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Non-Tech : Bill Wexler's Dog Pound
REFR 1.730+10.2%Nov 11 3:57 PM EST

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To: Bill Wexler who wrote (4441)10/29/1999 12:35:00 PM
From: Sophie Janne  Read Replies (1) of 10293
 
Uh huh, Bill, let's show everyone how bad you are at fundamental analysis and your inability to judge technology even when its potential is staring you right in the face.

Another Wexler Gem (from 2/98)

**ATHM has split 2:1, so his projections would be based on a current price of 14 1/2, price target < 2 1/2 **
Subject 19404

"ATHM: Currently 29 - price target < 5

The internet over cable! Dazzling speed! Great customer service! High reliability! @home (At Home) company promises this
and more. The company has several cable operators as investors. The cable companies will supposedly put in the
infrastructure and @home sits back and collects the monthly fees. Problem is that the cable companies get a big cut of the
take. Some have options (immediately exercisable) to buy millions of @home shares at $.50. Building the infrastructure to
support this boondoggle is enormously expensive and cable operators are swimming in debt already. @home still has
negligible sales, losses in the tens of millions (and climbing) and rollout plans are far behind schedule. Savvy investors who
see the FUTURE have decided not to wait and are willing to pony up $3.5 billion for the company. Here's something for you
to ponder: when is the last time your cable company upgraded your service (how about just adding one extra premium
channel)? How long did it take? My best advice: don't throw out your modem."
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