[Nettime-bold] Internet providers on shaky ground

["Michael Gurstein" <mgurst@vcn.bc.ca>]

                   Internet providers on shaky ground as investors
                   tire of waiting for profits

                   MIKE OLIVEIRA
                   Canadian Press


                   Sunday, September 02, 2001

                   TORONTO (CP) - While most observers see
                   the Web as a critical tool of the future,
                   impatient investors are tiring of Internet
                   access providers' dismal earnings.

                   A Canadian dial-up access provider and
                   the largest high-speed provider in the
                   United States faced major setbacks last
                   week, two more casualties in a
                   burgeoning, but struggling, industry
                   where no company - big or small - is safe.
                   Calgary-based 3Web, which once offered
                   "free Internet access for life," has told its
                   last batch of non-paying customers that
                   the free time will be over in two weeks.
                   Advertising revenue failed to materialize
                   to pay the bills.

                   And on Friday, ExciteAtHome lost two of its
                   three cable TV partners when Cox
                   Communications Inc. and Comcast Corp.
                   terminated distribution deals. Its only
                   remaining partner is controlling
                   shareholder AT&T.


http://www.canada.com/vancouver/story.asp?id={93BED92C-A731-4686-B02D-003892
6EF116}

                               © Copyright 2001 The Canadian Press



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