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Technology Stocks : IATV-ACTV Digital Convergence Software-HyperTV -- Ignore unavailable to you. Want to Upgrade?

To: mike.com who wrote (1994)	4/14/1999 8:40:00 AM
From: Jim Mulis	Read Replies (1) \| Respond to of 13157

Mike, I saw an interview with the cfo of ATHM last night on CNNfn. He thought that they may be at breakeven by year end. Note also how many homes are passed by two way capability. Jim AtHome Revenue Jumps Along With Subscriber Hookups REDWOOD CITY, Calif. (Reuters) - AtHome Corp., benefiting from the increasing pace of subscriber hookups to its high-speed cable Internet service, Tuesday reported a surge in revenues and a much narrower net loss for its first quarter. The company, owned by major cable companies including majority shareholder AT&T Corp (NYSE:T - news)'s Tele-Communications Inc. (Nasdaq:TCOMP - news), said revenue climbed to $25.1 million for the first quarter, a 30 percent increase over the fourth quarter and a quadrupling of the prior year's $5.7 million. Its net loss dropped to $18.1 million from $31.2 million. A rollout of high-speed Internet access helped boost results. AtHome said it now served more than 460,000 cable modem subscribers across North America, an increase of 39 percent from the 331,000 subscribers reported at the end of last year, 413 percent jump over the 90,000 subscribers reported a year ago. Homes with access to two-way upgraded cable modem system increased to 15 million by March 31, from 13.2 million at the end of last year. Those represent homes that could be hooked up to the service. The company said its loss was $8.9 million, or seven cents per share, before cost of distribution agreements, merger and acquisition-related costs, and investment gain from a business combination. AtHome said it spent $21.8 million for distribution agreements and merger and acquisition-related costs for the first quarter, compared with $19.5 million recorded in the first quarter of 1998. It said it had an investment gain from a business combination for the first quarter of 1999 of $12.6 million.