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Technology Stocks : AUTOHOME, Inc

ATHM 23.65

+1.2%

12:13 PM EST

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To: Ahda who wrote (6393)	3/20/1999 3:11:00 PM
From: Ted Schnur	Read Replies (1) of 29970

Darleen, I am not sure I'm follow you. The last 13D statement that I could find, related to the Excite purchase, makes the following statement: As an inducement to At Home to enter into the Merger Agreement, At Home and Excite entered into a Stock Option Agreement dated as of January 19, 1999 (the "Stock Option Agreement") pursuant to which Excite granted At Home the right (the "Option"), under certain conditions, to acquire up to the number of shares of Excite Common Stock sufficient to give At Home ownership of 19.9% of Excite's outstanding Common Stock. Excite's obligation to issue shares pursuant to the exercise of the Option is subject to the occurrence of certain events ... Option Agreement and granting the Option. In the event the Option becomes exercisable, At Home anticipates it will use working capital for any exercise of the Option. How I read section 4, ATHM has the option to purchase 19.9% of Excite if conditions such as their board of directors recommends against the merger. I doubt that this would occur on the open market and without prior notice (SEC filings). Where were you leading with references to the 13D fillings?

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