. I hope nothing happens!
 
2001-10-15 04:58:02 PM
I'd go insane without broadband pr0n. But Leo on techtv said that @home subscribers still get their internet access through the cable company, but @home does the ISP stuff like e-mail addresses and usenet news. He said that it's just more likely that the cable companies will just switch to another ISP to provide such services. Of course, that is just my understanding of the situation, if anyone can offer a correction, I'm happy to hear it.
 
2001-10-15 05:10:55 PM
It bites, but that is just my personal opinion.

Debbie handed me 300 last night to sign up, got the word today that the local bunch are going to wait at least 6 and possibly 8 weeks before accepting new customers.

I have worked for plenty of firms that had no gnikcuf idea how to make money, I am getting used to it.

Heh, backward masking.
 
2001-10-15 05:34:15 PM
to all of those who say "no biggie" fark you 1,000 times over. this shiat just happened to me. 2 years faithful employment, my raises never went through, then i get laid off with no severance and no paycheck. it isn't funny.

it isn't funny.

if you use your brain you'll see that when people are treated this way the become angry, disillusioned, unable to pay rent and credit cards... it hurts our country.

so go on, get your head COMPLETELY up your ass. hopefully you will get laid off soon and then you can tell us how it is no biggie.

and if you haven't thought about it, that stuff makes people like me livid... so then i cut you off in traffic and if you say anything i'll jump out of the car and beat you half to death- all over a no biggie.

morons
 
2001-10-15 05:49:21 PM
Well I don't know any of these people personally so I don't care. Really is a no biggie though.
 
2001-10-15 06:38:00 PM
To the whining techies in debt, I in turn say fark YOU DRY.

You get jobs in a sector that's literally exploding and spend like drunken farkin sailors, then you wonder why there's nothing left when the bust comes. You think just because your company went IPO and your salary has doubled every year for the past three years that you can go buy your SUVs and $300k homes and incur thousands in debt without a care in the world. Did you honestly think this would go on?

And don't biatch to me about not having seen the tech market collapse coming a mile away, because anybody who's ever had a thought in his head spent 1998 drawing parallels between what the IT boom was doing to cities & commerce and the "limitless prosperity" of the late 1920s. The only difference was that the companies in 1928 were actually worth something because they did something! When people realized half of these IT companies were built out of aether they farkin bailed. That's the only reason I didn't make IT my specialty; I didn't want to become part of a market that was going to go tits-up before the frozen beef in my freezer expired. I can't believe so many people didn't see this coming.

(I also can't believe I used the words 'aether' and 'fark' in the same sentence)

I don't pretend to be some intellectually superiour creature or anything but god damn people, even "stable" jobs don't last forever.... you had to know something like this wouldn't see the end of the decade.
 
2001-10-15 07:52:53 PM
Did someone call my name?
 
2001-10-15 08:18:13 PM
"You think just because your company went IPO and your salary has doubled every year for the past three years that you can go buy your SUVs and $300k homes and incur thousands in debt without a care in the world. "

You know what? That is one of the stupidest farking things I have ever heard. I was making 37k a year while working my ass off when my layoff came. The point of this isn't about whining, its about saying "You know, it really sucks when people through no fault of their own get screwed by big business that doesn't give a shiat about the little guy."

I don't drive an SUV, I don't live in a big home, and maybe someday you'll be unfortunate enough to know what a total blow to life this can be.

Had I not been saving money I would have been royally farked. You forget that not all tech employees are spoiled dot.com kids with disposable income.

So fark you buddy.
 
2001-10-15 08:35:16 PM
High-tech is not dead by a longshot. As in any field, anyone who knows what they are doing or can fake it will do well. Only companies built on a foundation of aether are suffering. It is of course unfortunate to those employed; and yes, not all of them were high-tech punks who made $60K and didn't save a dime. Many had families who relied on them. I hope that we can all see now the reasons we DO have welfare, unemployment and other systems which were created during hard times and seemed so easily disposable in tough times. I work for an employee-owned company (the first in the nation) which has a local of The Newspaper Guild. I turned down a couple of jobs with companies that are now bankrupt. Anyone who thinks unions are unnecessary must really trust corporations.
 
2001-10-15 08:39:31 PM
"I was making 37k a year while working my ass off when my layoff came"

Rereading my rant would show that it's not directed at you. Thinking before you react will save you from embarrassing moments like these.

