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Technology Stocks : AUTOHOME, Inc
ATHM 23.56-1.4%3:59 PM EST

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To: KW Wingman who wrote (25859)10/6/2000 11:52:05 AM
From: gpowell  Read Replies (1) of 29970
 
Certainly, I was wrong when I placed a value of $35 on this stock. But who knew then that earnings visibility would be pushed so far out into the future. As long as expenses continue to rise as fast as revenue the stock will not see a sustained advance. I blame all of this on the excite purchase.

Excite, since the purchase, has added about 50 mil to the bottom line. No objective person can justify the logic of the 7 billion dollar acquisition. For ATHM to continue to support narrowband is, as you say, throwing good money down a rat hole.
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