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Excite Home Corp

BUSINESS
June 29, 2000 | From Reuters
E-mail service was delayed for millions of Excite@Home Corp. and Yahoo Inc. customers in recent days because of problems with the technology that supports the services. Excite@Home said the e-mail on its high-speed @Home service has been delayed for about two days, since one of the two "load balancers" that supports the system failed. As of midday Wednesday, the balancer was fixed but the e-mail was still delayed one to two hours because of backlogs.
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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
May 1, 2001 | Reuters
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.
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
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
May 11, 2000 | CNET News.com
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.
BUSINESS
October 26, 1999 | Bloomberg News
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.
BUSINESS
July 14, 1999 | Bloomberg News
Excite@Home Corp. agreed to buy IMall Inc. for about $425 million in stock to expand its online shopping area and boost revenue. Excite@Home, whose biggest shareholder is AT&T Corp., will exchange 0.46 share for each share of Santa Monica-based IMall. That values IMall at about $22.97 a share based on Excite@Home's stock price Tuesday. Redwood City, Calif.
NEWS
July 14, 1999 | A Times Staff Writer
Takeovers are usually great news for owners of the target companies. But it isn't working that way for some Internet-related firms: * Walt Disney Co.'s decision to buy up Infoseek sent that stock down $5.56 on Monday and $2.44 on Tuesday, ending at $43.50. * Online shopping firm Imall Inc. slid 31 cents to $22 on Tuesday after the company agreed to be bought by Excite@Home Corp. Excite@Home will pay $22.97 in stock for each Imall share based on Tuesday's $49.94 closing price of Excite@Home.
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