Article Abstract:
Excite At Home Corp., which provides Internet access over cable lines, and its cable owners, notably AT&T Corp., have been having involved talks on how to resolve issues facing the firm. Issues at hand include settling the disputes with online firms, America Online Inc. in particular, on access to cable systems, as well as the simplification of the rules governing Excite At Home, and how to deal with AT&T's plans to concentrate on high-speed Internet access distribution rather than on content. Talks have restarted with Yahoo! Inc., AOL and Microsoft Corp. on possible accords to allow their services to go out over Excite at Home's services. AT&T has floated the idea of dividing up Excite At Home such that the access network would be completely separate from content. AT&T chair C. Michael Armstrong says that the firm will wait until 2002 to open up At Home's home page to other online service providers. Excite At Home's chairman, Tom Jermoluk, says that the firm is not being buffeted by the cable industry, but rather controls an essential portion of the future of broadband Internet services, which is why major players are keen on obtaining an accord with Excite At Home.
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Article Abstract:
PriceLine.com Inc. has formed another online service, WebHouse Club Inc., that will permit Internet customers to bid on grocery items. The Web-based grocer differs from other e-commerce services such as Webvan Group Inc., Peapod Inc. and Grocer.com Inc. by requiring that customers go to local grocery stores to retrieve their purchased items. The company expects to establish its first service in New York in November of 1999, having attracted $65 million in startup capital from Goldman Sachs Group Inc. and Vulcan Ventures Inc., among others. The company believes customers will prefer lower prices to the convenience of door-to-door delivery offered by its competitors.
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Article Abstract:
Webvan Group Inc. announces fourth-quarter results that are substantially lower than earlier estimates. The company, headquartered in Foster City, CA, will report revenue of $84 million, a figure that is 16% lower than estimated. The company's dwindling stock price may cause the company to lose its Nasdaq Stock Market listing.
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