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iWon is an Internet portal and search engine that offers users the chance to win money by earning entries in a sweepstakes.
Entries are earned by performing the normal tasks performed on the Internet such as using search engines, checking stock quotes, reading email, and keeping up to date on the news.
Among major early backers of iWon was Viacom, parent of CBS and MTV.
IWon picked up Excite which was valued at $6.7 billion just three years ago at the fire-sale price of under $10 million as part of the messy bankruptcy of Excite@Home, the company that developed the Excite portal.
But now iWon is among a small group of Internet companies that have managed, by not overextending themselves, to survive and pick gems from the remains of the fallen dot-com giants.
To operate Excite, iWon rushed to buy 270 servers from Dell Computer (news/quote) and enough storage from EMC (news/quote) Networks to hold 12 terabytes of information, most of which is Excite users' e-mail.
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