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Technology Stocks : AUTOHOME, Inc

ATHM 23.48

+1.2%

Nov 21 3:59 PM EST

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To: ahhaha who wrote (1017)	1/1/1998 8:43:00 AM
From: Paul Weiss	Read Replies (1) of 29970

Greetings and happy this year! I'd like to comment on your thoughts about the possibility of T and ATHM playing together politely. I don't quite understand all of the technical shorthand (what's copper r.o.w.? RDC and loop 7/24?), but I think I follow the gist. First, it does look as if AT&T and ATHM will strike some sort of deal. The way it will play out is difficult to figure out, in part, because of the complexity of TCI Cable's complex corporate structure. TCOMA needs the $$ to build out the HFC infrastructure, but TCIVA owns the 39% stake in ATHM. It's the cable companies that are responsible for the capital expenditures... so how we get T's money into TCOMA's pockets? T buys TCOMA? No? T buys percentage of TCOMA's revenue stream from TCOMA? This my best guess, currently. Regards, Paul

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