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BUSINESS
June 7, 2001 | Reuters
High-speed Internet service provider Excite@Home Corp. said it is shutting down operations in France, Germany and Spain, becoming the latest victim of a sharp slowdown in Internet advertising. The Redwood City, Calif.-based group, controlled by AT&T, said it would focus its energies in Europe on Britain and Italy, where it sees positive growth prospects. Excite shares slipped 12 cents to $4 on Nasdaq.
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BUSINESS
December 4, 2001 | From Times Staff and Wire Reports
A group of cable operators agreed Monday to pay bankrupt Excite@Home more than $320 million to keep its high-speed Internet service going for three more months, enough time to move all their customers off Excite's network. The deal wouldn't apply to AT&T Corp., whose talks with Excite broke down early Saturday, or Adelphia Communications Corp., which was cut off from the Excite@Home service Monday afternoon.
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BUSINESS
July 11, 2000 | Bloomberg News
Excite@Home Corp. named Mark McEachen chief financial officer, replacing Kenneth Goldman. McEachen, 42, previously was treasurer of Hughes Electronics Corp. He joins Excite next Monday, with the added title of executive vice president. He'll work this summer with Goldman, who is resigning after four years with Excite. Excite has been working with cable-TV providers such as AT&T Corp., Excite's largest shareholder, to add customers. Excite shares fell 88 cents to $18.19 on Nasdaq.
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 29, 2000 | Bloomberg News
AT&T Corp. assumed voting control of Excite@Home Corp. earlier than expected and said earnings will be lower than forecast for the third quarter and full year. The telecom giant said it will begin consolidating Excite at Home's results in September, rather than October, resulting in third-quarter earnings of 35 cents to 38 cents a share. Previous forecasts were 40 cents to 43 cents a share.
BUSINESS
April 21, 2000 | Bloomberg News
Investors in Excite@Home Corp. (ticker symbol: ATHM) debating whether to sell, hold or buy more after the stock's 58% collapse this year got mixed signals from analysts who revised ratings Thursday. Michael Wallace of Warburg Dillon Read upgraded the stock, the fourth-worst performer in the Nasdaq 100 index this year, to "strong buy" from "buy." But Michael Graham of BancBoston Robertson Stephens cut his rating to "long-term attractive" from "buy."
BUSINESS
October 6, 1999 | CHARLES PILLER, TIMES STAFF WRITER
In response to widespread discontent over the quality of high-speed Internet service provided by AT&T, the Fremont City Council was expected Tuesday night to adopt detailed new standards that could set a national pattern.
BUSINESS
September 30, 1999 | SALLIE HOFMEISTER, TIMES STAFF WRITER
The board that controls Excite@Home Corp. is preparing to vote on whether to split the high-speed online service provider into two companies, according to sources close to the situation. Sources say AT&T, the largest shareholder of Excite@Home, with 58% of the votes, sent a formal proposal to the Excite@Home board this week that calls for separating the distribution from the content assets of the company, just months after the $7.
BUSINESS
September 1, 2001 | ELIZABETH DOUGLASS, TIMES STAFF WRITER
Bad news continued to mount Friday for cash-strapped Excite@Home Corp., as two key cable partners said they will stop selling the company's high-speed Internet service by June. The move by Cox Communications Inc. and Comcast Corp. is another in a string of blows to Excite@Home, which has been teetering on the brink of bankruptcy for much of the summer.
BUSINESS
August 4, 1999 | SALLIE HOFMEISTER, TIMES STAFF WRITER
Under pressure to split its content service from its high-speed Internet access, Excite@Home Corp. has explored a series of moves that would effectively spin off the Excite search engine just two months after acquiring it for more than $8 billion. Sources say that as part of the proposed spinoff, the Redwood City, Calif.-based company held talks with Yahoo Inc., a leading Internet search engine, about a merger with Excite.
BUSINESS
September 1, 2001 | ELIZABETH DOUGLASS, TIMES STAFF WRITER
Bad news continued to mount Friday for cash-strapped Excite@Home Corp., as two key cable partners said they will stop selling the company's high-speed Internet service by June. The move by Cox Communications Inc. and Comcast Corp. is another in a string of blows to Excite@Home, which has been teetering on the brink of bankruptcy for much of the summer.
