>>>Sold ATHM traders last week (whopping 4% profit!) when 'Nets showed continued weakness...remember what I said about being right there beside you at $40.00.
If Yahoo! don't buy the whole damm mess first....That'll twist up a Intuit/CheckFree Settlement..if they were pissing over portals for sure. Now with a NetWork that Large...I wouldn't mind being bought out.
Excite At Home in Talks to Sell to Yahoo, Business Week Says
Bloomberg News
August 2, 1999, 5:15 p.m. PT
Redwood City, California, Aug. 2 (Bloomberg) - Excite At
Home Corp., which provides high-speed Internet access through
cable-television lines, is in preliminary talks to sell the
company to Yahoo! Inc., Business Week reported in its online
edition. Yahoo, which has been in talks with Excite At Home for
six weeks, may buy it for more than $17 billion and possibly spin
off At Home as an independent company, though it and AT&T Corp.
would retain sizable stakes. Yahoo wants to develop its so-called
broadband strategy and needs a cable distribution channel to
carry radio, news and sports programming, the magazine reported.
Excite At Home said two weeks ago that it was in talks with
rivals Yahoo, Microsoft Corp., America Online Inc., Walt Disney
Co. and Infoseek Corp., though it declined to say what the talks
were about and whether there would be a transaction. Yahoo and
Excite At Home declined to comment on the Business Week story.
(Business Week, 8/1, www.businessweek.com) |
