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

To: ALTERN8 who wrote (20017)	3/8/2000 5:04:00 PM
From: Return to Sender	Read Replies (1) \| Respond to of 29970

I think it is pretty safe to start nibbling here. That being said recoveries do not happen in a day for any stock. I run an awful lot of charts on stocks in various "hot sectors". ATHM has been beat up for a long time. I'm definitely watching it closely now for an entry point. finance.yahoo.com RTS

To: ALTERN8 who wrote (20017)	3/8/2000 5:26:00 PM
From: Maverick	Read Replies (1) \| Respond to of 29970

Janco,HQ have BUY on ATHM who is profitable;100M US household to use cable NW Stock in Excite@Home flirts with new 52-week low By Corey Grice Staff Writer, CNET News.com March 8, 2000, 12:45 p.m. PT yahoo.cnet.com Excerpts follow: The decline is curious given the industrywide excitement over all things broadband and the series of steps the company has taken in recent months to clear up some uncertainty about its future and strategic direction. "It just feels like the wind has come out of the sails," said Ted Henderson, a cable industry analyst at Janco Partners, an investment firm specializing in the telecommunications industry. "We clearly are in a momentum-based market. The momentum works both ways to drive these stocks." Insiders, however, say the decline has left some executives scratching their heads. Although Internet access over cable wires is a new technology, its potential is huge, analysts say. Consumer demand for high-speed Net access has exploded as Web sites push e-commerce and offer broadband content such as streaming video. To date, only 2 million customers access the Net over cable lines, but nearly 100 million U.S. households will soon be able to surf over upgraded cable networks. Thus said, analysts believe that services such as Excite@Home and Time Warner's Road Runner will do well. A recent study by Strategis Group forecast cable modems will claim 46 percent of the 25 million subscribers in the high-speed Net market by 2004. With others seemingly in agreement that content and high-speed Net access could be a powerful combination--as evidenced by America Online's merger with Time Warner--Excite@Home would seem to be in an enviable position Analysts believe the stock slide began with new regulations, dubbed "open access," that could force Excite@Home and its cable operator partners to allow competing Net access companies such as AOL to use their network. Later, questions about the commitment of AT&T, Excite@Home's largest shareholder, overhung the stock after some cable companies expressed concern over the combination of Excite's Web content with @Home Network's cable network distribution system. Since then, the cries for open access have waned, and Excite@Home believes it satisfied its fidgety cable partners by agreeing to issue a tracking stock for its content and media properties. The company also recently topped 1 million subscribers and posted its first quarterly profit, a rarity for Internet companies. Wall Street analysts, who continue to maintain "buy" or "accumulate" ratings on Excite@Home, believe the company's stock will bounce back because it is the clear leader in the booming broadband market. "Broadband high-speed access right now is a positional game. Who is best positioned to deliver? Because nobody is doing it smoothly and hitting on all eight cylinders right now," Janco's Henderson said. "But nobody is better positioned than Excite@Home." Excite@Home has multiyear partnerships with some of the nation's largest cable operators. And the company has an early jump on the international Net access market, with several overseas joint ventures already in place. Those assets lead some analysts to believe Excite@Home stock, at its current depressed levels, is a great buy. Investment house Chase H&Q said the time to buy the stock is now and set a $50 per share price target, in a recent research report. "Excite@Home shares have been severely pressured over the last year as a result of concerns regarding open cable (regulations) and the Excite merger. We believe forthcoming partnerships with DSL providers and the issuance of a tracking stock for the Excite business could catalyze stock performance," Chase H&Q analyst David Levy, who has a "buy" rating on the stock, said in the report. "We believe Excite@Home is positioned to be a primary beneficiary of the largest and most untapped growth area of the Internet, namely high-speed services to and from the home," Levy wrote.