To: Bill Harmond who wrote (41658 ) 2/21/1999 8:08:00 PM From: Glenn D. Rudolph Respond to of 164684
The Net @Home sees '99 revenue of $400 million Lycos "bullish" on USA buyout News.com wins third newspaper award Are Amazon, Yahoo stocks bargains? Study: Most workers get inappropriate email Personal Technology OSHA ergonomics plan draws opposition AMD to roll out K6-III chip Gateway embraces AMD chips E-Commerce Paul Allen owns stake in bookseller Home Depot builds e-commerce plan Services and Consulting New head of EDS feels need for speed USN to sell its assets to CoreComm Did you miss a day? > One Week View News OptionsOne Week View Desktop News News Alerts My News.com Advanced Search Push Special Offersfrom our sponsors • "In the Company of Giants" • $1 computers? Bid here! • IT execs shop here & save • Apply for 3.9% APR FREE Newsletter sample > Front door | Enterprise Computing | E-Commerce | Communications | The Net | Personal Technology | Services and Consulting | Year 2000 | CNET Investor | CNET Radio | Perspectives | Rumor Mill | One Week View @Home sees '99 revenue of $400 million By Bloomberg News Special to CNET News.com February 21, 1999, 4:25 p.m. PT BOSTON--@Home will have $400 million in revenue this year and $2 billion by 2002 as it gains more subscribers, according to a senior executive of the high-speed cable Internet service. 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 @Home. He spoke at Harvard Business School's "Cyberposium" technology conference in Boston. @Home, which uses QUOTE SNAPSHOT February 21, 1999, 4:30 p.m. PT ATHM 0.0000 0.0000 0.00% XCIT 0.0000 0.0000 0.00% by symbol by name > more from CNET Investor Quotes delayed 20+ minutes 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, which had $154.1 million in revenue last year. That purchase doesn't mean @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. @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." Copyright 1999, Bloomberg L.P. All Rights Reserved. Do you want to know more? * View story in The Big Picture * Go to Message Boards * Search News.com