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Technology Stocks : AUTOHOME, Inc
ATHM 23.60+0.5%3:21 PM EST

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To: Benkea who wrote (10367)6/4/1999 11:14:00 PM
From: ftth  Read Replies (2) of 29970
 
re:<< Even if AT&T opens its network to other ISP's, ATHM still has EXCLUSIVE ACCESS TO 45 MILLION HOMES as long as AT&T doesn't acquire them in the near future.>>

Ah, but EXCLUSIVE is an EVASIVE word! From the SEC filings:

First, the exclusivity only applies to services greater than 128 kbps, so dialup ISP's AREN'T excluded.

Second, the cable partners are under no affirmative obligation to carry any of ATHM's services.

Third, the exclusivity doesn't apply to telephony services or business services.

Fourth, the exclusivity agreements expire in 2 years.

Also those "homes passed" numbers are incorrect I believe. They definitely don't represent "2-way-data-subscribable" homes passed.

dh
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