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Technology Stocks : AUTOHOME, Inc

ATHM 23.89

+2.2%

Dec 5 9:30 AM EST

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To: milo_morai who wrote (29750)	12/5/2001 1:25:08 PM
From: FR1	Read Replies (1) of 29970

The article completely misses the main point: ATHM was never a corporate business. It was a extremely loose general partnership with nobody in charge. T recognized this shortly after becoming a partner and that's why they paid zillions to convert things to where they were in charge. Unfortunately, in the meantime TJ and the kids destroyed the company to a point that it could not be rescued. My favorite part of the article - TJ snatches defeat from the jaws of victory: Excite was already in serious merger talks with Yahoo, its largest competitor. The two had all but finalized a deal in mid-December 1998, with Yahoo agreeing to purchase its portal rival for a price between $5.5 billion and $6 billion, sources say....Then, on Dec. 19, @Home's Jermoluk met with Excite Chairman and Chief Executive George Bell, according to documents filed with the Securities and Exchange Commission. Both companies' fates would change forever.

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