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Technology Stocks : NorthPoint Communications Holdings, Inc. (NPNT) -- Ignore unavailable to you. Want to Upgrade?

To: Pruguy who wrote (287)	11/14/1999 2:30:00 AM
From: ahhaha	Read Replies (1) \| Respond to of 786

Yeah. Check the ATHM thread about a year ago. At the time I seem to recall ATHM bought 30%. It's interesting that Paul Allen also bought about 15%, but who knows what they have now. IPOs tend to dilute great expectations. The CTO of ATHM, Milo Medin, got freaked out that NPNT would eat @Work's lunch so he convinced the consortium to let ATHM take a stake in the then private company. At the time NPNT was considered to be a long shot. We liked the purchase because it was objective. If DSL was going to whack cable, then ATHM would be hedged. It is widely believed that it's A or not A. Give me monopoly or give me death. This neanderthal thinking is completely unsound and even though in the last 30 days there has been an incredible string of big news events which make NPNT about the hottest property on Wall Street, there are developments which help the perceived adversaries move synergistically. Surprisingly, ATHM has a wireless connection which might also benefit its NPNT partner. Given those sweet vector orthogonals, NPNT plugs the DSL holes. I always preached the biggest DSL weakness was a lack of ubiquity. BB:telephony must be contiguous across the planet. Can't have null signal holes. Null holes suck the entire DSL universe down into the non-event horizon.