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Technology Stocks : AUTOHOME, Inc
ATHM 23.72+1.1%Nov 28 12:59 PM EST
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To: E. Davies who wrote (12492)7/16/1999 12:48:00 AM
From: FR1  Read Replies (2) of 29970
 
There are also media events that help keep pressure on ATHM.

I just watched CNN do an amazing hammer job on T/ATHM.

Armstrong presented his report to congress just recently. I read the transcript. Armstrong make a good case for ATHM. He clearly explained T's case. I heard others talk about his presentation and most feel he did a great job.

Then I saw the hourly CNN news coverage just now and could not believe my eyes. CNN presented T as a monopoly in the making. They spliced the video of the presentation to present only segments that make T look like a monopoly. They had clips of congressmen saying that multiple ISPs must be allowed. They presented the ROBC side of the story and never presented a word of T's side. They explained how two cities have already made it mandatory for T to allow other ISPs on the cable (no word about the appeal). CNN then explained how SF and Miami will be speaking up soon (basically begging the cities to vote for "Open Access").

It was like watching a tape made by AOL. I don't think I have ever seen a worse "reporting" job done on any story.

Why is the stock down? The mistaken belief that congress or the courts will strip away ATHMs advantage overnight (or make T dump ATHM overnight) is what drives the stock down. CNN was even using phrases like "AT&T may have to divest itself of some of its cable related holdings..". Implying that T should dump ATHM to prove it is impartial.
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