Excite@Home Reduces Workforce as Operations Wind Down

Operations Expected to Cease After February 28, 2002

REDWOOD CITY, Calif., Dec 14, 2001 /PRNewswire via COMTEX/ -- Excite@Home today announced a workforce reduction of approximately 400 employees, as the company prepares to cease operations after February 28, 2002. The workforce reductions are in line with the company's intention to conserve cash and to work to return value to its financial stakeholders.

Approximately 900 employees will assist with transition services for participating cable companies and an orderly shutdown of the company between December 15 and February 28, 2002. As transition activities are completed, the company expects to reduce its workforce accordingly.

This press release contains statements that may be deemed forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and the Company intends that such forward-looking statements be subject to the safe harbors created by those sections. These forward-looking statements include, among other things, statements relating to the continued provision or termination of the @Home service to its cable company customers; the company's ability to conserve cash and return value to its financial stakeholders; the company's ability to conduct an orderly shutdown, and the timing of such shutdown; and the nature, type, and completion of transition activities and the number of employees engaged in such activities; and the company's ability to provide service without interruption.

Actual results may differ materially due to a number of factors, including, but not limited to, the companies ability to engage in further negotiations with its cable company customers, the results of any such negotiations with its cable company customers, the company's ability to retain key employees; the company's ability to otherwise manage its operations, and other risks and uncertainties described in the Quarterly Report on Form 10-Q for the period ended September 30, 2001 and 8-K reports subsequently filed with the Securities and Exchange Commission.