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

To: tajen who wrote (17216)	11/22/1999 2:21:00 AM
From: Sam Asava	Respond to of 29970

Yes. I believe one share of new stock for every one ATHM share you own.

To: tajen who wrote (17216)	11/22/1999 2:27:00 AM
From: E. Davies	Read Replies (1) \| Respond to of 29970

Yes. A tracking stock is issued to the current shareholders. In theory ATHM then represents the value of the company excluding the media part. This has the same character as a split- no real value is created except in the imagination of the market. However stocks rise due to split announcements and also due to tracking stocks. The time factor is a loser though. What if ATHM announced a split now to occur 9 months from now? I doubt it would move the stock much. Eric

To: tajen who wrote (17216)	11/22/1999 10:36:00 AM
From: Dan Glover	Read Replies (1) \| Respond to of 29970

Here is the complete article. Shares will be distributed on a pro-rrated and tax free basis. This is why I invested in ATHM a while back. ============================================================ Excite at Home to set up media tracking stock By Gareth Vaughan, CBS MarketWatch Last Update: 5:35 AM ET Nov 22, 1999 REDWOOD CITY (CBS.MW) -- Excite at Home said Monday it plans to establish a tracking stock to follow its media assets. The move will allow the media business to operate quickly and independently, the company said. In a statement, Excite at Home (ATHM) said the stock will track the economic performance of its narrowband portal, broadband portal, and advertising and targeting services. The company said it expects the stock be distributed on a pro-rata and tax-free basis to all Excite at Home shareholders. The media business will be governed by a board consisting primarily of independent directors, with minority representation of the company's principal cable partners. "This structure will allow us to simultaneously drive the growth and valuation of each of our businesses in complete alignment with our partners," said Tom Jermoluk, Excite at Home's chairman and CEO. The creation of separate media shares will also help the company's subscription business to drive the adoption of broadband technology, the company said. Excite at Home said the adoption of the tracking stock is subject to tax analysis, the completion of definitive terms and shareholders approval. It plans to issue a proxy statement describing the stock in the first half of next year and to distribute the shares during the third quarter. Excite at Home's subscription business will focus on the group's residential cable Internet services, commercial Internet access services, customer care, and network management. Gareth Vaughan is a reporter for CBS MarketWatch in London.