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Strategies & Market Trends : Rande Is . . . HOME

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To: Rande Is who wrote (25906)	5/15/2000 10:13:00 PM
From: carepedeum2000	Read Replies (1) of 57584

athm comments 4. EXCITE@HOME GETS FAVORABLE COURT RULING Federal District Court Judge Richard Williams of the Eastern District of Virginia released his written opinion on whether a county in Virginia has the ability to regulate high speed Internet access over cable. The Judge found that four provisions in federal law clearly preempted the ability of local governments from imposing such "forced access" requirements. COMMENT: It can now be said that local governments are preempted by federal law from forcing cable companies to provide any ISP's with government-regulated access to the cable infrastructure. Similar issues are at stake in the case under appeal in the 9th Circuit concerning the legality of Portland, Oregon imposing such an ordinance, and in another case in Broward County, Florida. Internet users are the big beneficiaries of this landmark decision. The stock (ATHM) rocked higher by 13% to close at $22. With last week's discussion of its ultimate value by AT&T (T, $39, unch.) and the president of Comcast (CMCSK, $32, unch), the stock continues to appear grossly undervalued. ================================================= =================================================

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