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Technology Stocks : AUTOHOME, Inc -- Ignore unavailable to you. Want to Upgrade?

To: Jenne who wrote (10866)	6/9/1999 11:41:00 AM
From: Ron Dior	Read Replies (2) \| Respond to of 29970

<< First, bandwidth through cable isn't unlimited. There is only so much available bandwidth. So, how can AT&T spread it fairly? Realistically, it can't. And realistically, it will provide the most bandwidth to its -- or @Home's (Nasdaq: ATHM) -- customers. To force AT&T to do otherwise would mean regulation at a level the government wants to avoid. >> I don't get it? So cable companies would have to open access, but can decide how much bandwidth each company gets to use? What is the point of that? That's like going to court for 5 years to decide whether or not Bill Gates has to share his money with the rest of his employee's, but having a stipulation that even if the verdict comes back saying he has to share, he has the right to decide how much! OK everyone gets 1/1,000,000 of a penny. Gee, thanks Bill that was well worth the courts time! What am I missing? Ron Dior

To: Jenne who wrote (10866)	6/9/1999 1:47:00 PM
From: ahhaha	Read Replies (2) \| Respond to of 29970

Don't kid yourself about the effects of rising rates. RCSW has been particularly cavalier in their recent comments. The market is priced currently with the expectation of 0% rates, i.e. rates don't matter. Extended bull market action causes those who have no experience with rising rates (99% of all investors) to quaintly discount the effects. It is easy to hand wave them away, but when they hit, though there is staunch prejudice towards holding stock, the sand goes out from under your feet. Rallies are brief and then fail finding new lows. It takes a year of this grinding action before people conclude that "oh my god, we're in a bear market". At that point portfolios are down 20%, but the public doesn't start selling until they are down 30% which convinces them to renounce the dedication to the long term.