Is Excite@Home Splitting Up?

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Here at TIME Digital we may be celebrating venture capitalist John Doerr as Number 16 on our latest annual ranking of the digital elite. But investors are gleefully betting that one of his biggest deals of the year is about to unravel.

It was January when the hot cable broadband company At Home announced that it was using its amped stock to merge with the Yahoo-wannabe Excite. The match was hailed as a commonsense combination of access and content -- "The Media Network of the Next Century" -- and the value of the two companies soared on the prospect of a broadband portal. Doerr's firm Kleiner Perkins was at the center of the deal, having helped launch both companies (which not so coincidentally were across the street from each other in Redwood City, California). More > > >