January 11, 2000 |
Among the new equity ratings issued Monday on Wall Street, Net stocks took center stage: * America Online Inc. (AOL; $72.63, down $1.13) was raised to "strong buy" from "buy" by Banc of America Securities, and raised to "buy" from "long-term positive" by Platinum Equities Inc. * Excite@Home Corp. (ATHM; $40.13, up $1.19) was raised to "strong buy" from "neutral" by Platinum Equities, but downgraded to "market perform" from "buy" by Deutsche Banc Alex. Brown. * Yahoo Inc. (YHOO; $436.06, up $28.
July 19, 2000 |
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.
July 24, 2001 |
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.
May 1, 2001 |
Excite@Home Corp. will cut 13% of its staff, or 380 workers, a company spokeswoman said, marking the second round of layoffs at the high-speed Internet service provider and media company. The spokeswoman said the cuts would be across the board, but the media business would be hit by the reduction a bit more than the rest of the Redwood City, Calif.-based company. Excite@Home, which is controlled by AT&T Corp., will employ about 2,470 people after the cuts.
November 28, 2001 |
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.
September 20, 2000 |
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.
October 26, 1999 |
GTE Corp. accused cable operators AT&T Corp. and Comcast Corp. in an antitrust lawsuit of illegally forcing customers to buy Internet access from their affiliate, squelching competition from rivals such as GTE's Internetworking unit. GTE, a local telephone company and an Internet service provider, said AT&T and Comcast required cable customers to buy Excite@Home Corp.'s service as a condition for getting installation of Internet modems on their cable boxes.
May 11, 2000 |
The former chief executive of Excite@Home Corp. has joined prominent venture capital firm Kleiner Perkins Caufield & Byers. Tom Jermoluk, 43, has become the newest general partner at Kleiner Perkins, one of Silicon Valley's best-known venture capital firms. Kleiner Perkins is best known for its investments in Internet giants America Online Inc., Netscape Communications Corp. and Amazon.com Inc., among many others.
April 24, 2001 |
Struggling high-speed Internet access provider Excite@Home Corp. named telecommunications industry veteran Patti S. Hart chairwoman and chief executive, ending a seven-month search. Hart, 44, was head of Telocity Inc., a provider of digital subscriber lines that was bought last year by Hughes Electronics Corp. Hart replaces George Bell. Excite@Home also said its first-quarter operating loss widened to $61.6 million, or 15 cents a share, from $4.