Patti Hart is starting to make good on her promises. The new Excite@Home
chairman and CEO unloaded the broadband Internet-service provider's BlueMountain.com online-greetings
service, selling it to American Greetings Corp. for $35 million.
Hart's predecessors bought BlueMountain.com for $780 million at the height of
the dot-com boom.
Excite@Home chief operating officer Matt Jones said in a prepared statement,
'The sale of BlueMountain.com maps our action plans to focus on broadband and to
bolster our cash position and lower operating costs.'
Also as part of the deal, BlueMountain.com will remain the preferred provider
of electronic greetings on Excite@Home for the next three years, the parties