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Technology Stocks : AUTOHOME, Inc

ATHM 23.14

+0.6%

Jan 23 9:30 AM EST

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To: Jay Lowe who wrote (4439)	1/19/1999 5:12:00 AM
From: E. Davies	Read Replies (2) of 29970

Is it $6B way cool? I was stunned at the $6B price, I was expecting more like $4B. If ATHM stock was as highly overvalued as XCIT I wouldnt care, but I think that ATHM with XCIT valuations would be $400-$500 minimum. Our only hope is that the market will continue to price the XCIT piece of ATHM at the same level it currently does. I console myself to the possible $115 price by looking at the XCIT chart and realizing it was moving in such a way that it might have reached that price on its own in mere weeks. Eric

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