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Technology Stocks : AUTOHOME, Inc

ATHM 24.25

+1.6%

Dec 12 9:30 AM EST

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To: E. Davies who wrote (25853)	10/5/2000 6:04:22 PM
From: gpowell	Read Replies (1) of 29970

I expect any rise in ad/e-commerce revenue to be offset by a corresponding rise in sales&marketing expense. Excites adds nothing to the bottom line; marginal costs are rising faster than marginal revenue. Its time for ATHM to jettison narrowband. This may mean spinning excite away, but first Bell has to go… When you use @Home also you become painfully aware of how slow and latent most server farms are. What good is more bandwidth if the bottleneck persists at origination? Message 12349636

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