I was a shareholder who lost thousands in the internet bubble. I had invested in Excite @Home (formerly Nasdaq ATHM). I figured that the company had an asset value of 35 billion dollars, had 2.2 million monthly paying subscribers to Excite portal, and had 100,000 miles of underground fiberoptics, at what some say costs $100,000 per mile, so I saw a company with infrastructure.
AT&T and Comcast were large shareholders of the company. But I believe they were wolves in the henhouse.
I would go so far as to say that these companies took out a company and bilked the investors in the process.

I question AT&T, Comcast, and Execs at Excite@Home.
So I went to Comcast for some answers. They referred me to Philadelphia, to their legal department. But lawyer client privilege says they can't talk to me, or they didn't return phone calls.

But there were some talk of a class action lawsuit against Comcast, and I waited and waited, but nothing ever happened.

All I know is that AT&T walked away with 2.2 million subscribers of Excite as they became instant ATT.net customers. And assets were no longer, but AT&T got some. There was some convaluted deals, but then no class action lawsuit.

I believe that what occurred was similar to how Enron took the shareholders down. Only I think they perceived ATHM as a competitor in their field of cable, telecommunications, and internet. And this is why they sank the ship.

But was this illegal?

I never got any answers. I just lost thousands. I'm not crying over spilled milk, but sharing my thoughts in this forum to inform others and to see if anybody can give me any further insight.

Maybe I don't have my facts straight. But a company with 35 billion dollars in asset value just goes away?
Yah I think there were some crooks that need to be brought to justice and sent to bunk with Bernie Ebbers. They might have some things in common.

I also believe that the Ma Bells and Comcast have special privileges with the FCC and the Federal Courts and this is how they got away with it and avoided the class action lawsuit.

But Comcast was involved in doing the company they had ownership stake, as they were a large shareholder, amongst some other big names. Perhaps this story could be used to verify the facts, as in percentages owned, and step by step what went down. It wasn't just the internet bubble bursting.
I think it would make for a good story for Break the Matrix.

Comcast drives out competition in local markets. They then buy people up and then turn around and raise their rates. They did it here, but I boycotted them for life. Then they limit content on their channels.

Link Media has attempted to get on with Comcast, but Comcast denies access at this time. I think this is how censorship begins. And I think there may be a link between how they do business and what you get to see on TV. I use this as an example.

But ATHM had the ability to compete given their infrastructure, but they were taken out.

And I point fingers directly at AT&T and Comcast specifically.

This was not business as usual. I believe this was illegal. And I believe the Federal Courts protected them.
I believe they knew they could get away with it.

But what about the shareholders?

This is why I believe AT&T and Comcast are the "Enrons" of the Telecommunications and Cable industries.

I boycotted them both for life.

Please share any hard data on this if you can or any insight as to what actually took place.

I think there is more to the story than meets the eye.

Why was there no Class Action Lawsuit?