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Technology Stocks : AUTOHOME, Inc

ATHM 23.14

+0.6%

Jan 23 9:30 AM EST

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To: Rob C. who wrote (19897)	3/1/2000 6:46:00 AM
From: Rob C.	Read Replies (2) of 29970

29 Feb 20:06 By Rick Jurgens SAN FRANCISCO (Dow Jones)--Excite@Home (ATHM) Chief Financial Officer Ken Goldman said he expects the company to surpass at least one of its 2000 targets: signing up 2.5 million to 2.8 million new subscribers. The company's other goals include increasing revenue 75% over the 1999 tally of $421 million and posting an operating profit for the year, he said. Analysts surveyed by First Call/Thomson Financial expect the company to earn 10 cents a share for 2000. Goldman declined to comment on the current estimate. Excite Chairman Tom Jermoluk said the company is on track to meet its 2002 target of $2 billion in revenue and operating profit equal to 35% of revenue. The Redwood City, Calif., cable Internet access provider and Web site operator now serves 4.8% of the 72 million homes that it can reach through cable hook-ups, Jermoluk said. The company now has marketing capabilities and experience that enable it to achieve 6% penetration within six months of gaining access to a new cable system, he said. -Rick Jurgens; Dow Jones Newswires; 650-496-1367; richard.jurgens@dowjones.com (END) DOW JONES NEWS 02-29-00 08:06 PM

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