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

To: Educator who wrote (17583)	12/7/1999 8:40:00 AM
From: im a survivor	Read Replies (3) \| Respond to of 29970

<<Perhaps....but you have to admit, T waltzed right by AOL standing by the punch bowl and asked MSPG to dance. >> Exactly.....just like wanting to dance with the prettiest girl in the class but asking the girl next to her instead because you have a better chance of getting the best looking girl if you make her jealous first <ggg>. <<Why would you be an ATHM investor if you thought they could only survive in the world with AOL? Did you buy on the AOL rumor? I am still waiting for this rumor to become fact. So far its been a lot of big talk by Kevin Prigel. I've not seen the pudding.>> Well, I've held aol for a couple years now....I bought athm prior to the rumors at $38. I thought it was very fairly valued and thought a deal with aol was in the works. In any event, I sold half my athm at $57 or so after and sold another 25% at $52. I will hold the rest and see what happens. Yes, I know there hasn't been a deal yet...and it's all talk. They are posturing themselves, simple as that. I think this latest news is even more proof that aol will do a deal. T has now said we will open the pipes if the price is right. Let's not be fools - without knocking athm, let's be perfectly honest and say that any company...any business at all, would love AOL's customer base, if the deal was right. With that said, and knowing the pipes will eventually be open, I think it is safe to say AOL will get access to those pipes eventually. That brings me to another point - why I recently sold 75% of my athm position. At first I really thought an actual merger/buyout of sorts was in the works. It still could happen as the current wait on MSPG deal is simply posturing by T with the exclusivity agreement with athm.We all know that could be taken care of tomorrow if all players were made happy. However now, it looks like they may keep athm on it'sown, and simply open the pipes for a fee. This is good and bad for athm. Current perception takes a hit ( as clearly indicated by the drop ). People think when the exclusivity agreement is done, so will be athm, although this is not the case.ATHM can also benefit by ending the exclusivity agreement via new deals/marriages. So, athm may take a hit short to medium term, but should bounce back nicely down the road when all the dust is settled. Anyway, with a cost basis of $38, I felt it was prudent to take some off the table when the scope of the situation shifted. I still hold plenty of shares should it sky rocket upwards. Anyway....happy trading and have a great day.