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Technology Stocks : AUTOHOME, Inc

ATHM 23.11

0.0%

10:24 AM EST

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To: Jing Qian who wrote (13521)	8/4/1999 4:37:00 PM
From: ahhaha	Read Replies (2) of 29970

That's bad news. When the company wants to do something constructive one of the satraps is going to veto it. So what is the company and who is the CEO? The CEO is a figurehead. This company is led by committee. No company has ever survived which was led by no one. This LA Times article also smells a little. How could COX see a merger as contrary to its interests? COX needs what YHOO would bring too. The LA Times claim is based on an assumption that COX thinks their investment in ATHM which gives them little control is worth more than the revenue stream from what ATHM could generate. That is illogical. At the extreme it would be commensurate and so couldn't be a material reason for veto. On the other hand a merger can be constructed such that COX's interest or influence isn't diluted. I would like to find out where all these rumors which these media promote to fact are being created. On further consideration maybe I wouldn't since it smells a lot.

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