LYCOS RETRIEVER
Adelphia
built 658 days ago
Any company that makes it as difficult to pay their bill online as Adelphia does DESERVES to be in bankruptcy. Even if they actual did care about the customer, at least such a huge corporation could get THIS right. What a joke.
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Adelphia, which filed for Chapter 11 bankruptcy protection in 2002, currently is on the block. During the last year, in an effort to bolster Adelphia's bottom line, the company's new management has begun offering softer porn in various areas of the country and, in recent months, has introduced the hardest-core programming in a few markets.
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"I always admired the fact that [previous Adelphia owner] John Rigas had the courage to stand up and say no to the adult porn industry, even when it may have cost him potential profits," Peterson told ABC News. "I am disappointed that the new leadership didn't have the courage to continue the policy of putting our young people ahead of their bottom line."
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During the first quarter of 2002, Adelphia represented approximately 11% of total sales and approximately 16% of total accounts receivable. As of May 31, 2002, the Company indicated that receivables from Adelphia were approximately $22.5 million. Management is evaluating the need for a possible charge related to an allowance for Adelphia receivables. The Company will continue to assess the situation and will make a determination as additional facts and information become available.
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Convincing Wittman (one of the few new executives at Adelphia who didn't come from AT&T Broadband) to come aboard was ... a major coup, says Kersey. Having just finished helping 360networks through a successful bankruptcy, says Wittman, "there were those who asked, 'Why in the world would you go and do another bankruptcy? It's a total mess. Wasn't it bad enough the first time?'" Her answer: she enjoys a challenge.
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"Adelphia is committed to providing our customers superior quality of service levels to support video, voice and data services," said Marwan Fawaz, CTO, Adelphia. "Motorola's BSR platform will give us the ability to expand our DOCSIS 2.0 footprint and provide next generation products."
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