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Technology Stocks : AUTOHOME, Inc

ATHM 23.21

-1.8%

3:59 PM EST

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To: Jing Qian who wrote (8934)	5/2/1999 11:11:00 PM
From: Larry Zenith	Read Replies (1) of 29970

Probably MediaOne had heard something like "It's out best offer, take it or leave it" from Comcast. MediaOne didn't realize it is worth much more than 48B until T made its bid and showed its willingness to get MediaOne. MediaOne knows that Comcast will be hard-pressed to top T's bid without Strong outside help. By strong, I mean the commitment involving stock and/or cash. I believe T has a much better chance to get MediaOne. So far, it is real stock/cash commitment. Others remain to be seen as real or fake offer. Anyway, it is always interesting to watch bid war being unfolded.

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