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

To: Tom Tallant who wrote (14888)	8/24/1999 9:00:00 PM
From: Tom Tallant	Respond to of 29970

Here is the synopsis from Bank Boston yesterday: ANALYST(S): GRAHAM, MICHAEL;BENJAMIN, KEITH RATING: NR Download PDF Synopsis: The following synopsis is qualified in its entirety by the more detailed information contained in the full research report, including the discussion of certain risks associated with an investment in this security contained in "Investment Risks." Research dated prior to September 1, 1998 was prepared by an entity that was acquired by BancBoston Robertson Stephens Inc. We believe competitive confusion surrounding open access and ATHM's relationship with AT&T has put pressure on the stock. We believe these issues will be resolved with little or no impact on ATHM's business over the next two years. Meanwhile, we believe the fundamental outlook for the company has been improving. We believe the new subscriber rollout is on schedule, with upside to subscriber growth possible in Q4, and continued substantial upside next year and beyond. We believe ATHM could begin to show its breadth of vision with new partnerships, including deals for "@Home-Ready PCs" with PC manufacturers and other customer acquisition initiatives with large companies like Microsoft and others. We believe ATHM is one of the only Internet companies with a compelling asset value. Based on a sum-of-the-parts valuation of MatchLogic, Excite, and @Home, we estimate the company could be worth $40 billion, or $100 per share.

To: Tom Tallant who wrote (14888)	8/24/1999 11:11:00 PM
From: E. Davies	Read Replies (1) \| Respond to of 29970

Their credibilty is so shoddy it's comical Actually in this case the reporter might well be reflecting the mood of the street accurately. There are reasons why ATHM has been severely underperforming. If the ones mentioned here are why then we know how shallow they really are. If there really was a big institutional holder of ATHM that dumped a "multi-million share" position then I say great. One less seller. Ahhaha might well be right- "Big money" doesnt know anything. ATHM is a mile long freight train just pulling out of the station. These analysts are upset that it doesnt accelerate as fast as AOL's old school bus and that the train has to stay on the track. Heres a physics question: Which do you think will have the more powerful momentum? Which will be able to carry more? Eric

To: Tom Tallant who wrote (14888)	8/25/1999 5:05:00 PM
From: Lyle Bean	Respond to of 29970

Fact is broadband is future. ATHM is broadband AOL is not. Very simple to understand. If AOL ever is allowed to go with cable, ATHM will already have a huge advantage and AOL will have to spend millions just to get where ATHM was when they started, so essentially AOL will have to start a new business model. Wall street would not accept the earnings shortfalls from an established company like AOL building out cable systems. Basically AOL is gonna be screwed and the longer ATHM is able to spread out the harder its gonna be for AOL.