Frank,
What it boils down to is this.
Perception.
If AOL and GTE are showcasing how to have multiple ISP's over a cable line at this Cable convention... and it doesn't matter if the cable box is analog or digital, They NOW have a strong argument to go back to congress, the FCC or whoever they wish to plead their case to and say, Hey, ATHM and T are lying. Look at this, it works, and we're doing it! And it costs a MERE $60K to upgrade 80,000 homes.
WOW!
Before, they just had claims that it could be done. Anyone can claim anything. I didn't believe them. That's why I was way long on ATHM
I figure ATHM wouldn't lie to us, right? ATHM says it can't be done!
But for AOL/GTE to demonstrate it to the cable public scares the living daylights out of me.
I dumped ATHM today because of this "little" news event. And if T is saying its going to take 7 years to achieve profitablity, I have to wonder just how the heck ATHM expects to achieve profitablity in just 6 months.
I don't know where this stock is going, but right now I'm not clamoring at the chance to go long again.
-DavidCG
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