Feeds

Excite exits France, Germany and Spain

85 jobs lost

  • alert
  • submit to reddit

Maximizing your infrastructure through virtualization

The MD of Excite Europe has been forced to regret an interview he gave to the FT in which he said he would "rather sell the business for $1 than withdraw from Europe after all the time and money we have invested".

Oh dear. That was in April. Today, Excite@Home announced it is to close next month its portals in France, Germany and Spain because of sliding advertising revenues.

Some 85 jobs will go as part of the closure which could include some in the UK since Excite's European operation is based in London. .

The decision to shut these not insignificant European operations suggests that Excite has finally conceded defeat in the European portal arena. However, it maintains that operations in the UK and Italy are unaffected by the move. For how long? We don't know.

In a statement, Excite@Home chairman and CEO, Patti S Hart, said: "While it is disappointing that market conditions make it necessary to discontinue certain European businesses, it is important for us to continue to focus more closely on our strengths.

"We remain optimistic regarding the growth prospects for Excite UK and Excite Italia, and we will continue to concentrate on delivering value to our shareholders," he said.

Last month Excite@Home made 380 people redundant in the US on top on 250 given the boot earlier in the year. ®

Related Stories

Excite@Home slashes 380 jobs
Who will give me $1 for Excite Europe?

Top three mobile application threats

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
Microsoft: We're making ONE TRUE WINDOWS to rule us all
Enterprise, Windows still power firm's shaky money-maker
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.