Excite [XCIT], an exciting stock to own in 1999! Message Board

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Technology Stocks : Excite [XCIT], an exciting stock to own in 1999!

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To: Jim Rogers who wrote (3009)	2/3/1999 11:42:00 AM
From: Kailash	Read Replies (1) of 3183

Jim - The stock swap was negotiated with opt-out clauses. I think internet stocks are generally vastly overvalued (I'm sure we differ on this point), and that XCIT will fall more in value than ATHM in the coming six months. Both stocks are currently so overvalued that any deal projected to conclude in September must be taken with a grain of salt. I'm not suggesting the deal is a charade or done in bad faith. It's very hard to value internet business. Time will tell whether ATHM management made the right decision in tying their stock price to XCIT; I'm just proposing that they are likely to want to get out of this deal a few months down the line, and as far as I can tell they have made sure they can do this with impunity. I respect your differing opinion and suggest we wait and see what unfolds. Kailash

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