- 阅读理解A
题干: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.
题目: Excite is eager to join such powerful companies as AT&T and TCI because(). - A 、it is at a competitive disadvantage in the Internet market
- B 、it expects to expand its shareholding over AT&T and TCI
- C 、it wishes to expand its coverage of online shopping sites
- D 、it is about to go bankrupt and has to sell itself
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【正确答案:A】
第二段第五句提到,Excite已落后于像Yahoo!这样的网络公司,所以正在寻找一个更强大的合作伙伴;第三段第一句提到,因为Excite急于想扩大自己的买卖,扩展自己的市场能力,很热衷于同AT&T和TCI的联合。
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- 1 【阅读理解A】Why does At Home want to buy Excite?()
- A 、Because Tom Jermoluk wants to control his strongest competitor
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