Excite@home’s future uncertain, but cable modem customers should be secure
Forbes.com has posted an interesting article that exams Excite@home’s financial predicament. The company’s bind arises from a US$100 million loan that it took, which the lender can force Excite@home to pay back early if its stock is delisted from the Nasdaq, which looks to be inevitable at this point. The article also takes a look at how Excite@home came to be, and concludes that “if Excite@Home goes belly up, users of the company’s Web sites–most prominently the Excite.com portal–are likely to be left out in the cold.
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