New stock hints at strategy for Excite@Home

 

latest developments

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. Previous coverage 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.