Excite@Home

Year: 1999
Creator
Company: At Home Corporation (Excite@Home)
Location: Redwood City, California (the sign shown stood at 510 Broadway)
Room: The Gold Rush ↗

Description

Excite@Home is the company that At Home Corporation, a cable-modem internet provider, formed when it bought the Excite web portal on May 28, 1999. The sign shown stood at its offices in Redwood City in October 2001.

Importance

At Home paid approximately $7.2 billion for Excite, a web portal like Yahoo, because it wanted to combine web content with its broadband network. The company lost $1.46 billion in 1999. On September 28, 2001, Excite@Home agreed to sell its broadband business to AT&T for $307 million and filed for Chapter 11 bankruptcy.

Interesting fact

By the end of 1999, the @Home cable internet service had approximately 1.1 million subscribers.

Sources

At Home Corporation Form 8-K reporting completion of the Excite acquisition ↗US Securities and Exchange Commission (EDGAR) · 1999-06-14
At Home Corporation Form 10-K405 for fiscal 1999 ↗US Securities and Exchange Commission (EDGAR) · 2000-03
At Home Corporation Form 8-K, Exhibit 99.2: press release on sale to AT&T and Chapter 11 filing ↗US Securities and Exchange Commission (EDGAR) · 2001-10-15
At Home Corporation Form 8-K: Chapter 11 filing and asset sale to AT&T ↗U.S. Securities and Exchange Commission · 2001-10-15