October 6, 1999 |
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.
June 21, 2000 |
Cablevision Systems Corp., New York City's largest cable television provider, has sued to block Excite@Home Corp.'s buyout by several of its major investors, including AT&T Corp. and Comcast Corp. Lawyers for Cablevision, one of Excite's investors, filed suit Monday in Delaware Chancery Court to invalidate the company's agreement with Comcast, Cox Communications Inc. and other investors that's designed to give AT&T total control of the largest U.S.
September 30, 1999 |
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.
September 1, 2001 |
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.
August 4, 1999 |
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.
January 24, 2001 |
@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
December 5, 2000 |
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.
October 18, 2000 |
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.
September 11, 2001 |
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.