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Technology Stocks : AUTOHOME, Inc
ATHM 23.76+1.2%Nov 28 9:30 AM EST
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To: E. Davies who wrote (13493)8/4/1999 2:21:00 PM
From: ahhaha  Read Replies (1) of 29970
 
Bell got a tan.

Jermo got excited. He's excitable, but that can also be constructive. The alternative is the no risk RBOC guaranteed return of mediocrity.

Att unjustifiably fears open access so they want broad participation from many narrow contents as a way to appease the communities. It's a PBS schmaltz ploy.

You can go back longer than a year on this thread and find many doubts expressed by me about the great glorious intervention of the now reincarnating Ma Bell. The thread preferred the guaranteed existence and safety under the tutelage of RBOC protection because they thought it meant their short term price prayer would be answered. The belief in Att given legitimacy was so strong that the prayer was answered by mass purchase of stock. It's called buying the hype and fulfilling your own prayer as along as you bought early.

They approved because it was another purchase like UMG without direct financial commitment. They leveraged their equity instead.

Att doesn't necessarily want or get YHOO stock. According to Businessweek's preferred and irresponsible interpretation Att would be relieved of some of it. Att wants subs. YHOO brings that to the deal. A merger gets Att what they want without having to give up critical control. YHOO also brings capability. Those guys can get the content that Jermo wants coming out of your box. Att sure can't complain about that because it would raise subs rate considerably. Say, double the rate at least.
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