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

To: E. Davies who wrote (29401)	11/9/2001 8:28:32 PM
From: E. Davies	Read Replies (1) \| Respond to of 29970

Hey- $10 Mill is greater than ZERO!! Funny how they couldnt manage any of this before the BK. corporate-ir.net Excite@Home Files Motion to Begin Sale of Certain Excite.com Media Assets REDWOOD CITY, Calif., Nov. 9 /PRNewswire/ -- Excite@Home today announced that it filed a motion seeking approval to sell certain narrowband assets related to its portal Excite.com. Excite@Home has entered into an agreement with InfoSpace, Inc. to sell certain Excite.com assets for $10 million. The assets include certain domain names, trademarks and user traffic, but do not include physical assets. The agreement also provides for certain transition services to be provided by Excite@Home to InfoSpace. The sale of the assets is subject to bankruptcy court approval and a bankruptcy court-supervised overbidding process, where bidders with higher and better offers may emerge. Houlihan Lokey Howard & Zukin Capital will manage the over-bid process for the narrowband assets relating to the Excite.com portal. "During the bidding process, Excite@Home will be working to return the best value to our financial stakeholders and to offer the best solution for continued service for our Excite users," said Patti Hart, chairman and CEO of Excite@Home. Excite@Home's request to sell portions of Excite.com maps to its continued focus on broadband products and services. The proposed sale to InfoSpace does not include any of the technology assets, employees, equipment, products and services required to continue providing a full-service broadband portal, including personalized start page, content, email, search and instant messenger, to @Home broadband subscribers.