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

To: Frank A. Coluccio who wrote (5623)	2/20/1999 6:23:00 PM
From: Boplicity	Read Replies (1) \| Respond to of 29970

At Home Sees $400 Mln in Revenue in 1999, $2 Bln by 2002 Boston, Feb. 20 (Bloomberg) -- At Home Corp. will have $400 million in revenue this year and $2 billion by 2002 as it gains more subscribers to its high-speed Internet service, according to an At Home executive. The company, which had 310,000 subscribers at the end of December, will be able to sell the service to 60 million homes by 2001 as it builds out its infrastructure, said Charles Moldow, vice president of sales and marketing for At Home. He spoke at Harvard Business School's ''Cyberposium'' technology conference in Boston. At Home, which uses existing cable TV lines to link personal computers in homes and businesses to the Internet at high speeds, had 1998 revenue of $48 million. The company agreed last month to buy No. 2 Internet search directory Excite Inc., which had $154.1 million in revenue during 1998. That purchase doesn't mean At Home won't continue to strike partnerships with Excite competitors, Moldow said. ''Even with the Excite acquisitions, we're still talking with Yahoo, Microsoft and America Online about working together,'' he said. He didn't elaborate on what type of partnerships. At Home's ''churn'' rate, or the percentage of subscribers who cancel their service, is less than 3.5 percent, Moldow said. ''Unavoided churn -- people who die or move -- is 4.5 percent,'' he said. ''So it means (customers) aren't moving and aren't dying.'' Harvard's Cyberposium, which is held at the Harvard Business School's campus in Boston, ends today.