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BUSINESS
January 7, 2000 | MICHAEL A. HILTZIK, TIMES STAFF WRITER
Joining a wholesale rush to offer computer users free Internet access, Excite@Home announced it will give away Web service to customers willing to put up with a permanent advertising banner on their Web browser. The move, which will complement Excite@Home's main business--high-speed broadband Web access it sells to cable TV subscribers for about $40 a month--is designed in part to steer more users to the company's Excite portal and search engine.
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BUSINESS
January 5, 2002 | MICHAEL LIEDKE, ASSOCIATED PRESS
Three young entrepreneurs who struck it rich during the dot-com boom took a stab at capitalizing on the high-tech crash Friday by paying $2.4million for online photography site Webshots--the same service they sold to Excite@Home for $82.5million in late 1999. Webshots co-founders Andrew Laakmann, 32, Narendra Rocherolle, 33, and Nicholas Wilder, 29, reclaimed ownership of the service when U.S. Bankruptcy Judge Thomas Carlson approved the sale as part of Excite@Home's liquidation.
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BUSINESS
September 11, 2001 | Associated Press
Excite@Home said its chief financial officer, March McEachen, is resigning to "pursue other opportunities," adding to the long string of bad news coming from the nation's largest provider of high-speed Internet access. The company has said it needs more financing to survive in 2002, and its auditors recently expressed doubt that could happen, pointing to its $1-billion debt. AT&T Corp. owns 23% of Excite@Home stock and has a 74% voting stake.
BUSINESS
December 16, 2001
Re: "So Much for the Broadband Revolution," Dec. 6: I was an Excite@Home subscriber for five months before being migrated to Adelphia PowerLink this month. During those five months, Excite@Home never charged my credit card a penny for the service. In fact, they issued me a puzzlingly generous $12.75 credit in each of the first four months. I doubt that every customer was as lucky, but I probably wasn't the only one. So perhaps the sluggish economy and consumers' hesitance to pay a premium for broadband are less to blame for Excite@ Home's downfall than the simple fact that the company lacked a functioning billing system.
BUSINESS
September 20, 2000 | Bloomberg News
Excite@Home Corp., the cable-based Internet service controlled by AT&T Corp., said Chief Executive George Bell will step down but remain chairman, as the company seeks to boost its sagging stock price. Bell will stay on as CEO until a replacement is found and will continue as chairman of the Redwood City, Calif.-based company through 2001. Bell was Excite Inc.'s first CEO. Last year, he was appointed president of the company formed by the merger of Excite and @Home.
BUSINESS
July 19, 2000 | Associated Press
Excite@Home Corp., owner of the popular Excite Web portal and the Excite@Home cable modem network, said it's hooking up with Dutch communications giant UnitedGlobalCom to deliver high-speed Internet access outside North America. The joint venture, to be called Excite Chello, will operate in 15 countries in Europe, Asia and Latin America--markets in which the new company will own exclusive cable modem rights to 30 million homes. Each company is contributing $93.
BUSINESS
May 1, 2000 | ELIZABETH DOUGLASS
Excite@Home today joins the mobile Internet frenzy by launching a special Web portal tailored to the needs of wireless phone users. The new Internet site, http://mobile.excite.com, allows users to select personalized information (stocks, news, location-based information, e-mail) for retrieval from a Web-enabled mobile phone. The service, which is similar to those offered by rivals Yahoo and MSN Mobile, is free and includes a planner, phone book and other features.
BUSINESS
December 16, 2001
Re: "So Much for the Broadband Revolution," Dec. 6: I was an Excite@Home subscriber for five months before being migrated to Adelphia PowerLink this month. During those five months, Excite@Home never charged my credit card a penny for the service. In fact, they issued me a puzzlingly generous $12.75 credit in each of the first four months. I doubt that every customer was as lucky, but I probably wasn't the only one. So perhaps the sluggish economy and consumers' hesitance to pay a premium for broadband are less to blame for Excite@ Home's downfall than the simple fact that the company lacked a functioning billing system.
BUSINESS
July 24, 2001 | Reuters
Internet content and service provider Excite@Home Corp. reported a steep second-quarter loss, largely reflecting a weak online advertising market, which has hurt its media business. The company said it lost $346.3 million, or 85 cents a share, in the second quarter, compared with a loss of $668.3 million, or $1.69 a share, in the year-ago quarter. Excite@Home said its operating loss, excluding some unusual costs, was $65.
