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Technology Stocks : AUTOHOME, Inc
ATHM 23.09-0.6%Jan 16 3:59 PM EST
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To: Michael P. Michaud who wrote (7492)4/8/1999 11:16:00 AM
From: Peter F Bolay  Read Replies (2) of 29970
 
If ATHM's cable partners(i.e..Comcast) exercise their right to renege on the exclusivity contracts they must sell their ATHM shares back to @Home for $.50/share. Since Comcast owns 14.6 million shares of ATHM that is a pile of $ to leave on the table.

Stock ownership of the cable co's:(shares of ATHM owned)
T/TCI 47.3 mil shares
Cablevision 10.9 " "
Cox 14.6 " "
Shaw 1.6 " "
Comcast 14.6 " "
Rogers 0.8 " "

They all have a vested interest to grow ATHM. Peter B
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