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

To: red_dog who wrote (13049)	7/28/1999 2:38:00 AM
From: Educator	Read Replies (2) \| Respond to of 29970

Hello Robert and All- I just got back from the mountains of Colorado. I told Eric in a PM before I left that I wanted to see ATHM at $55 a share when I returned. I am not too disappointed to see the near $51. I knew there had to be some news propelling ATHM. What a nice relief to see San Francisco vote against "open access." I hope this issue will cease to be a shackle holding back ATHM. The ATHM train has pulled out of town and is clearly heading north over the horizon. Anyone wanting to catch it better race to the next station. The problem now is the rising ticket price. A seat on this train is going to cost more and more in each depot on its travel, so get a ticket while you can. If anyone wants to pay less, I hear there is another somewhat dilapidated train (AOL) on another track. It is quite a bit slower and stops from time-to-time to remove boulders, fallen trees, roaming elk, and heavy snow blocking its path. I hear its engineer, conductor, and other employees are losing faith and dumping some of their company stock. Maybe they are recognizing the ATHM line/broadband is worthy competition. Congratulations to those who have held through the tough times. I hope we are finally out of the dark tunnel and chugging to better scenery ahead. I am hoping my ATHM shares will help me to buy some of that gorgeous property in the Colorado mountains. What a beautiful state it is! P.S. If you are racing ahead to catch the ATHM train, just be careful and don't end up like Crazy Larry and Dirty Mary. Boy I liked that movie!:0) Ed

To: red_dog who wrote (13049)	7/28/1999 2:02:00 PM
From: red_dog	Respond to of 29970

Excite@Home and Cable Partners Declare Unified Commitment to Accelerate Broadband Deployment to Americans July 28, 1999 10:11 AM REDWOOD CITY, Calif., July 28 /PRNewswire/ -- At a gathering of analysts at its headquarters in Redwood City, California, Excite@Home and its founding cable partners, AT&T/TCI, Comcast and Cox, yesterday reiterated their unified commitment to accelerate broadband deployment to all Americans. (Photo: newscom.com ) Tom Jermoluk, Chairman and CEO of Excite@Home, said, "We wouldn't be in any position to offer new choice and competition in broadband had it not been for the visionary investments by AT&T/TCI, Comcast and Cox in upgrading the cable plant, and in creating Excite@Home to develop and deploy Internet services that utilize the new plant. No other communications companies were willing to make this kind of commitment to the American public until cable stepped forward and invested billions in risk capital to create this new capability. As a result of our efforts, consumers now have access to broadband services over an order of magnitude faster than earlier best of class technologies such as ISDN and at approximately 10% of the rates which were charged for these inferior solutions." Jermoluk added, "These efforts are now coming to fruition to benefit consumers. Excite@Home and its partners have just reported second quarter subscriber growth of 35%, to over 620,000 subscribers. We expect that to grow to over 1,000,000 by the end of this year. We look forward to continuing to work with our cable partners, our content partners and many others to build on our successes to date." The founding cable partners also reemphasized their commitment to continuing to work together to bring broadband services more quickly to more Americans. Brian L. Roberts, President of Comcast Corporation, said, "When Comcast and our fellow cable companies partnered to create Excite@Home to build a nationwide broadband platform and IP backbone, we made a commitment to making broadband services widely available and affordable. Our investment in Excite@Home's national network and our own local broadband networks has driven others to invest in competing wireline and wireless facilities. Had we not taken the first step, America's broadband future would still be far off. We owe it to our customers and to our shareholders to continue our industry's collaborative efforts." Jim Robbins, CEO of Cox Communications said, "Our and Excite@Home's employees are working side by side to rapidly deploy the service, and to deliver the highest quality consumer experience available at any speed. We'll continue to work together to promote full consumer control and choice, and invest together in the development and deployment of broadband technologies to accelerate a new era of capabilities for Internet access in America." Robbins also noted that, "Providing our customers with the fast service they expect depends on a deep integration of Excite@Home's and the cable industry's respective expertise. We look to Excite@Home to deploy a sophisticated distributed network that together with our cable infrastructure avoids many of the bottlenecks inherent in today's slow Internet. Moreover, Excite@Home provides the software and broadband content expertise that is essential to the smooth functioning of the service. The fact that the cable operators work in close collaboration with Excite@Home results in a superior customer experience." C. Michael Armstrong, Chairman and CEO of AT&T, said, "We're proud to partner with Excite@Home in bringing affordable broadband Internet access to American families. By working with them we have significantly reduced prices for consumers and increased competitive offerings. We look forward to continuing to work with Excite@Home under our existing agreement to serve millions of additional homes and add new capabilities that capitalize on broadband technologies. We will work hand-in-hand with Excite@Home's management team and Excite@Home's other cable partners as we continue to develop our strategy to bring Broadband Internet access to millions of American consumers. Our shared vision includes forming commercial relationships with content and portal companies who want to use our broadband networks for promotion, marketing, commerce or other specialized services." This press release contains forward-looking information within the meaning of Section 27A of the securities Exchange Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbors created by those sections. These forward-looking statements include, among others, statements related to Excite@Home's subscriber growth and the deployment of additional services and capabilities by Excite@Home and its cable partners. Actual results may differ materially due to a number of risks, including: the rate at which Excite@Home's cable partners upgrade the cable plant; the amount of marketing for the @Home broadband service; the wide commercial availability of sell-installable, two-way modems; and Excite@Home's ability to scale its network while maintaining superior performance. The matters discussed in this press release also involve risks and uncertainties described from time to time in Excite@Home's and its cable partners' filings with the Securities and Exchange Commission. In particular, see the risk factors described in At Home Corporation's Form S-4 filed in connection with the acquisition of Excite, Inc. Excite@Home and its cable partners assume no obligation to update the forward-looking information contained in this press release. SOURCE Excite@Home