FairMarket to develop site for At Home Corp.

WOBURN (Bloomberg) — FairMarket Inc., which creates and operates online auction sites for other companies, agreed to develop a discount shopping site for high- speed Internet service provider At Home Corp. At Home will begin selling cut-rate goods from J.C. Penney Co., Dell Computer Corp., CompUSA Inc. and others by the end of the month over a site to be developed by FairMarket, FairMarket said in a statement. FairMarket will receive a share of the sales. The agreement may allow the Woburn, Massachusetts-based FairMarket to profit from the market for selling over-stocked and discounted merchandise over the Internet, which AMR Research Inc. has estimate could amount to as much as $22.5 billion by 2004. At Home has approximately 2.3 million subscribers worldwide.