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

To: JayPC who wrote (18947)	1/17/2000 3:16:00 PM
From: MIKE REDDERT	Respond to of 29970

Whoa... you are counting your billions before they hatch. First you have to subtract the value of @Home, which according to the rumor goes to T. Then subtract the intrinsic value of Excite. You might also give some value to the research/experience that Excite might provide in BB. It basically boils down to this... YHOO's market cap is some 93 B and the entire ATHM market cap is 15 B. Once you get done subtracting out the @Home portion and the value of Excite's audience, you find that YHOO could offer 2 - 3X the current proportional value of Excite, as determined by the current share price, and still pay for it with only a small percentage of YHOO's current market cap. Keep in mind that I am playing the devils advocate here... I'm not trying to give credence to these rumors... but I have yet to see a concrete reason why such a venture would be out of the question. Mike