@Home (ATHM) is on track in becoming the AOL of internet broadband. The CEO said today they will be profitable by the end of this year with 1 million subscribers. Of course this depends on AT&T's ability to defend monopoly power to be the only provider of internet cable-modem services for the households @Home serves.
AtHome is "on track" for 1 million broadband subscribers by year's end, when the company will also hit profitability, the company's chief executive said Tuesday. Follow the merger, the media division of the cable-online-services company will supply about 45 percent of total revenue, compared with 15 percent in the current AtHome. Subscription fees to the AtHome service, which allows speeded-up Web surfing, will supply another 45 percent of the combined company's revenue. The remainder will come from the company's work-related service. The second half of the year promises to be an eventful one for Redwood City, Calif.-based AtHome. The company is expected to turn a profit in the fourth quarter, reversing a $7.6 million loss, excluding charges, posted in the same quarter last year. The number of AtHome subscribers by the end of the year is expected to triple to 1 million from the level at the beginning of 1999, according to the company. - CBS Marketwatch
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