Stock Watch: Excite@Home Gains as Cablevision Dispute Ends

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Stock Watch: Excite@Home Gains as Cablevision Dispute Ends

By Nora Macaluso
E-Commerce Times
Part of the ECT News Network
08/18/00 12:00 AM PT

Excite@Home (Nasdaq: ATHM) rose 7/8 to 14 7/16 Thursday following news that Cablevision Systems Corp. (NYSE: CVC) agreed to drop claims against the company and cable partners AT&T Corp., Cox Communications and Comcast.

As part of the settlement, Cablevision agreed to the extension of Excite@Home's distribution agreements with the three cable companies and the restructuring of the company's board of directors.

The agreement reportedly gives AT&T the right to buy Comcast and Cox's Excite@Home shares, boosting AT&T's stake in the portal company to 74 percent from 56 percent.

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