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Technology Stocks : AUTOHOME, Inc
ATHM 23.03+2.3%Jan 29 3:59 PM EST

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To: Solid who wrote (19218)1/24/2000 7:06:00 PM
From: E. Davies  Read Replies (1) of 29970
 
Hmmm. I noticed a curiosity here:

AT&T stands to gain a 32 percent interest in Road Runner -- MediaOne's interest in the service

MediaOne initially invested $1.5 billion in Road Runner, but that stake has appreciated greatly -- some say by as much as 10 times

Ok. Let me whip out my calculator here.
$1.5 Billion x10/.32= $46.9 Billon is the "value" of RR

@home has 2x the subscriber and 4x the footprint and a lot more infrastructure. So lets call @home 3x RR.

Yet ATHM has a market cap of $14.5 Billion. Boy are we cheap! Maybe Excite is worth -$125 Billion. Yup- that must be it.

Eric
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