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Technology Stocks : AUTOHOME, Inc

ATHM 24.08

-3.1%

Nov 14 9:30 AM EST

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To: RocketMan who wrote (10304)	6/4/1999 5:39:00 PM
From: James Tarifa	Read Replies (1) of 29970

This is not over until the FAT lady sings! AT&T Reaction to U.S. District Court Decision WASHINGTON, June 4 /PRNewswire/ -- The following statement may be attributed to Mark Rosenblum, AT&T vice president - law, regarding today's District Court decision conditioning the transfer of the TCI franchise in Portland, Oregon. ''Today's decision is inexplicable. AT&T raised numerous substantial challenges to these ordinances, going to the jurisdictions' legal authority to adopt these rules as well as the soundness of the rules themselves. The most significant aspect of the decision is its failure to address any of these challenges in a meaningful way. ''We continue to believe strongly in the merits of our legal arguments. The actions taken by officials of Portland and Multnomah County are beyond the legal authority municipalities have to review cable franchise transfers. Clearly we will continue to pursue our legal case. ''In the meantime, the real losers are likely to be the citizens of Portland and Multnomah County. This decision can only have the potential to delay and reduce the new services that companies like AT&T will be able to offer them.''

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