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Technology Stocks : AUTOHOME, Inc
ATHM 23.81-1.1%3:59 PM EST

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To: David Harker who wrote (4433)1/19/1999 2:13:00 AM
From: E. Davies  Read Replies (1) of 29970
 
$6 Billion in stock--
Excite's shareholders would own about 30 percent of the combined company

With ATHM's current market cap of 12Billion this adds up roughly right. Its a *huge* premium over XCIT's market value of 3.5 Billion. Its too much, way too much.
ATHM is worth well more than twice XCIT. Heck ATHM is worth more than the market value of roughtly 3.5x XCIT, but I could live with that. Is XCIT worth 50% more than NSCP?
I dont think the market will accept this.
Opinions please.
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