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Technology Stocks : AUTOHOME, Inc -- Ignore unavailable to you. Want to Upgrade?

To: Rob C. who wrote (19898)	3/1/2000 12:20:00 PM
From: ALTERN8	Respond to of 29970

Related Quotes ATHM 33 5/8 -11/16 delayed 20 mins - disclaimer Wednesday March 1, 11:59 am Eastern Time Company Press Release SOURCE: Excite@Home Excite@Home Expands Presence in Canada With Launch of Excite.ca Company Continues International Growth REDWOOD CITY, Calif., March 1 /PRNewswire/ -- Excite@Home (Nasdaq: ATHM - news), the leader in broadband, today continued its International expansion with the launch of Excite Canada, excite.ca . The localized site for Canadians is the first product launch of the Excite Canada Partnership, a 50:50 joint venture established between Excite, Inc. and Rogers Media Inc. in May of 1999. Excite Canada provides Excite's award-winning Internet services in a localized format to the entire Canadian marketplace backed by the considerable marketing and Canadian content resources provided by Rogers Media Inc. (PHOTO: NewsCom: newscom.com ) ``We expect International growth to be a stronghold in our overall growth for 2000 and Canada is an important market to us both in narrowband and broadband,' said George Bell, president and CEO, Excite@Home. ``Through our @Home affiliates, we've already got a strong presence with broadband in Canada with more than 6 million homes passed in our @Home footprint. With the launch of Excite.ca, we're now bringing Excite-branded content to any Canadian who is online.' Nearly half of the Canadian population (49 per cent of Canadians aged 12+) are now Internet users according to a September 1999 Internet study by ACNielsen, while an even larger group -- two thirds of Canadians -- have some form of access. With a growing number of people using the Internet at both home and work, Excite.ca provides users with a personalized ``starting point' regardless of where they choose to use the Web. CANADIAN PARTNERSHIP Excite@Home, along with its cable operator partners, is the leading provider of broadband Internet services in Canada. The company entered the market in 1997 with the @Home service through affiliate distribution agreements with Rogers Cable and Shaw Communincations. In 1999, Cogeco and Moffat Communications (Videon) joined with Excite@Home to make the @Home service available to its customers.

To: Rob C. who wrote (19898)	3/1/2000 8:07:00 PM
From: gpowell	Read Replies (2) \| Respond to of 29970

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. These numbers are lower than I had projected. We should expect to see a slight reduction in subscription revenue per subscriber as tiered pricing schemes are introduced into the market (lower access fees, lower bandwidth options). In addition, the revenue split will approach 50/50 between ad/e-commerce revenue and subscriber fees, by 2002. Subscriber growth, with the help of the self-install option, will approach 800,000 per quarter in 2002. I've lowered my expectations.