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Technology Stocks : AUTOHOME, Inc
ATHM 23.74+1.3%10:26 AM EST

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To: JayPC who wrote (18878)1/16/2000 12:20:00 PM
From: E. Davies  Read Replies (1) of 29970
 
In 3 years AOL/TWX will announce a tracking stock "to fully exploit the value of it's internet properties

In 3 years internet properties won't be given a special premium, except for the fact they will likely still be respectable growth stocks.

Yahoo will be growing @25% and earning (wild guess) $3-$5/share. Will that justify the $1000 price everyone is expecting?

AOL was in the same position. In a way it is good that ATHM is "undervalued", because the time will come when actual earnings potential is what counts and ATHM will be more stable. It could easily take 2-3 years for this to happen, but it will happen.

Eric
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