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Technology Stocks : AUTOHOME, Inc

ATHM 23.14

+0.6%

Jan 23 9:30 AM EST

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To: Rob C. who wrote (19898)	3/1/2000 8:07:00 PM
From: gpowell	Read Replies (2) of 29970

Excite Chairman Tom Jermoluk said the company is on track to meet its 2002 target of $2 billion in revenue and operating profit equal to 35% of revenue. These numbers are lower than I had projected. We should expect to see a slight reduction in subscription revenue per subscriber as tiered pricing schemes are introduced into the market (lower access fees, lower bandwidth options). In addition, the revenue split will approach 50/50 between ad/e-commerce revenue and subscriber fees, by 2002. Subscriber growth, with the help of the self-install option, will approach 800,000 per quarter in 2002. I've lowered my expectations.

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