Brand: MacNews

Excite@home posts huge loss, needs cash to stay afloat

Excite@home, the leading provider of cable Internet service in North America, has reported a net loss of US$346.3 million for its second quarter, as revenue declined 7 percent to $138.6 million. The company also pushed back its profitability target (before interest, taxes, depreciations, and amortization) to the fourth quarter instead of the third quarter, and announced that it will need more cash before the year’s end to stay afloat.

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Apple a founding member of HyperTransport consortium

Apple is one of nine leading tech companies that have formed the HyperTransport Technology Consortium, a group that supports the future development and adoption of AMD’s HyperTransport technology. HyperTransport technology is similar in functionality to a PCI bus, but can transfer data at up to 6.4GB/sec, some 50 times faster than PCI. “HyperTransport represents a great technology with exciting future potential,” said Apple senior VP of Hardware Engineering Jon Rubinstein.

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