Skip to main content
No. of Recommendations: 0
Thursday July 15, 1:16 pm Eastern Time
Company Press Release
SOURCE: General Instrument Corporation

General Instrument Makes Strategic Investment in @Home Solutions

HORSHAM, Pa., and REDWOOD CITY, Calif., July 15 /PRNewswire/ -- General Instrument Corporation (NYSE: GIC - news) and Excite@Home (Nasdaq: ATHM - news) today announced that General Instrument will join @Home Solutions, Excite@Home's recently formed venture that offers turnkey, fully-managed and comprehensive broadband cable Internet services to small and medium-sized cable operators and systems, as a strategic technology partner and investor. General Instrument will invest in the joint venture to help speed the deployment of broadband services to the estimated 15 million homes and businesses passed by small and mid-sized cable operators.

``This investment demonstrates GI's commitment to the high-speed data-over- cable market,' said Dan Moloney, Senior Vice President and General Manager of GI's Advanced Network and Telecom Systems. ``Our investments in @Home Solutions and the company's marketing activities will reinforce GI's position as a leading supplier of DOCSIS-based cable modems. They will benefit from our dual-return DOCSIS-based SURFboard® cable modem, which is ideal for the smaller cable systems that may not yet be two-way activated. The modem offers 100% market coverage on `Day 1' by allowing either RF return or telco return path in the same product.'

``We are thrilled to have General Instrument join forces with Excite@Home as a strategic investor in @Home Solutions,' said Dean A. Gilbert, Senior Vice President and General Manager for Excite@Home. ``GI's involvement in @Home Solutions will provide a tremendous boost to our plans to deliver Web-based broadband services to small and mid-sized cable systems - reducing the digital divide between metropolitan and rural markets.'

Under the terms of the agreement, General Instrument will collaborate with @Home Solutions cable affiliates to address the financial and technical challenges associated with deploying residential and commercial cable-based Internet services to small and mid-sized markets. @Home Solutions will extend the current Excite@Home model, which complements the existing operations of cable operators, by providing services such as financing of cable and network equipment, expanded customer service, billing services, service installation, and marketing support. As part of the agreement, GI will be a preferred technology provider, offering its CableLabs Certified(TM) SURFboard SB2100 cable modem and the SB2100D dual-return modem to the venture.

Editor's Note: Other GI/Excite@Home Activities

GI recently achieved Excite@Home's Level 2 approval for its SURFboard high-speed cable modem, which confirms that the telco-return modem is interoperable with DOCSIS-compliant headends and OSS equipment. GI will provide its SB2100 cable modem to Excite@Home affiliate systems. In addition, GI has signed an OEM partnership agreement with Excite@Home. GI will provide trained personnel and resources to service and support its SURFboard cable modems. Excite@Home will provide SURFboard support information on its Web site and allow GI to participate in its marketing programs and industry support summits. GI will also have the ability to license Excite@Home trademarks and logos in the future.

GI is currently a sponsor of the ``Cable Internet Revolution Expo,' a traveling exposition of broadband Internet products and services that is visiting 20 shopping malls across North America to promote DOCSIS cable modems and high-speed Internet access over cable. Additionally, GI recently sponsored an Excite@Home Product Strategy Summit (June 24-25 in Las Vegas, Nevada), which offered GI an opportunity to build product awareness with Excite@Home and its MSO affiliates.

About @Home Solutions

@Home Solutions offers more than a simple connection to the Internet. The joint venture leverages Excite@Home's distributed, intelligent network that utilizes sophisticated caching and replication technologies to create a high- performance ``parallel' Internet. @Home Solutions enables affiliated cable operators to benefit from the scale and leverage afforded by Excite@Home's nationwide backbone, compelling content, and strategic technology partnerships.

About Excite@Home

Excite@Home is a global media company based in Redwood City, Calif. Through the company's narrowband portal, Excite (, and broadband services, @Home and @Work, the company uniquely offers consumers content and interactive services across both narrowband and broadband, and advertisers highly targeted marketing solutions across all platforms of delivery. Leveraging the high-speed, always-on attributes of cable, Excite@Home empowers unique multimedia applications that go beyond current Web experiences. The company will combine the Excite brand - one of the best known names on the Internet with 70 percent recognition among Web users -with @Home's broad distribution, a worldwide footprint of more than 65 million cable homes, to deliver on its vision of ``All Band, All Device, All the Time.'

About General Instrument

General Instrument is a leading worldwide provider of integrated and interactive broadband access solutions, teaming with its business partners to lead the convergence of the Internet, telecommunications and video entertainment industries.

Visit General Instrument at its Web Site --

SURFboard is a registered trademark of General Instrument Corporation. Excite@Home, Excite, the logo, @Work, and @Home are trademarks of At HomeCorporation and may be registered in certain jurisdictions. All other brand and product names are trademarks of their respective owners.

This press release contains forward-looking information within the meaning of Section 27A of the Securities Exchange Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbors created by those sections. Risks include numerous technological, operational and financial challenges associated with developing and deploying residential and commercial cable-based Internet services to small and mid-sized markets. The matters discussed in this press release also involve risks and uncertainties described from time to time in GI's and Excite@Home's filings with the Securities and Exchange Commission. GI and Excite@Home assume no obligation to update the forward-looking information contained in this press release.

SOURCE: General Instrument Corporation

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.