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Technology Stocks : AUTOHOME, Inc

ATHM 23.89

+2.2%

Dec 5 9:30 AM EST

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To: Frank A. Coluccio who wrote (4697)	1/25/1999 3:45:00 AM
From: Jay Lowe	Read Replies (1) of 29970

>> You're assuming that the ball is in ATHM's court, to serve up as it sees fit I'm thinking how much easier for ATHM to do things which, if done by AT&T, would send the FCC into fits and swoons. Qui bono? T. ATHM is just Armstrong's stalking horse. Or perhaps more subtly, Trojan horse. Cool strategy ... if AT&T can accomplish a tech-biz fait accompli, then their position viz FCC is far more flexible. While the FCC waffles, T builds the empire of the future ... FCC will be behind the curve ... they can no longer prescribe, but only describe. All these moves are about T positioning.

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