@Home, @Home on the Range
A snippet from TheStreet.Com, covering the Cruttenden Roth Conference:.
@Home, @Home on the Range
Penetration, penetration, penetration. That's the mantra @Home
(ATHM:Nasdaq) CFO Kenneth Goldman was chanting at the
company's presentation.
Penetrate the cable-modem business this year, mass market those
modems next year. Some might point out that the company has
managed to lasso just 331,000 subscribers in its four years of
operation even though 13 million homes now have cable-modem
capability. To Goldman that illustrates @Home's potential. By 2002,
some 63 million personal computers and 15 million TVs in 2002 will
have Internet access, a nice market for @Home, Goldman says.
Goldman says by the second quarter of this year, consumers will
find standardized cable modems in stores, and PCs with cable
modems will appear by the end of the year. And watch for those
long-awaited Internet-ready, interactive set-top boxes, he says. They
will show up by the fourth quarter. "We now have it up and running,"
Goldman says. "General Instrument (GIC:NYSE) just has to get
the boxes out."
Cable-modem acceptance is growing. The company started in 1998
with 50,000 subscribers but pulled in 120,000 new subscribers last
quarter alone. Goldman hopes to spread the word about @Home
cable modem service through its recent merger with Excite
(XCIT:Nasdaq), which will give it access to Excite's 20 million
registered users.
@Home stock, meanwhile, rose 14% to close at 109 7/8 Thursday.
thestreet.com
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