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

To: 10K a day who wrote (17786)	12/10/1999 9:41:00 AM
From: ALTERN8	Respond to of 29970

At Home Solutions In May 1999, ATHM and MOT invested in a joint venture known as At Home Network Solutions, Inc. ("Solutions"). On July 16, 1999, CSCO and GIC also invested in Solutions. Currently, ATHM owns ~46% of Solutions and each MOT, CSCO and GIC (collectively, the "Stockholders") owns ~18% of Solutions. The business of Solutions consists of the production, packaging, marketing, distribution and support of ATHM's BB Internet service delivery by small and medium sized cable operators to residential, small office and home office customers in the US. In connection with the formation of Solutions, ATHM has licensed to Solutions certain of its core technologies, related services and brand name. ATHM accounts for its interest in Solutions under the equity method. ATHM has an option, for a 3 year period commencing April 1, 2002, to purchase the interest owned by each of the Stockholders in Solutions at its then fair market value. If the company does not exercise the purchase option, each Stockholder will have the right to sell its interest in Solutions to the other Stockholders, or the Stockholders collectively will have the right to require Solutions to register the sale of their interests to the public or collectively to purchase ATHM's interest in Solutions for a nominal price. (taken from Form 10-Q Nov.15th)