Looking to give more autonomy to its media arm, Excite@Home plans to issue a tracking stock for the unit. Some analysts say the move should clear up some strategic questions surrounding the Net-over-cable firm.
"It can't hurt the situation and it really can't hurt the shareholders."
- Cahners In-Stat Group analyst Mike Paxton
Moves may boost Excite@Home stock
Following plans to issue a tracking stock for the firm's content and media business, analysts question whether the move will help boost the Net-over-cable company's sinking stock.
Excite@Home creates tracking stock update
Excite@Home says its board of directors approves plans for a tracking stock for its media assets, hoping to settle ongoing speculation about the future of the high-speed ISP.
AT&T weighs deals for Excite@Home stake
AT&T confirms it is considering possible business deals involving its interest in the cable Internet company, following rumors it planned to sell part of its stake in Excite@Home.
Why AT&T doesn't care about Net content
The communications giant shows signs that a festering conflict between the Excite content business and @Home's Net access arm may be at odds with AT&T's core strategy.
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