Excite At Home Needs Cash

Financial Stress Continues

[rogerd]

According to an article in the Wall Street Journal - [interactive.wsj.com...] - Excite At Home needs to go back to the financing well again to make it through the year. (I'm not sure if the link will enable you to see the content if you are a non-subscriber :( )

Sluggish ad revenues and problems at AT&T Broadband are the major issues. Apparently, anything is for sale at the right price. Anyone want to buy a slightly used search engine, complete with portal?

[rcjordan]

Excite@Home survival chances dim [news.cnet.com]

Infoseek, Go, make room for another one to join you....

[littleman]

At last check it was trading at $0.52 a share.
Earn/Shr = -18.2
I hope they kill it outright instead of pulling a disney.

[rcjordan]

>kill it outright
>
The following caught my eye, and makes me think we'll see another collapse into GoTo

Blodget said Excite@Home is facing a Hobson's choice about its media business. The media business "could cost more to close than to keep running at a loss," according to Blodget.

Oh, I should have said

Infoseek, Go, and NBCi make room for another one to join you....

[Mike_Mackin]

REDWOOD CITY, Calif. (Reuters) — Struggling high-speed Internet access company Excite@Home said Friday it hired an investment banker to assist in exploring its financial and restructuring options as two cable-television partners ended pacts to distribute its Internet service.
From our archive
*Creditor wants $50M from Excite by Friday

Excite@Home said cable-TV partners Cox Communications and Comcast exercised their rights under their existing distribution agreements to terminate those deals on June 4, 2002. It did not say why. Excite@Home's other major cable-TV partner is AT&T, which is also its controlling shareholder.

[usatoday.com...]

[satanclaus]

Cox and Comcast wanted out so as to assure their customers about the stability of their service. People don't want to think they're riding on a sinking ship.