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Technology Stocks : AUTOHOME, Inc

ATHM 24.08

-3.1%

Nov 14 9:30 AM EST

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To: Sleeper who wrote (10361)	6/4/1999 10:18:00 PM
From: FR1	Read Replies (1) of 29970

Left unanswered in the judge's ruling is another, perhaps more critical, issue: How much should AT&T be allowed to charge for access to its cable lines. That's exactly what I thought. If T is forced to give "equal access", it means that all other ISP's have to have the same profit sharing arrangement that ATHM has with T or some accounting equivalent. There are a thousand ways T can structure this. Perhaps "Plan A" where any ISP can ride on ATHM system and "Plan B" where any ISP is treated "equal to" ATHM which means you come to the party with all the wiring that ATHM has. That is if T is forced to give "equal access". First Armstrong is going to fight this tooth and nail because it is a short step to government regulated pricing. We all remember how T told the feds at the time the T/TCI merger was going on that if the feds wanted "equal access" then the deal was off. FCC agreed not to interfere because they wanted the merger. I bet Armstrong starts hammering right there and probably doing a lawsuit or two against Portland. I don't think we will have to wait long for the first shots from T - they had to know this was a possibility.

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