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. But the 3.7 million customers of the firm’s high-speed access business will undoubtedly continue to receive service.”
