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

To: Impristine-2 who wrote (13659)	8/6/1999 7:57:00 AM
From: Chi-X	Respond to of 29970

ATHM to $125 price target - read this article!!! Soft Spot for Software - ATHM, RNWK, BMCS among Favorites by Juliana Tillema August 4, 1999 multexinvestor.com The computer software and services markets are growing extremely quickly, and accordingly, the companies in this segment are among investors' and analysts' favorites. In particular, the rapidly evolving Internet, intranets, and extranets have created strong demand for software that is compatible with these platforms. Three favored companies among Wall Street analysts include Excite@Home Corp. (ATHM), RealNetworks Inc. (RNWK), and BMC Software (BMCS). Homing In Excite@Home Corp. (ATHM), which has reached 650,000 cable-modem users, is now pursuing its competition by persuading America Online Inc. (AOL) subscribers to switch to Excite@Home by paying for two or three months of their AOL service. That program is underway in 10 cities, reports Paula L. Stepankowsky of Dow Jones Newswires. Excite@Home provides Internet services over the cable television infrastructure. In its first quarter as a combined company, Excite@Home saw growth tracking as expected, say Paul L. Merenbloom and Aydin O. Tuncer of Prudential Securities. The analysts reiterate their STRONG BUY rating of shares of ATHM and list a 12-month price target of $125. The Prudential analysts believe an impending national roll out of retail channels for cable modems and Excite@Home-ready PCs "suggests that ATHM's brands and demand for service should develop substantially during 4Q99. In fact, the company believes "Holiday '99 will be the Cable-Modem Christmas," say Merenbloom and Tuncer. Further, the analysts expect "continued strong acquisition and conversion rates through the Excite/MatchLogic tools applications." A targeted email campaign by Excite.com and MatchLogic are credited with more than half of the company's sales leads in the second quarter, according to a July 20 Dow Jones Newswires report. Say Merenbloom and Tuncer: "The company indicated that several additional products can be expected to support their 'All Band, All Device, All the Time' strategy. Including set-top boxes, PC bundles and wireless access, we expect ATHM to increase penetration by the end of Q4 to 4.5% -- the rate needed to break through the 1 million subscriber mark by year end." The analysts do note that the issue of "open cable" could affect shares of ATHM. However, they believe that the federal government and the FCC will likely take two or three years to resolve the question of who is liable to support multiple vendors over a common infrastructure.