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Technology Stocks : AUTOHOME, Inc

ATHM 23.48

+1.2%

Nov 21 9:30 AM EST

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To: Jay Lowe who wrote (5366)	2/14/1999 2:36:00 AM
From: FR1	Read Replies (2) of 29970

The King County Budget and Fiscal Management Committee today agreed unanimously to deny a request from TCI to transfer control of its cable franchise in unincorporated King County to AT&T. I think I recall this being responded to by T and it was something along the lines that local counties do not have the right to over rule laws made at a higher level. In other words, if the feds say it is ok for T to have all of what TCI owns, then some local county can not veto that decision. Otherwise every county in the nation would start doing crazy things. If business X bought all of MacDonalds do all the counties in the nation have the right to refuse the merger and transfer of assets? I think not.

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