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Technology Stocks : AUTOHOME, Inc

ATHM 23.14

+0.6%

Jan 23 9:30 AM EST

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To: Craig Rogers who wrote (3870)	1/5/1999 6:58:00 PM
From: lnkennedy	Read Replies (3) of 29970

To the board: Here"s a snippet I picked up from WSJ page. REDWOOD CITY, Calif. -- AtHome Corp. said it will spend $100 million over two years to build a new high-speed Internet backbone with AT&T Corp. and will drop Sprint Corp. as its long-distance carrier. AtHome said the switch is unrelated to AT&T's pending acquisition of Tele-Communications Inc., AtHome's largest shareholder. AtHome provides high-speed Internet access via cable-television systems to about 300,000 subscribers. The long-distance network is needed to connect local cable systems with each other and with sources of AtHome's programming. The $100 million investment by AtHome includes the cost of installing routers and other equipment in AT&T's facilities. Terms weren't disclosed. Milo Medin, AtHome's senior vice president and chief technical officer, said AT&T beat other bidders to supply high-speed fiber-optic capacity connecting all major U.S. markets and many smaller ones as well. AtHome will receive two channels each capable of carrying 2.5 gigabits of data per second over AT&T's 15,000-mile network, Mr. Medin said. He also said the new network will increase the capacity of AtHome's long-distance backbone 100-fold, and will increase further with advances in optical transmission over the 20-year life of the contract. I know not everyone subscribe's so frequently the URL is a waste to many. good investing lnk.

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