Took your advice on @Home. The great news is that we will have the same customer base to draw upon. I hope that I have the constitution to hold on to the majority of my stock after we make our up and coming run.
GIC and SFA will also be installing boxes into the same customer base.
Have a good one.
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@Home sees '99 revenue of $400 million
By Bloomberg News
Special to CNET News.com
February 21, 1999, 4:25 p.m. PT
URL: news.com
BOSTON--@Home will have $400 million in revenue this year and $2 billion by 2002 as it gains more subscribers,
according to a senior executive of the high-speed cable Internet service.
The company, which had 310,000 subscribers at the end of December, will be able to sell the service to 60 million homes by
2001 as it builds out its infrastructure, said Charles Moldow, vice president of sales and marketing for @Home. He spoke at
Harvard Business School's "Cyberposium" technology conference in Boston.
@Home, which uses existing cable TV lines to link personal computers in homes and businesses to the Internet at high
speeds, had 1998 revenue of $48 million. The company agreed last month to buy No. 2 Internet search directory Excite,
which had $154.1 million in revenue last year. That purchase doesn't mean @Home won't continue to strike partnerships with
Excite competitors, Moldow said.
"Even with the Excite acquisitions, we're still talking with Yahoo, Microsoft, and America Online about working together,"
he said. He didn't elaborate on what type of partnerships.
@Home's "churn" rate, or the percentage of subscribers who cancel their service, is less than 3.5 percent, Moldow said.
"Unavoided churn--people who die or move--is 4.5 percent," he said. "So it means [customers] aren't moving and aren't
dying."
Copyright 1999, Bloomberg L.P. All Rights Reserved. |
