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To: Educator who wrote (13375)	8/3/1999 10:36:00 AM
From: Mohan Marette	Read Replies (2) \| Respond to of 29970

Excite At Home Rises on Speculation Yahoo May Buy It (Update1) Bloomberg News August 3, 1999, 7:10 a.m. PT Excite At Home Rises on Speculation Yahoo May Buy It (Update1) (Updates stock activity. Adds analyst comment.) Redwood City, California, Aug. 3 (Bloomberg) -- Shares of Excite At Home Corp., which provides high-speed Internet access through cable-TV lines, surged as much as 13 percent on speculation Yahoo! Inc. may buy it for more than $17 billion. Yahoo, the No. 1 Internet search service, is in preliminary talks to buy Excite At Home, Business Week reported in its online edition. Excite At Home shares rose 4 13/16 to 47 3/4 in early trading of 6.8 million, making it the most active U.S. stock. Earlier it touched 49. Excite At Home said two weeks ago that it was in talks with Yahoo, Microsoft Corp., America Online Inc., Walt Disney Co. and Infoseek Corp. It declined to say what the talks were about or whether there would be a transaction. Excite said it wanted to quash speculation that other companies are bypassing Excite At Home to have discussions with AT&T Corp., which owns a 26 percent stake and holds nearly 58 percent of shareholder voting rights. ''Yahoo does need a broadband strategy or an (Internet service provider) strategy going forward,'' said Gene DeRose, chairman of Jupiter Communications Inc. ''How they compete with AOL and Microsoft over time is very important.'' Yahoo might spin off At Home as an independent company, although it and AT&T Corp. would retain sizable stakes, Business Week said. Excite At Home's service is attractive to Internet content providers as a platform for broadband services, including super- fast Internet access, phone service and interactive entertainment. Excite At Home had 620,000 subscribers as of June 30, from 460,000 subscribers in March. news.com