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Mon, Jun 25, 2001 - Page 21 News List

Cable modems are hot, At Home is not

By Kathryn Harris  /  BLOOMBERG , LOS ANGELES

Hart was hired in April, shortly after the company disclosed its need to raise US$75 million in cash by June 30. Hart, a former Sprint Corp executive who was chief executive of Telocity Inc prior to its recent sale to Hughes Electronics Corp, spoke Tuesday to analysts and investors on a conference call, seeking to allay concerns about At Home's recent deals.

Her success was mixed. After the call, Bank of America analyst Douglas Shapiro said "buy," while Merrill Lynch analyst Henry Blodget issued a "neutral" recommendation, and Jefferies's Moran rated the stock a "hold."

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