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    題干:HighspeedInternetproviderAtHomeCorp.isbuyingExciteInc.,oneoftheleadingdestinationsontheWorldWideWeb,forabout$6.7billioninstockinoneofthelargestInternetcompanydeals.ThedealannouncedtodaywouldsurpassAmericaOnlineInc.’s$4.2billionacquisitionofNetscapeCommunicationsCorp.lastyear.BasedonclosingstockpricesFriday,Exciteisworthabout$3.4billion,whichwouldmeanthatAtHomewouldbepayingahugepremium.ThedealcouldeventuallygivetelecommunicationsgiantAT&TCorp.controlofoneofthehighlysoughtafterportalsthatserveasentrypointsontotheInternet.AtHomeisownedbyTele-CommunicationsInc.,CoxCommunicationsandseveralotherinvestors.TCIisintheprocessofmergingwithAT&TCorp.ina$39billiondealthatisexpectedtobecompletedbyspring.AT&TCorp.chiefexecutiveMichaelArmstronghasstatedhewantstouseAtHomeasaconduitfordeliveringawiderangeofcommunicationsservices,includingelectroniccommerce.ControloverExcite,whichhasasearchengineandlinkstoseveralonlineshoppingsites,wouldcertainlyenhancethatgoal.Excite,whichhaslaggedbehindotherWebsitecompanies,suchasYahoo!,hasbeenlookingforalargerpartnerintherapidlyconsolidatingInternetportalmarket,especiallyinwakeoftheAOL-Netscapedeal.SeveralothercompanieshadbeenrumoredtobeinterestedinExcite,includingYahoo!Inc.andMicrosoftCorp.NegotiationsbetweenYahoo!andExcitebrokeoffthisweekend,accordingtopublishedreports.Excite,eagertoextenditsreachandmarketpower,wasattractedbyanalliancewithAT&TandTCI.Excite’sshareholdersareexpectedtoownabout30percentofthecombinedcompany,whichwouldbeknownasAtHomeNetworks.ExcitechiefexecutiveGeorgeBellwouldtakeapositiononthenewcompany’sexecutiveboard,reportingtoAtHomechiefexecutiveTomJermoluk.AtHome,whichdelivershigh-speedInternetserviceovercableTVlines,hasmorethan330000customers.ThedealwouldgiveitaccesstoExcite’smorethan20millionregisteredusersandtothecompany’scontentdevelopmentcapabilities.BothcompaniesarelocatedinRedwoodCity,Calif.AtHome,whosestockhasrisennearly300percentoverthepastyear,hasthemoneytomakeadeal,MichaelHarris,presidentofKineticStrategiesInc.toldMSNBC.“WithAtHome’sexistingstockvaluation(ofabout$11.7billion),it’sbeensurprisingtheyhaven’tdonemoredeals.They’vecertainlygotahugewarchestbuiltup.”Neithercompanyhasyetmadeaprofit.InthethreemonthsendedSep.30,Excitelost$6.8milliononrevenueof$44million,includingacquisitionandamortizationexpenses.Inthesameperiod,AtHomelost$9.7million.
    題目:Why does At Home want to buy Excite?()
  • A 、Because Tom Jermoluk wants to control his strongest competitor
  • B 、Because it wants to expand its business through Excite’s present resources
  • C 、Because both companies are based in Redwood city, California
  • D 、Because it has lost $ 9.7 million in the last three months

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【正確答案:B】

根據第三段第三、四句,At Home現有33萬用戶,與Excite的這場交易可以使他獲得(give it access to)Excite公司2000多萬網上用戶,以及該公司的目錄開發能力。另一方面,Excite認識到自己已落后于像Yahoo! 這樣的公司,想尋找強大的伙伴,在網址管理公司目前的兼并潮中站穩腳跟。

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