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Technology Stocks : AUTOHOME, Inc

ATHM 23.48

+1.2%

Nov 21 9:30 AM EST

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To: gpowell who wrote (21198)	4/20/2000 6:02:00 PM
From: FR1	Read Replies (2) of 29970

I can only assume, since it is inconceivable to me that Jermoluk or Bell can be this irresponsible, is that neither Bell nor Jermoluk made the decision. That leaves someone within AT&T holding the hammer. That's possible. If so, it is the correct move. Perhaps TJ and Bell were planning to give the fund managers a show job about how wonderful the content on their web site is and how content is going to get us lots of banner ad money. It never would have worked. We probably would have been sold off regardless of what we reported. So this is a good time to introduce this strategy. T wants to emphasize building the railroad as fast as possible and hanging our hat on subscriptions. I think most fund managers agree. If T can't make a major move in the next month or so to restructure the ATHM management then T is really going to get hurt. I just can't believe that T will allow Cox and Comcast to sell all their shares to T for $48/share in January with ATHM well below $20/share.

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