Home | Money News | Archives | Contact Us

SellHigh.Com/BuyLow.Com Personal & Group 
Private Financial & Business Publishing

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


Click To GWCC's Business Internet Services

Click Back To The Index


The Philadelphia Spirit Experiment Publishing Company
These graphics, images, text copy, sights or sounds may not be used without the expressed written consent of the Glistening Web Communications Corporation.

These private business publications are made possible, in part, by the support of Internet businesses such as:

Try Me?