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

To: Solid who wrote (19953)	3/6/2000 9:23:00 PM
From: Maverick	Respond to of 29970

ATHM will serve 440K MediaOne subs;T&UMG deal approved by 3/00 propeling ATHM. MediaOne Fires on All Burners 3/3/2000 cableworld.com By Joshua Cho In the midst of going through a monumental corporate merger with AT&T Corp. last year, MediaOne Group Inc. managed to keep on track with its system upgrades and new product rollouts, even beating its own projections on a couple of occasions. "We believe we're turning over the keys to a great operation to AT&T," MediaOne Group Inc. chairman Chuck Lillis said in a conference call to discuss fourth quarter earnings, probably the company's last earnings conference call before being swallowed by Ma Bell. Operating highlights outlined by Lillis for the end of the '99 fiscal year include: 220,000 high-speed data customers 66,000 telephony customers, adding some 24,000 in Q4 1.46 million advanced analog customers 56,000 digital cable subscribers, up from 5,000 at the end of '98 76% of its plant upgraded to two-way 750MHz capacity For the current year, MediaOne CEO Jan Peters said the company expects subscriber growth in the 1.5%-1.7% range, while revenue growth is expected to be in the low teens and EBITDA is anticipated to be in the low to mid-teens. Capital expenditures are predicted to be in the $1.3-$1.5 billion range as the company continues its upgrade and new product roll out phase. Other projections Peters expects the company to meet by year's-end include: 300,000 digital video subscribers 440,000 high-speed data customers 150,000 telephone subscribers The company is also expecting around $12 billion this year from the sale of its international assets. Lillis said that he expects all the required regulatory approvals regarding the AT&T merger to be received by the end of the first quarter of this year with the closing following "shortly thereafter." Cable World interview w/ ATHM's CEO George Bell cableworld.com CW: What are your immediate priorities? The company will attempt to extend its broadband leadership position and that has implications for both the content side and the network side. On the network side, we finished the year with 72 million homes worldwide under contract. Now 24 million of the 72 million are marketable, upgraded for two-way. Recognize that 59 million of those 72 million homes are in North America. So we're not going to get a lot bigger in North America. Time Warner's gone with AOL. We have AT&T. We're about to have MediaOne. We have Cox, Comcast, Cablevision, Rogers, Shaw and 19 other MSOs plus our @Solutions company that we have which allows for the very small cable systems to get deployed on high-speed. What's left is Charter and Adelphia, and we already serve 3 million homes of Charter's through acquisitions. So most of our growth in terms of footprint will occur outside the U.S. One of the things about 2000 is it's a year of international focus. So far, our international partnerships have been with cable companies. We expect most of them would be that way in 2000. We have five joint ventures overseas right now. The second thing is we will work with our cable partners to shift the installation model to a retail model where you have DOCSIS imbedded modems in the PC. This past Christmas we were in 2,000 retail outlets. We've got agreements with H-P, Compaq, Dell and others to optimize their modem production for our service.