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Technology Stocks : InfoSpace (INSP): Where GNET went!
INSP 119.16-8.7%3:59 PM EST

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To: levy who wrote (25923)5/3/2001 10:26:51 PM
From: The O   of 28311
 
ExciteAtHome may shut Excite.com - report
May 03, 2001 6:35:00 PM ET

SAN FRANCISCO, May 3 (Reuters) - The Internet service and content provider ExciteAtHome Corp (ATHM) may consider shutting down its popular Excite.com Internet portal if it can not find a buyer, according to a report in Business Week.

The report, which will run in the magazine's May 14 issue, said new ExciteAtHome Chief Executive Patti Hart is exploring options to sell Excite.com and could shut it down over the next several months if no buyers emerge.

The company, which was formed through the merger last year of Excite.com and the high-speed Internet service provider AtHome Corp, was one of the most celebrated companies during the dot-com heyday, with its Internet portal often ranking second in popularity behind Yahoo! Inc (YHOO).

But it has struggled to make money on its media services, which have suffered from the collapse in the online advertising market. Last month, ExciteAtHome said it would look into possible alternatives for its media business so that it could focus on its popular high-speed subscriber business.

Asked whether the company might consider a complete shutdown if no buyers emerge, a spokeswoman for ExciteAtHome Thursday declined comment. REUTERS

© 2001 Reuters
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