I'm not saying getting laid off is the employee's fault; it can happen to literally anyone. What I am saying is that people who make more money in three years than most people make in ten have no right to biatch about having nothing the day after their company goes titsup. Those who spend it faster than they make it almost deserve to get kicked in the balls like that.

And exactly how does a business that goes under screw the employee? If there's no money, there's no money! If the owner chooses to suck it dry and move to Tahiti that's his prerogative; he owns the company! Employment isn't a right - decisions made by management that could end your job are the risk we all take when we agree to work for someone else. Those who see through the illusion of security and save something, as you did, are smarter than most.
 
2001-10-15 09:31:36 PM
flake i'm glad you know who you are talking to- you really put us in our places. i guess i'll have to sell the navigator, excursion, AND range rover.

you say the 300k house and suv is "our" own stupidity, then you turn around and say it is the perogative of the assholes who lived like that to do just so.

so your point is that they were stupid to make and spend all that money, but at the same time that is their perogative since they owned the joing, and that the guys actually putting in the sweat on the front lines (who don't make 300k) who got screwed should've known better because working is a privilege not a right?

uhh, ok.
 
2001-10-15 11:33:39 PM
So how does it feel as an @home customer to know that you are worth exactly $ 83.00. I think the best way to throw a kink into AT&T would be to leave in the interim :)
 
2001-10-16 12:03:43 AM
Proof once again that the public expects anything and everything associated with the Internet to be free.

Excite just couldn't live on the pennies the cable companies gave them to do all the work while they kept all the real dollars. Not that there was enough to keep in the first place.

With a cap-ex cost per sub >$500, no way cable modems can cash flow out at $39 a month.
 
2001-10-16 12:28:56 AM
I was laid off from a dot com in april where I was making
twice teh market rate as my pears. The reason I was making
so much is because I was working in a volital markit,
(risk=more pay). That said, the thing that sucks in IT is
that you can get a pat on the back Friday, and Monday, your
user account is disabled and you are watched like a halk
while you pack you stuff so you will not attack there
servers. If they would only treat you like a human, then
maybe they would not have to fear retaliation from the
recently unemployed.


"Just a thought big business"

The dog has spoken
 
2001-10-16 04:04:25 AM
amen dog.

i'll harp on a bit further then i'm done. it isn't "their company" to do with whatever they pleased. we owned stock. countless public owned and lost big on the cheeses going with their perogative, flying around pissing cash like there was no bottom.

few other quick points... our stock took the biggest fall (before decomissioned) when the board decided to award themselves 125K bonuses. for what i might ask? excellent market placement and hard work? so the week before the layoff/semi shutdown they again decided to give themselves bonuses of almost six figures. again, for what? for strategically laying off the people who worked with the ultimate goal being not paying them?

that to me is why it isn't funny. if i didn't care i'd be flipping burgers, so i guess that's my justification for these rants.

sorry folks
 
2001-10-16 08:02:12 AM
Hey, I'm not saying what the employers did is right; only that everyone should have known that it was both possible and legal. What bothers me is the very vocal minority who pisses and moans because a copmany worth nothing couldn't handle paying them a few hundred thousand dollars each again this year, as though it were their right to make tremendous personal profit out of thin air. The grunts who actually had to work their asses off for reasonable wages have my sympathy.... to a point.

I'm well aware that investors' money was wasted. Again, I'm not saying it's right, but investors really have no reason to complain when they give their money to someone else and it ends up getting wasted. The stockholders are "in charge" as much as can be expected in any democracy (which is to say, nearly not at all). The board members may suck the company dry, but it's the stockholders who voted the board in there in the first place. It's called trust, and with any form of trust there's the chance of betrayal. Want your stock to be worth something? Sell it, put the money in your pocket, and hope nobody steals it while you're asleep.

While I'm going on about stock, I understand that it's common practice for companies to reward their employees with stock. This would be fine if the company issuing the stock were worth something, but when you're talking about overvalued vapour factories like Nortel, people have to realize that this stock will become worthless in the forseeable future.

Again, I'm not railing (sp?) on the people who have lived reasonably normal lives - my beef is with those who saw a six-figure salary (paid mostly in worthless stock) for one year, got themselves way over their heads in debt and wailed like infants when the mysterious free money machine stopped working. The working stiffs who got laid off are right to be pissed about being out of a job, but they need to remember that working for someone else has a few inherent risks. That happens to be one of them.
 
2001-10-16 06:21:21 PM
Zarquon, and I've been using SETI@home too. I hope they don't go out of business.
 
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