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

To: Frank A. Coluccio who wrote (19022)	1/18/2000 11:05:00 PM
From: JOED3	Read Replies (1) \| Respond to of 29970

Great discussion thread. I'm actually a little overwhelmed by the depth of the discussion. If I may, I just want to cut through it all for one moment and ask you all what your investment position is on ATHM going forward in light of the recent developments? BUY, SELL, or HOLD?

To: Frank A. Coluccio who wrote (19022)	1/19/2000 12:26:00 AM
From: GraceZ	Read Replies (1) \| Respond to of 29970

I was using Ah's words because he did a fine job of defining where the MSO stops and ATHM begins. You agreed with his post and said ATHM has a fraction. "ATHM's got the broadband," as though it belonged to them, outright. This is not the case, although through some convoluted twists of shareholding I suppose that they might actually have some fraction of it, somewhere. I was just curious how easy or difficult it would be to replace that fraction. The real question on everyone's mind is what exactly is this company and is it worth what we're paying for it? Can it be replaced easily once the exclusivity agreements end? We already know that the last mile is expensive and time consuming to replace and it seems to be placing the largest limitation on the network. I see at least three or four problems off the top of my head which exist between the head end location and the subscriber location But this is not the part that ATHM owns. I want to get a handle on the part that they own....what is it worth? Nothing? Anything? Is the company only it's contracts which are running out? In a later post you say that ATHM is in a position of renting and that it might be in their best interest to own (roll their own). Don't the MSOs pay "rent" as well to ATHM to be connected to the larger Internet? It seems that they have already decided that it may not be in their best interest to own. They've just lost Big Bird to the competition. So you think that AOL will be able to get away with only offering high speed cable to TWX properties? That they will still not have to make a deal with the consortium for access on their network as well? That they can wait the 2 years for the agreements to run out to start sucking money back up that coax? I can hear the wailing now.