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Technology Stocks : AUTOHOME, Inc
ATHM 21.63-1.9%3:59 PM EST
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To: Bretsky who wrote (7627)4/10/1999 11:19:00 AM
From: Educator  Read Replies (2) of 29970
 
Bretsky- Thanks for finding that article from www.iionline.com. Here is their comment:

ATHM - This hyperactive Internet company said it missed targets for signing up subscribers to its cable modem service by about 50,000 customers. AT&T is walking away from the company. I think the estimate for $0.06 loss is in serious jeopardy.

Well...time will tell. It won't be long before the announcement comes out. I would like to know how the writer was privy to this information since "I" as a shareholder couldn't get it. Another post did say that the numbers might be around 450k.

It wasn't but two weeks ago (March 26th) that Jermoluk said both subscriber numbers and earnings would be in line. You wouldn't think he would make that statement without some assurance.

Regardless, what impact will this have on the stock price? Does anyone see a temporary correction? If there is, I believe it will be short-term and quickly forgotten.

The investor rep. told me that full disclosure of ATHM's progress will be announced the week of April 12th. I don't think we will hear for sure until April 15th.

That statement that AT&T is walking away from ATHM is awfully bold. I am not sure what that all means. Comments?

Thanks again, Bretsky. It is always good to sit down and be prepared for these bumps along the road.

Ed
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