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Technology Stocks : AUTOHOME, Inc

ATHM 22.05

-4.3%

3:59 PM EST

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To: E. Davies who wrote (18209)	12/25/1999 11:28:00 AM
From: Brian P.	Read Replies (1) of 29970

<< How can something so obviously revolutionizing be so ignored in a market that is so focused on the future? >> fool.com It isn't surprising that AT&T will eventually open its cable. It is simply good business. Excite@Home's stock tumbled on the December news, even though Excite@Home promises to lead in cable Internet access despite the status of AT&T's cable in 2002. Excite@Home has exclusive deals with cable partners outside of AT&T that cover some 60 million homes, and the company will likely continue to be the number-one ISP over AT&T's cables, too, even after this cable opens to competitors. Some competitors will even be paying Excite@Home for cable use. However, as long as the stock market is spooked about the "open access" news, Excite@Home's stock will probably waver for a while. We'll check back next year to see how it fares longer term.

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