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

To: 10K a day who wrote (22079)	5/11/2000 9:58:00 AM
From: Rob C.	Read Replies (4) \| Respond to of 29970

11 May 9:47 WASHINGTON (Dow Jones)--Excite@Home Corp. (ATHM) is seeking shareholder approval to increase the number of authorized shares of Series A common stock to 1 billion from 683.7 million, according to a filing Thursday with the Securities and Exchange Commission. The additional shares are needed to ensure Excite@Home has enough to issue upon the exercise of warrants held by Comcast Corp. (CMCSA), Cox Communications (COX) and @Home stakeholders. The Internet company also seeks the increase to raise equity capital, to adopt additional employee benefit plans, to acquire other companies and to grant warrants to cable companies for the distribution of the @Home service. Excite@Home also will ask stockholders at its annual meeting June 20 to increase the authorized number of shares of Series B common stock to 110 million from 30.8 million and to eliminate the Series K common stock. The increase in Series B common stock is needed to provide Excite@Home with enough shares to exchange for shares of Series A stock held by AT&T Corp. (T). AT&T holds a 25% equity stake in Excite@Home. As of May 4, Excite@Home had 397,189,104 common shares outstanding: 365.3 million shares of Series A, 30.8 million shares of Series B and 1.1 million shares of Series K. (MORE) DOW JONES NEWS 05-11-00 09:47 AM Copyright 2000 Dow Jones & Company, Inc.