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September 5, 2008

Phorm waiting for BT


by David Allen

The internet service provider, adware business Phorm, has had to reassure the company’s shareholders that their business is in good shape following a fall in share price to an all time low of £5.80.

Over the last year shares have fallen by almost seventy per cent, although after the announcement the share price did recover a bit to £7.50.

Phorm are still waiting for the go ahead from BT for the third trial of the system. Although BT have said that a third trial is planned no date has been given.

The same applies to both Virgin Media and The Carphone Warehouse; both ISP’s have expressed an interest in using the system, but again no date has been announced.

Phorm hit the headlines when it was discovered that BT had been conducting secret trials on a selection of their customers.

Many internet users are against the principle of Phorm and believe that it should be an “Opt In” service rather than just there running in the background.

Story link: Phorm waiting for BT


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1 Comment »
  1. BT seem totally unconcerned that 57% of their Broadband customers that were asked about Phorm said they would leave BT if this happens.

    Virgin have said publicly they won’t go ahead.

    I am ready to transfer to an honest ISP if BT do this. Quite apart from the spying, it’s going to slow their service down horribly.

    Comment by C Blackmore — September 5, 2008 @ 5:57 pm

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