The Trust was established in the Excite@Home
Bankruptcy to assert claims against the company's former controlling shareholders, AT&T, Comcast and Cox.
has just filed for Chapter 11 protection in a US bankruptcy court, so the deal is subject to the court's approval and could be topped by higher bidders.
MatchLogic is a wholly owned subsidiary of Excite@Home
, (NASDAQ; ATHM).
says the investments serve to diversify the company's traditional business model, deepen its content offerings and extend its position in what it sees as areas with substantial growth opportunities.
Through his work with Excite@Home
and Upromise, George has led important consumer technology companies that have shaped markets.
The complaint alleges that defendants violated the federal securities laws by issuing analyst reports regarding Excite@Home
that recommended the purchase of Excite@Home
and which set price targets for Excite@Home
common stock which were materially false and misleading and lacked any reasonable factual basis.
says the transaction will allow it to focus on its core competency - providing broadband technologies and services.
Before Snapfish, Raj was an executive at Excite@Home
, where he helped grow the pioneering Internet company from fifty to 2,000 people, leading the company's e-commerce product efforts and broadband applications.
Today's announcement is not expected to have an impact on the pending Asset Purchase Agreement between Excite@Home
The final Excite@Home
Webcast auction will take place on October 23, 2002 and October 24, 2002 beginning at 9:00 a.
The alliance further enables broadband expert Excite@Home
to focus on its core competency -- providing broadband technologies and services -- and establishes Optus as the customer that benefits from these state-of-the-art offerings.
Prior to joining Sigma, Nicholas was most recently Senior Director, Software Products, for Excite@Home
International in Redwood City, California.