BUSINESS
April 20, 2000 | From Bloomberg News
Excite@Home Corp., which provides high-speed Web access over cable-TV lines, and Viacom Inc.'s MTVi Group Inc. said they will develop a new music and entertainment site on Excite's Internet search directory. The new site, Music.excite.com, will debut this summer. It will include content geared to broadband, or Internet access through cable lines or other means that let a user get content, including video, at much faster speeds than over traditional phone lines. MTVi and Redwood City, Calif.
BUSINESS
December 12, 2001 | Associated Press
Excite@Home Corp. received Bankruptcy Court approval to continue high-speed Internet service for about 2.1 million subscribers through February under a series of deals that will generate $355 million for the company while preserving the right to sue its cable partners for alleged abuses. The agreements approved by U.S.
BUSINESS
December 6, 2001 | CHARLES PILLER and KAREN KAPLAN, TIMES STAFF WRITERS
The disintegration of Excite@Home Corp., once the leading provider of high-speed Internet service, has sent a disquieting message that the revolution promised by fast, ubiquitous connectivity lies in the distant future. Spiraling costs in a slack economy, a lack of compelling content offerings and a basic miscalculation about what consumers will pay for fast online connections have decimated a once-thriving sector of the tech economy, analysts said.
BUSINESS
November 28, 2001 | Reuters
High-speed Internet access provider Excite@Home Corp., a former highflier that fell on hard times during the dot-com meltdown, said service could cease Friday for its 4.1 million U.S. subscribers if it fails to reach new agreements with cable companies that carry its service. Representatives of the company will appear Friday in U.S.
BUSINESS
October 11, 2001 | Associated Press
Excite@Home Corp., which filed for bankruptcy protection last month, stopped taking orders for its high-speed Internet service, leaving cable operators with no way to hook up new subscribers. Existing service is not affected by the move, but subscribers will not be able to make changes to accounts, said a spokeswoman for Cox Communications Inc., an Excite@Home partner. Excite@Home, which provides access to 3.
BUSINESS
September 29, 2001 | MATTHEW FORDAHL, ASSOCIATED PRESS
Excite@Home Corp., the leading provider of high-speed Internet access over cable television lines, said Friday that it will sell its broadband business to AT&T Corp. for $307 million in cash and filed for bankruptcy protection. Under the agreement, the once-highflying company's network would become a part of AT&T, which already has a controlling interest in Excite@Home. The deal is subject to a bankruptcy judge's approval.
BUSINESS
September 26, 2001 | Reuters
Excite@Home Corp., the troubled Internet content and high-speed service provider, said it would cut 25% of its staff and close some operations to save costs as it looks for a way to survive. The company, which is controlled by AT&T Corp. and has been struggling under mounting debt and sagging revenue, said it will close its MatchLogic interactive marketing subsidiary and "refine" the Excite.com portal. The planned layoffs, amounting to 500 jobs, will be made over the next three months, it said.
BUSINESS
May 9, 2000 | From Bloomberg News
Excite@Home Corp. said Chief Executive George Bell replaced Thomas Jermoluk as chairman after shares of the high-speed Internet access provider dropped 78% in the last year. Jermoluk, 43, handed the chairmanship to Bell, 43, late last week, though he will remain a board member, the company said. Jermoluk turned over his position at a board meeting, the Wall Street Journal reported.
BUSINESS
March 13, 2000 | MICHAEL A. HILTZIK, TIMES STAFF WRITER
There's broadband, and then there's broadband. Excite@Home, which with nearly 1.2 million users claims to be the largest subscriber base of any provider of high-speed, high-capacity Internet service, will soon roll out new software to make sure its subscribers get the most out of the technology.
BUSINESS
September 11, 2001 | Associated Press
Excite@Home said its chief financial officer, March McEachen, is resigning to "pursue other opportunities," adding to the long string of bad news coming from the nation's largest provider of high-speed Internet access. The company has said it needs more financing to survive in 2002, and its auditors recently expressed doubt that could happen, pointing to its $1-billion debt. AT&T Corp. owns 23% of Excite@Home stock and has a 74% voting stake.
BUSINESS
August 28, 2001 | From Reuters
The outlook for Internet access provider Excite@Home Corp. dimmed further Monday when the company received demands that it must repay $50 million by Friday. Excite@Home, which has little cash left and $1 billion in debt, said it was contesting that demand, but added that if it is forced to repay, it could have a "materially adverse" effect on its liquidity and ability to fund operations. Shares of Excite@Home, formally At Home Corp., fell 11 cents, or 22%, to close at 39 cents on Nasdaq.
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