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Excite Home Corp

BUSINESS
December 7, 1999 | JAMES PELTZ and MICHAEL HILTZIK
Excite@Home (ATHM) Jim: This outfit was originally known as @Home, until it bought Internet portal site Excite not long ago. And now, Mike, Excite @Home is somewhat of an interesting animal out there in the Internet world. Mike: Yes, it's a camel. And thanks for that straight line. This is the quintessential company designed by a committee. Jim: Yikes! And I was going to be charitable and just call it a hybrid. Mike: First, though, let me make full disclosure.
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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.
BUSINESS
October 26, 1999 | CHARLES PILLER, TIMES STAFF WRITER
Excite@Home agreed to acquire Web greeting card king BlueMountain.com on Monday in a deal expected to stimulate the conversion of Web viewers into buyers--the holy grail of e-commerce. Excite@Home will pay about $780 million in stock and cash for the site, operated by privately held Blue Mountain Arts Publishing, the largest electronic greeting card company and one of the last independent giants on the World Wide Web. BlueMountain.com drew about 6.
BUSINESS
August 3, 1999 | Reuters
Yahoo Inc. is considering buying Excite@Home Corp. in a deal that could significantly extend the Internet portal's market leadership and enable it to expand services, BusinessWeek Online reported. The report, citing unnamed sources, said the companies have held preliminary talks for six weeks about a possible deal, in which Yahoo would buy Excite@Home for more than its current market value of $17 billion.
BUSINESS
January 11, 2000 | Times Staff; Bloomberg News
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.
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
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.
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