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« Boingo in 75 Airports | Main | 27,000 Hotels with Broadband by 2008, Report Says »

August 4, 2004

No, Free Wi-Fi Doesn't Cause Bankruptcy

Schlotzsky's files for Chapter 11 protection, but it's not the Wi-Fi that did it: Before the wags weigh in, there's no connection between Schlotzsky's aggressive and cool free Wi-Fi rollout and their Chapter 11 bankruptcy reorganization filing yesterday. The Motley Fool notes that the CEO (a smart guy that I met when he served on a panel I moderated last year) and an SVP were removed from their positions but remain on the board. The chain has lost a more than 200 stores out of 760 in 1999.

But don't blame it on the Wi-Fi.

Posted by Glenn Fleishman at 10:02 AM | Categories: Financial, Free