BUSINESS
June 7, 2001 | Reuters
High-speed Internet service provider Excite@Home Corp. said it is shutting down operations in France, Germany and Spain, becoming the latest victim of a sharp slowdown in Internet advertising. The Redwood City, Calif.-based group, controlled by AT&T, said it would focus its energies in Europe on Britain and Italy, where it sees positive growth prospects. Excite shares slipped 12 cents to $4 on Nasdaq.
BUSINESS
January 24, 2001 | Associated Press
@Home Corp., which does business as Excite@Home, said it is cutting 250 jobs, or about 8% of its work force, citing a slowdown in online advertising revenue. Excite@Home, which provides high-speed Internet access via cable modems and runs a Web portal, said the cuts will affect mainly producers of online content and employees in the finance and human relations departments. Offices in Seattle and Austin, Texas, will be closed, it said. Shares of Excite@Home closed off 28 cents at $8.31 on
NEWS
January 24, 2001 | From Times Wire Reports
An armed man who wanted to show support for Iraqi President Saddam Hussein hijacked a Yemeni plane carrying U.S. Ambassador Barbara Bodine and 90 other people and diverted it to neighboring Djibouti, where he was overpowered by the crew. Abdulmejid Tarek of the immigration police at Djibouti airport said the suspect, identified as Mohammed Yehia Ali Sattar, was hospitalized with injuries inflicted by his own gun. Yemeni airport officials said they believe that the suspect had a grenade and pistol.
BUSINESS
December 5, 2000 | Bloomberg News
Excite@Home called off a joint venture with Dutch communications giant UnitedGlobalCom to deliver high-speed Internet access overseas. Executives of the cable modem company said market conditions led UnitedGlobalCom to ask for changes in terms of the deal, and the alternative proposals offered would hamper Excite@Home's international expansion. When the deal was announced in July, the companies said it would create the largest provider of high-speed Internet access outside North America.
BUSINESS
October 18, 2000 | Bloomberg News
PanAmSat Corp., the largest commercial-satellite operator, said it will buy Internet connections from @Home Corp. to gain access to 2 million customers through @Home's Excite unit. The agreement gives the company that does business as Excite@Home faster connections through PanAmSat's 21 satellites, which bypass Web congestion. Excite will deliver entertainment, news and sports. Terms weren't disclosed. PanAmSat shares closed off 69 cents at $26.06, while @Home fell 66 cents to close at $9.
BUSINESS
January 24, 2001 | Associated Press
@Home Corp., which does business as Excite@Home, said it is cutting 250 jobs, or about 8% of its work force, citing a slowdown in online advertising revenue. Excite@Home, which provides high-speed Internet access via cable modems and runs a Web portal, said the cuts will affect mainly producers of online content and employees in the finance and human relations departments. Offices in Seattle and Austin, Texas, will be closed, it said. Shares of Excite@Home closed off 28 cents at $8.31 on
BUSINESS
December 5, 2000 | Bloomberg News
Excite@Home called off a joint venture with Dutch communications giant UnitedGlobalCom to deliver high-speed Internet access overseas. Executives of the cable modem company said market conditions led UnitedGlobalCom to ask for changes in terms of the deal, and the alternative proposals offered would hamper Excite@Home's international expansion. When the deal was announced in July, the companies said it would create the largest provider of high-speed Internet access outside North America.
BUSINESS
August 29, 2000 | Bloomberg News
AT&T Corp. assumed voting control of Excite@Home Corp. earlier than expected and said earnings will be lower than forecast for the third quarter and full year. The telecom giant said it will begin consolidating Excite at Home's results in September, rather than October, resulting in third-quarter earnings of 35 cents to 38 cents a share. Previous forecasts were 40 cents to 43 cents a share.
BUSINESS
July 11, 2000 | Bloomberg News
Excite@Home Corp. named Mark McEachen chief financial officer, replacing Kenneth Goldman. McEachen, 42, previously was treasurer of Hughes Electronics Corp. He joins Excite next Monday, with the added title of executive vice president. He'll work this summer with Goldman, who is resigning after four years with Excite. Excite has been working with cable-TV providers such as AT&T Corp., Excite's largest shareholder, to add customers. Excite shares fell 88 cents to $18.19 on Nasdaq.
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