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Technology Stocks : AUTOHOME, Inc

ATHM 23.89

+2.2%

Dec 5 9:30 AM EST

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To: lml who wrote (13670)	8/6/1999 8:37:00 PM
From: Michael P. Michaud	Read Replies (1) of 29970

You must be referring the the next to the last paragraph: <<<Luckily for them, although Ma Bell now owns 58 percent of Excite@Home through its acquisition of TCI, it still does not have majority voting control over the other cable companies sitting on Excite@Home's board. >>> However, ATHM's annual report states the following on pg 37, Section entitled "We are controlled by TCI" "....If and when the merger of AT&T and TCI is complete, AT&T will control TCI and thus control us. Even if and when we complete the Excite merger, TCI or AT&T will continue to own more than 50% of our voting power" People forget about ATT's class B shares, which are worth 10 votes per share.

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