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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 229.55

+0.2%

Dec 5 9:30 AM EST

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To: H James Morris who wrote (135400)	12/6/2001 9:40:44 AM
From: Oeconomicus	Read Replies (2) of 164684

HJ, the failure of ATHM has nothing to do with demand for broadband connections. Before the s#!t hit the fan, it was signing up customers at a rate of 200k per month this year. Between the stupid move of buying money-sucking portal Excite, it's original cable partners/owners wanting to cut ATHM out of the picture, management's affinity for debt when the market probably would have bought all the stock they wanted to sell (they sold $500 mil of debt in 12/99 when the stock was at $42), and AT&T's highly questionable tactics in trying to gain control of the assets (at the expense of the shareholders to whom they owed a duty as the majority of the BoD), ATHM failed IN SPITE of booming demand for its core service. BTW, Forbes had a good article in the 12/10 issue. Follow the link below - registration is free: Conspiracy Theory forbes.com Bob PS: Interesting to note that ATHM was another creation of money man John Doerr. Kleiner funded Excite, too. Maybe AMZN should bid for the ATHM assets. ;-)

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