Short Take: AT&T, Excite@Home end dispute

AT&T and Excite@Home today announced shareholder approval for a proposal originally forged in March. AT&T's voting stake in Excite@Home will increase to 74 percent from 56 percent and a new board of directors has been formed. Also, Excite@Home and AT&T have extended their relationship through 2008, and Comcast and Cox have extended their relationship with Excite@Home through 2006. The completion of the extensions, in conjunction with the newly assigned board, reflect a common belief among Excite@Home and its cable partners that growing subscribers on high-speed cable Internet services is a key objective over the coming years, the company said in a statement.