AT&T CORP
SC 13D/A, 2001-01-12
TELEPHONE COMMUNICATIONS (NO RADIOTELEPHONE)
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                                  UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                 SCHEDULE 13D/A
                                (Amendment No. 3)

                    UNDER THE SECURITIES EXCHANGE ACT OF 1934

                               AT HOME CORPORATION
             ------------------------------------------------------
                                (Name of Issuer)

                SERIES A COMMON STOCK, PAR VALUE $0.01 PER SHARE
             ------------------------------------------------------
                         (Title of Class of Securities)

                                    045919101
             ------------------------------------------------------
                                 (CUSIP Number)

                             MARILYN J. WASSER, ESQ.
                       VICE PRESIDENT -- LAW AND SECRETARY
                                   AT&T CORP.
                             295 NORTH MAPLE AVENUE
                             BASKING RIDGE, NJ 07920
                                 (908) 221-2000
             ------------------------------------------------------
                  (Name, Address and Telephone Number of Person
                Authorized to Receive Notices and Communications)

                                January 11, 2001
             ------------------------------------------------------
             (Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box: [ ].


================================================================================

<PAGE>

      This Amendment No. 3 amends the Schedule 13D originally filed on March 19,
1999 (as amended by Amendment No. 1 filed on March 30, 2000, and Amendment No. 2
filed on September 5, 2000, the "Schedule 13D") by AT&T Corp. ("AT&T") and
relates to shares of Series A common stock, par value $0.01 per share (the
"Series A Common Stock"), of At Home Corporation, a Delaware corporation
("Excite@Home" or the "Issuer"). The Issuer's principal executive offices are
located at 425 Broadway Street, Redwood City, CA 94063. Pursuant to Rule 13d-3
under the Exchange Act, this Amendment No. 3 also relates to the shares of
Series A Common Stock issuable upon conversion of shares of the Series B common
stock, par value $.01 per share ("Series B Common Stock"), of Excite@Home.
Capitalized terms used without definition in this Amendment No. 3 shall have the
respective meanings ascribed to them in the Schedule 13D. References to "herein"
and "hereof" are references to the Schedule 13D, as amended by this Amendment
No. 3.

ITEM 3.     SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.

            Item 3 of the Schedule 13D is hereby amended by adding the following
to the end thereof:

            On January 11, 2001, AT&T received notices of exercise from each of
Comcast and Cox of the Puts that were originally granted by AT&T to each of
Comcast and Cox pursuant to the Letter Agreement and that relate to shares of
Series A Common Stock. Together, these Put exercises provide for AT&T to
purchase from Cox and Comcast, or their respective subsidiaries, an aggregate of
60,367,780 shares of Series A Common Stock at the price of $48 per share, with
the consideration for such Series A Common Stock shares to be paid by AT&T in
shares of AT&T common stock.

            The foregoing description of the notices of exercise is qualified in
its entirety by reference to the text of the notices of exercise of each of
Comcast and Cox, which are filed as Exhibits 1 and 2, respectively, to this
amendment and are hereby incorporated by reference herein in their entirety.


ITEM 4.     PURPOSE OF TRANSACTION.

            Item 4 of the Schedule 13D is hereby amended by incorporating and
repeating at the end thereof the response to Item 3 set forth above in this
Amendment No. 3.


ITEM 6.  CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
         RESPECT TO SECURITIES OF THE ISSUER.

            Item 6 of the Schedule 13D is hereby amended by incorporating and
repeating at the end thereof the response to Item 3 set forth above in this
Amendment No. 3.

                                  Page 2 of 5

<PAGE>

ITEM 7.     MATERIAL TO BE FILED AS EXHIBITS.

      1.    Notice of exercise, dated January 11, 2001, by Comcast of the Put
            granted by AT&T pursuant to the Letter Agreement.

      2.    Notice of exercise, dated January 11, 2001, by Cox of the Put
            granted by AT&T pursuant to the Letter Agreement.

      3.    Press Release, dated January 12, 2001.


                                  Page 3 of 5

<PAGE>

                                   SIGNATURES

      After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.

Dated:  January 12, 2001

                                    AT&T CORP.

                                    By:   /s/ Marilyn Wasser
                                         -------------------------------
                                    Name:   Marilyn Wasser
                                    Title:  Vice President - Law & Corp. Secy.



                                  Page 4 of 5

<PAGE>

                              INDEX OF EXHIBITS


Exhibit No.   Item
-----------   ----

     1.       Notice of exercise, dated January 11, 2001, by Comcast of
              the Put granted by AT&T pursuant to the Letter Agreement.


     2.       Notice of exercise, dated January 11, 2001, by Cox of the
              Put granted by AT&T pursuant to the Letter Agreement.

     3.       Press Release, dated January 12, 2001.


                                  Page 5 of 5



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