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Technology Stocks : AUTOHOME, Inc

ATHM 23.10

-1.5%

Dec 3 3:59 PM EST

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To: red_dog who wrote (13287)	8/2/1999 11:27:00 PM
From: E. Davies	Read Replies (1) of 29970

I keep trying to think what T , Comcast, Cox and others would want, after all they have the voting power. At least we've got an intelligent question here. Lets not forget that a "buyout" is nothing more than an exchange of stock. Why would AT&T want shares of YHOO instead of shares of ATHM? What does it get them? It only gets them something of value if some smaller portion of a broadband enabled Yahoo brings more stock value to AT&T than a huge portion of Excite@home will. There would also have to be some kind of synergy created with Excite as a Yahoo company. I can see Yahoo on steroids being an awesome thing, but I see a ton of overlap between Yahoo and Excite. What value is in that? Eric

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