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EXCITE INC. (Now part of @Home)

Company Profile

Excite was one of the first World Wide Web search engine companies. They own both the Excite and WebCrawler brands. Ever since we started monitoring spiders, Excite has been known as the most aggressive. Though they are slow to add new pages, they appear to have one of the most thorough databases.

Try em out:

Acquisition Costs (First Time)

date: Oct. 20, 1998

The primary reason for purchasing the stock at this time was the ability to sell a covered call and instantly obtain a 7.75% return on our investment.

Buy 100 Shares @ 32 13/16 XCIT EXCITE INC. $3,281.25

Commission $25.00

TOTAL $3,306.25

Net Profit

Sale Date: Novemeber 10, 1998

Our "Open Call" option was exercised at the strike price of $35.00/share.

Net proceeds from the sale. $3,455.63

Less acquisition costs = net profit before taxes $149.38

Less Est. Taxes @ 28% $41.83

Net Profit $107.55

Acquisition Costs (Second Time)

date: December 23, 1998
After we bought Excite the first time, we sold a call option. That option was exercised, and our shares were "called in" (sold). Since we still liked the company, we went out and bought another 100 shares. Again, we have sold a call option.

Buy 100 Shares @ 48 7/16 XCIT EXCITE INC. $4,843.75

Commission $14.95

TOTAL $4,858.70

Net Profit

Sale Date: Febuary 19, 1999

Our "Open Call" option was exercised at the strike price of $60.00/share.

Net proceeds from the sale. $5,984.85

Less acquisition costs = net profit before taxes $1,126.15

Less Est. Taxes @ 28% $315.32

Net Profit $1,013.60

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						Commission		$25.00
Buy		100 Shares @ 32 13/16		XCIT		EXCITE INC.		$3,281.25
						TOTAL		$3,306.25

						Less acquisition costs = net profit before taxes		$149.38
						Net proceeds from the sale.		$3,455.63
						Less Est. Taxes @ 28%		$41.83
						Net Profit		$107.55

						Commission		$14.95
Buy		100 Shares @ 48 7/16		XCIT		EXCITE INC.		$4,843.75
						TOTAL		$4,858.70

						Less acquisition costs = net profit before taxes		$1,126.15
						Net proceeds from the sale.		$5,984.85
						Less Est. Taxes @ 28%		$315.32
						Net Profit		$1,013.60

EXCITE INC. (Now part of @Home)

Company Profile

Acquisition Costs (First Time)

Net Profit

Acquisition Costs (Second Time)

Net Profit

Click To GWCC's Business Internet Services Click Back To The Index

Click To GWCC's Business Internet Services
Click Back To The Index