Excite@Home Says Its CFO Is Resigning
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Excite@Home said its chief financial officer, March McEachen, is resigning to “pursue other opportunities,” adding to the long string of bad news coming from the nation’s largest provider of high-speed Internet access.
The company has said it needs more financing to survive in 2002, and its auditors recently expressed doubt that could happen, pointing to its $1-billion debt.
AT&T; Corp. owns 23% of Excite@Home stock and has a 74% voting stake.
Shares of At Home, which does business as Excite@Home, rose 4 cents to close at 39 cents on Nasdaq.
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