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Technology Stocks : AUTOHOME, Inc

ATHM 23.43

-2.1%

Nov 26 3:59 PM EST

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To: Rick_Barry who wrote (19620)	2/13/2000 7:21:00 AM
From: Educator	Read Replies (1) of 29970

"Anyone comments about this old article? Pretty depressing to see this guy calling ATHM death." We have followed Prigel for some time on this thread. He has been death on ATHM for quite some time...since June at least. I have never seen a negative article on AOL. It's his darling. His slogan has always been, "Long live AOL!". As far as I'm concerned, Prigel's credibility goes right out the window because of his individual stock buying practices. How can a person in the so-called press be truly objective when they are writing, buying, and shorting all at the same time? Here is a line from his January 10th AOL article: "Based on my earnings model for America Online, I have estimated the fair value of AOL to be $120 a share." He may think it's worth $120 a share now, but investors don't. AOL would have been a better short than ATHM. Oh, BTW, Prigel didn't do such a good job on his November 5th article either. Remember this quote? "The deal that I have heard that has been approved in broad strokes and the finer details are being hammered out. AOL is to make ATHM a wholly owned subsidiary of AOL keeping all present management team of ATHM intact. The officers of ATHM will be given very attractive AOL stock options as incentives. The talk is that it will be about a 1:1 stock swap deal after the AOL split." streetadvisor.com The best scenario for AOL would have been an ATHM purchase. They could have kept Excite or spun it off. Wall Street would have gone wild with this deal. Instead of $58 a share, AOL would have easily hit $120. I believe T was the reason this did not happen. It wasn't in their best interest and long-term plan. Why give up an ace-in-the-hole like ATHM? Ed

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