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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): SEPTEMBER 10, 1997
EXCITE, INC.
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(Exact name of Registrant as specified in its charter)
CALIFORNIA
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(State or other jurisdiction of incorporation)
0-28064 77-0378215
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(Commission (IRS Employer
File Number) Identification No.)
555 Broadway, Redwood City, CA 94063
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(Address of principal executive offices) (Zip Code)
(415) 568-6000
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(Registrant's telephone number, including area code)
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(Former name or former address, if changed since last report)
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ITEM 5: OTHER EVENTS.
On September 10, 1997, Excite, Inc. ("Excite") and Preview Travel, Inc.
("Preview Travel") entered into an agreement pursuant to which Preview Travel
will work with Excite to create and program content for the Travel Channel on
the Excite Network including an online travel service. The travel service will
be distributed through Excite's Travel Channel (http://city.net), WebCrawler
(http://webcrawler.com) and Preview Travel (http://previewtravel.com). The
agreement, which has a term of five years, provides that Preview Travel will be
the "premier provider" of and default reservations service for the Excite Travel
Channel.
The companies will share advertising, content partnership and
transaction revenue generated by the collaborative service. The agreement with
Preview Travel provides that Preview Travel shall make aggregate guaranteed
payments to Excite in excess of $15.0 million over the term of the agreement.
This agreement may be terminated by Preview Travel in the event certain
minimum page views are not met. In the event these minimum page views are not
met, the amount of guaranteed payments could also be reduced. There can be no
assurance that the Excite Travel Channel will achieve consumer acceptance, that
competing services will not gain consumer acceptance or that Excite will be
able to meet its minimum page view obligations.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
EXCITE, INC.
Date: September 26, 1997 By: /s/ Robert C. Hood
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Robert C. Hood
Executive Vice President, Chief Administrative
Officer and Chief Financial Officer
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