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

To: ahhaha who wrote (13711)	8/7/1999 4:09:00 AM
From: E. Davies	Read Replies (1) \| Respond to of 29970

What you have said is that the intensity is gone and been replaced with an expectation that the internet is a public utility. This is the first step in a good and completely normal process. Are we excited by a cellphone anymore? Once was cool to think you could make a phone call from your car, now its standard practice. There are a lot of followers. They dont do anything until its standard everyday boring. No leading edge stuff for these folks. @home will thrive the most when broadband has reached the boring stage, got a few years to go yet. That tells you that Net stocks will do well, extraordinarily well, during a recession Only those stocks that make sure the net functions as a physical entity. Only the ones that are real. I cant think of a better net stock than ATHM. "net" stocks that are based on commerce might suffer plenty in a recession. People will be using the net to squeeze their expenses. Only in hard times will e-commerce margins be driven to zero. EBAY might do well too, though right now EBAY short is the only thing keeping me going through this selloff. I completely agree with your comments on the pricing, its worth emphasising that @home should keep its base price as high as they possibly can as long as demand is greater than supply. Give 3 months away for free or with a free computer (in selected areas)- but keep the price at $40/month. BTW: Its a prediction of mine that we will see a DELL/ATHM deal for "free" something. Say a "free" cable ready PC in exchange for 1 year of ATHM service. Its just to obvious not to do it. The price they set now will set the price people are willing to accept in the future. Keep telling them its going to zero and keep the price as high as you can in the meantime. Eric