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08/20/2001 Archived Entry: "@Home: At the End of Its Rope?"

InternetNews - Business News -- @Home: At the End of Its Rope?
Excite@Home Corp.'s situation appears to have gone from bad to worse as investors reacted to the company's 10-K filing with the Securities and Exchange Commission (SEC) Monday -- a filing which admitted that the company has "substantial doubt" as to its ability to continue as a going concern.

"Our stockholders have approved a reverse stock split which would, if our board of directors elects to implement it, increase the trading price of our Series A common stock above $3, but we cannot assure you that this would result in a sustained increase above the minimum bid price requirements," told the SEC. "Therefore, our existing cash and other liquid assets may not be sufficient to fund operations through the end of 2001. These conditions raise substantial doubt about our ability to continue as a going concern."