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

To: Islander99 who wrote (12875)	7/22/1999 10:29:00 PM
From: E. Davies	Respond to of 29970

The government regulates by choosing to intervene (open) or not (closed). And what's the big deal, anyway? Government has always regulated cable services (and telephone services). Choosing not to intervene is a drastically different beast than regulation. Regulation means having to build a detailed complex legal structure as to exactly what is allowed, what is not, what you can charge and how. It means goverment control of what profit is "acceptable" to the people. It means endless court battles and lobbying while everyone tries to manipulate public opinion for the right "spin". True, government regulates telephone and cable. Are these shining examples of what we want the internet to be? Untrue that they have "always" been regulated, at least in the sense of regulation as it exists today. I would not exclude the seemingly contradictory possibility that ATHM will grow better with "intervention" than not. I agree. Done at the right time in the right way ATHM might benefit. The right time is not now, it is too soon. Both the technology and the market are too new, too unstable to be able to handle the heavy hand of government. Eric