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April 17, 1997updated 05 Sep 2016 1:01pm

@HOME VALUED AT $1BN

By CBR Staff Writer

@Home Network Inc, the cable modem pioneer is now worth a shade over $1bn, according to new investors Bay Networks Inc, Sun Microsystems Inc, Motorola Inc, Rogers Cablesystems and Shaw Communications. Between them they’ve paid $48m for a stake of about 4.5% in the Mountain View, California company. @Home and its corporate arm, @Work has a network that uses a combination of the cable television industry’s hybrid fiber-co-axial infrastructure and its own network architecture and has ex- Silicon Graphics Inc president and chief operating officer Tom Jermoluk as chairman and chief executive. Existing investors, who didn’t participate in the placing, include Tele-Communications Inc, Comcast Corp, Cox Communications and venture capitalist Kleiner Perkins Caufield & Byers. @Home will also become part of its Motorola’s CyberSeed Venture program aimed at delivering next-generation content, tools and interactive services for broadband networks.

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