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Technology Stocks : AUTOHOME, Inc

ATHM 23.64

-1.3%

Nov 19 3:59 PM EST

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To: ahhaha who wrote (3448)	12/18/1998 1:48:00 PM
From: Irish99	Read Replies (2) of 29970

This is an amazing price for a company (Narrative) that had $250k in revenue for 1997 and anticipates $750k in revenue in 1998. Narrative has been around for a couple of years. The early positioning was to take CDROM content created with Macromedia Director and put it on-line. Didn't work. It then turned to making banner advertising more effective, but that did not seem to work out either. $89 million. Shows that acquisitions of Internet companies can have valuations just as "out there" as the Internet IPOs and the Internet stocks. Must be a happy holiday season for some of the Narrative VC's and stockholders.....

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