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[ih] Who Paid for the Internet? (was Re: sad news: Peter Kirstein)

On 17/01/2020 20:50, Dan Lynch via Internet-history wrote:
> And what ever happened to ANS and PSI?  I?m pretty sure PSI went
> bankrupt after naming the Baltimore Ravens Stadium long ago. But ANS
> CO+RE seems to have been sold to AOL long ago. Ah, capitalism...

PSINet went bust shortly after I quit my job with them in 2002. I don't 
think there is a causal relationship there :-)

They were already in Chapter 11 when I left, and had been struggling for 
a long time. IIRC, the main reason for the failure was a series of 
unwise acquisitions, but some bad sales-related decisions were a part of 
it. PSINet Europe was the hosting provider fo Boo.com; when Boo went 
bust they left their creditors high and dry and that blew a big hole in 
our income too.

I am, still, annoyed with myself for not cashing in my share options 
when they were at their peak. I was just about to, when they dipped a 
bit, and I thought I'd hang on until they went back up again. But they 
never did...