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Technology Stocks : AUTOHOME, Inc
ATHM 23.66+0.8%Nov 24 3:59 PM EST
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To: ayahuasca who wrote (21041)4/19/2000 5:28:00 PM
From: gpowell  Read Replies (2) of 29970
 
ATHM is upping estimates for subscribers from this point on, but are also increasing estimates for expenses, which is in direct contradiction to guidance given last quarter, and guidance I received from investor relations a month or so ago.

I've been bagged.

Year 2000 Financial Outlook
In addition to its first quarter results, Excite@Home announced today its expectations for financial and operating performance for the remainder of 2000 and beyond. The Company stated that its goals are to have a total of at least three million residential broadband subscribers by the end of 2000, growing to six million subscribers by the end of 2001 and ten million subscribers by the end of 2002. The Company also stated that it is intensifying its investment efforts outside North America in an effort to capitalize on the growth of broadband access and media services abroad. As a result of these international investments and increased marketing and network investments intended to support an accelerated rate of broadband subscriber growth, the Company expects to incur operating losses in 2000 totaling between $0.25 and $0.30 per share for the full year. These losses exclude the amortization of goodwill and other intangible assets, as well as the cost and amortization of distribution agreements and certain other non-operational gains and expenses. The Company also stated that its goal is to achieve annual revenues in excess of $2 billion by 2002 and that it intends to achieve long-term profitability.
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