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@Home announces two-for-one split

Cable Net access service @Home Network announces a two-for-one stock split.

Cable Net access service @Home Network announced today a two-for-one stock split.

As reported earlier, @Home's board of directors has voted in favor of the split. The split still needs shareholder approval; a vote is expected at the company's annual shareholder meeting this spring.

The stock split will be the first for the company, which went public in July 1997. Sources were unclear as to when the stock split will take effect for shareholders of record.

Stock in @Home jumped 7.19, or 6.7 percent, to 114 in early morning trading. The company, which delivers high-speed Internet access via partnerships with 18 cable television operators, has seen its shares trade as low as 23.5 and as high as 131 in the past 52 weeks.

Tele-Communications Incorporated, which is in the process of being acquired by AT&T, is @Home's largest shareholder.

@Home, which trades on the Nasdaq, had roughly 117 million common shares outstanding at the end of 1998.