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BUSINESS
April 29, 1999
@Home Corp. said its proposed $6.7-billion acquisition of Web search and directory company Excite Inc. received antitrust clearance from the Justice Department and the Federal Trade Commission. The deal is expected to close after Excite and @Home stockholders vote on it in meetings scheduled for May 28.
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BUSINESS
December 6, 2001 | CHARLES PILLER and KAREN KAPLAN, TIMES STAFF WRITERS
The disintegration of Excite@Home Corp., once the leading provider of high-speed Internet service, has sent a disquieting message that the revolution promised by fast, ubiquitous connectivity lies in the distant future. Spiraling costs in a slack economy, a lack of compelling content offerings and a basic miscalculation about what consumers will pay for fast online connections have decimated a once-thriving sector of the tech economy, analysts said.
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BUSINESS
December 5, 2001 | JUBE SHIVER Jr., TIMES STAFF WRITER
AT&T Corp. on Tuesday withdrew its $307-million offer for the assets of Excite@Home Corp., forcing the once highflying provider of high-speed Internet service to say it will cease operations Feb. 28. AT&T had been the only bidder for the assets of Excite@Home, also known as AtHome Corp., since the Redwood City, Calif.-based firm filed for Chapter 11 bankruptcy protection Oct. 1.
BUSINESS
June 2, 1998
Redwood city-based Excite Inc. is facing two lawsuits seeking class-action status for the No. 2 Internet directory's rejection of Zapata Corp.s $1.68 billion acquisition bid, according to government filings. Excite last month rejected a $72-a-share stock offer from Zapata, a former oil company turned package maker and fish processor.
BUSINESS
October 9, 1997 | P.J. Huffstutter
Auto-By-Tel Corp. signed an exclusive three-year, $7-million deal to provide its car selling program to Excite Inc. The Redwood City-based online search engine will use Auto-By-Tel to list pricing and car specification data, information on leasing, industry news and tips on auto maker rebates.
BUSINESS
December 16, 1997
Excite Inc. and StarMedia Network Inc. have teamed to provide Latin American Internet users the ability to do Web site searches in Spanish and Portuguese for the first time. The search tools, available at the end of the month, aim to win Redwood City-based Excite more customers by tapping into Latin America's booming Internet market. It's also another feather in the cap for StarMedia, a closely held New York-based start-up that provides Internet services specifically for Latin America.
BUSINESS
February 17, 1999 | DAVAN MAHARAJ, legal business reporter
A Banner Decision? Playboy Enterprises Inc. is suing Internet search engine Excite Inc. because banner advertisements for "hard-core pornography" automatically appear when computer users type "Playboy" or "Playmate" as keywords. But so far the Bunny empire has taken no legal action against AltaVista, where banner ads for software that blocks children's access to adult Web sites pop up when the same keywords are used.
BUSINESS
January 16, 1998 | Reuters
Internet media company Excite Inc. said it will buy online advertising firm Matchlogic Inc. for 3.2 million shares of Excite stock. The company valued the acquisition at $89 million, but a recent run-up in Excite's stock price values the deal at $107.2 million, based on Wednesday's closing share price of $33.50. Company officials were not immediately available to say whether Excite would issue 3.2 million shares or pay $89 million in stock.
BUSINESS
May 7, 1998 | Bloomberg News
AT&T Corp. said it will sell online phone and multimedia services to customers of Excite Inc. in a three-year agreement, the second such AT&T alliance with an Internet company this week. The companies said they will introduce a new service, Excite Online Powered by AT&T WorldNet Service, which will offer customers access to Excite's online search directory. Excite and AT&T also will offer Internet-based multimedia services such as click-to-dial directories and conference calling. AT&T, the No.
BUSINESS
October 11, 2001 | Associated Press
Excite@Home Corp., which filed for bankruptcy protection last month, stopped taking orders for its high-speed Internet service, leaving cable operators with no way to hook up new subscribers. Existing service is not affected by the move, but subscribers will not be able to make changes to accounts, said a spokeswoman for Cox Communications Inc., an Excite@Home partner. Excite@Home, which provides access to 3.
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
April 24, 2001 | Associated Press
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.
BUSINESS
April 20, 2000 | From Bloomberg News
Excite@Home Corp., which provides high-speed Web access over cable-TV lines, and Viacom Inc.'s MTVi Group Inc. said they will develop a new music and entertainment site on Excite's Internet search directory. The new site, Music.excite.com, will debut this summer. It will include content geared to broadband, or Internet access through cable lines or other means that let a user get content, including video, at much faster speeds than over traditional phone lines. MTVi and Redwood City, Calif.
BUSINESS
January 31, 2000 | MICHAEL A. HILTZIK, TIMES STAFF WRITER
Excite@Home, stung by recent criticism that its "always on" broadband service leaves its subscribers vulnerable to hackers and other Internet mischief-makers, will start offering its customers special software to close such security gaps. The service, whose 1.2 million subscribers access the Internet at high speeds via their cable television lines, will today announce a plan to provide them with a "firewall" program from McAfee.com at a cut rate.
BUSINESS
August 17, 1999 | Ashley Dunn
Excite@Home, which runs the sixth-most-popular portal on the Internet, will announce today that it will invest $55 million in Tickets.com, an online provider of tickets for sports and entertainment events. Along with Excite's investment, Cox Interactive Media will announce today that it will invest $30 million in the Newport Beach-based company, which is trying to challenge Ticketmaster Corp. for supremacy in the online ticketing arena. Ticketmaster sued Tickets.com in U.S.
BUSINESS
June 12, 1997 | (Reuters)
Mountain View-based Intuit Inc. said it agreed to pay $40 million for a 19% stake in Internet search site operator Excite Inc. The companies also entered a seven-year agreement to develop sites on the World Wide Web where customers can manage their finances. Both companies see financial services on the Web as a potentially big source of additional revenue. Under the agreement, Intuit will buy 2.9 million shares of Excite at $13.50 a share.
BUSINESS
April 6, 1998 | GREG MILLER, TIMES STAFF WRITER
Excite Inc., one of the most popular navigation sites on the Internet, has agreed to acquire Classifieds2000 Inc., a leading online classified advertising company, for $48 million in stock. The acquisition, to be announced today, would put Redwood City, Calif.-based Excite in position to capture a large chunk of the Net's burgeoning classified market, which brought in $123 million in revenue last year, according to Jupiter Communications.
BUSINESS
August 3, 1999 | ASHLEY DUNN, TIMES STAFF WRITER
Stung by criticism that search engines have fallen hopelessly behind in indexing the 800 million pages of the World Wide Web, several search companies have launched themselves on a Herculean effort to scan and review the entire expanse of cyberspace. Excite@Home, which operates Excite, the third-most popular search engine, Monday announced plans to look at the Web's entirety using a new technology that will be deployed in the next few weeks.
BUSINESS
July 21, 1999 | From Bloomberg News, Times Staff
Spectacular second-quarter earnings at leading technology companies aren't wowing Wall Street, as investors instead worry about a possible growth slowdown at key firms in coming quarters. Lucent Technologies, the telecommunications equipment giant, took one of the biggest hits in Tuesday's market rout, despite reporting a 60% jump in operating earnings for the quarter ended June 30. Lucent shares dove 9%, down $6.89 to $69.94 on the New York Stock Exchange, where it was the most active stock.
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