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Technology Stocks : AUTOHOME, Inc
ATHM 23.48+1.2%Nov 21 9:30 AM EST
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To: FR1 who wrote (20455)3/30/2000 10:45:00 PM
From: Richard Habib  Read Replies (1) of 29970
 
I agree with you that the reports on the deal have been quite negative. I expect we'll have to wait a few days for those who benefit from a higher ATHM price to talk the deal up.

I'm confused though when you say that the Cox/Comcast exit strategy if they choose to take it - isn't a buyout. It seems clear to me that T has offered Cox & Comcast the right to sell all 30M Class A shares for between 48-100. If for whatever reason, Cox/Comcast no longer wish to be associated with ATHM, it seems clear that they have been given that option.

Since T has gained complete control of ATHM and given T and Cox/Comcast are after all competitors of T's cable properties, it may happen that Cox/Comcast decide to end their association with ATHM. Rich
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