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Technology Stocks : AUTOHOME, Inc

ATHM 23.76

+1.2%

Nov 28 9:30 AM EST

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To: Stuart C Hall who wrote (4529)	1/20/1999 11:53:00 AM
From: RocketMan	Read Replies (2) of 29970

They would have said the same thing about NBC and RCA when radio was starting. And can you imagine the unjustified valuation the Wright Brothers would have had if their bike shop had been public? Little if any earnings, and just a pie in the sky vision about powered flight. These companies are about taking a risk on future earnings and growth, not on past earnings and backward-looking p/e ratios. The future belongs to those who are willing to take a risk in order to be on the next technological revolution. After it happens, they will all be talking about how nice it would have been to get in on the beginning.

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