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Technology Stocks : AUTOHOME, Inc

ATHM 23.14

+0.6%

Jan 23 9:30 AM EST

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To: Hiram Walker who wrote (2455)	7/12/1998 10:39:00 PM
From: ahhaha	Read Replies (1) of 29970

If you mean IBM wrongly marketed OS2, I can tell you that they sure tried hard to sell it to my firm. IBM took the attitude that we are the superior giants of computing and you need to do things our way. They didn't take Windows seriously enough and either refused to or couldn't make OS2 better. It was an uninspired product that came with a bigger than retail cost. Not as bad as the fleecing eventually meted out by Windows, but they dragged you to buying IBM's over-priced peripherals. OS2 ran well, almost as well as WIN30, but there were problems associated with preemptive multitasking and questionable performance of the popular apps. I didn't purchase WIN98 because I have long experience with them. I still use Excel 4.0a. MSFT wrote some great apps and then converted them into junk in an attempt to be all things to all people. This is a very poor approach and Gates is solely responsible for it just like he deserves the blame for directing resources to new arenas rather than refine and solidify the programs that made the company. Exceedingly poor management. The company is headed for major disaster. It's too late to reverse course. MSFT doesn't intentionally try to undermine other apps. They are trying to do what they always have tried. Change a good product into what the marketers say contains the new bells and whistles demanded by the public. When MSFT pushes its incomplete beta software onto the public, they get free de-bugging. The public is enraged, but they make more demands for more changes before the original ones can be stabilized. The cycle completes every six months---too short a time period to test and debug to ensure a stable product. They believe they are doing what the public wants and though the public complains a lot they continue to buy. The competition is American so it believes it can't succeed. You're not looking at 21st Century with a very critical eye. They're trying to do now what they were trying to do last year. Tell me how leveraged their balance sheet looks. I guess they have paid-in capital so they can borrow some more. Go public? Mighty difficult to float equity when you don't have a history of operating results. How do you know they're management is so great? It's against the law for any cable management to be even good. Tacoma? A utility company is going run a cable net? Wonder how long it will be before they're begging TCI to come back. There's better margins in selling juice than there is in selling CATV.

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