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

To: E. Davies who wrote (20101)	3/11/2000 5:13:00 PM
From: MIKE REDDERT	Read Replies (2) \| Respond to of 29970

Now this is interesting: <@home is worth $11 Billion alone without even blinking. Excite $7+ Matchlogic/Enliven ~$5+. @work ~5, ...> A few seconds after I posted that I would value Excite at close to zero, at the current market cap, because of flawed valuation of @Home, and the lack of inclusion of @work/Matchlogic/Enliven, you come out and say the same thing. Wonder if analysts and the public might wake up to this in the near future. Mike

To: E. Davies who wrote (20101)	3/11/2000 11:21:00 PM
From: MIKE REDDERT	Respond to of 29970

The various chat rooms are busting at the seams with talk about that $125 Prudential reiteration. Monday should be an interesting day for ATHM. Mike

To: E. Davies who wrote (20101)	3/12/2000 3:29:00 AM
From: KW Wingman	Read Replies (1) \| Respond to of 29970

Eric, Thank you for clearing this up for the slow learners. <<They want to be the broadband AOL. Is that so hard to grasp? I still remember how the stock exploded when somebody coined the term "AOL on steroids". Nothing has changed, why does everyone think it has?>> <<One point that he and everyone else has been beating home is that nobody seems to understand the goals of the company. Why is it so complex to everyone? >> If someone still finds it complex after your very clear explanation, it may help if they would repeat the following mantra before trading in stocks again. "ATHM wants to be the broadband AOL." "They want to be the broadband AOL." "ATHM wants to be the broadband AOL." "They want to be the broadband AOL." "Excite@Home wants to be the broadband AOL." "They want to be the broadband AOL." "ATHM wants to be the broadband AOL." See ATHM run, run ATHM run.

To: E. Davies who wrote (20101)	3/12/2000 3:11:00 PM
From: ld5030	Respond to of 29970

<<One point that he and everyone else has been beating home is that nobody seems to understand the goals of the company. Why is it so complex to everyone?>> It is a somewhat eclectic and multifarious plan--ISP, free ISP, delivery, content, narrowband portal, broadband portal, B2B, advertising, cable, DSP, greeting cards, chocolates, and on and on. But even as confusing as ATHM's gameplan has been, the more confusing behavior has been on the part of the market. The market only focuses on ATHM's relationship with T as if that is the only thing that will make or break the company. Open Access has only been vaguely defined, one agreement only for T, and only in 2 1/2 years. Legal pressure from AOL has subsided significantly. In the meantime subs are added at an accelerated pace. ATHM is one of the few dot coms to make a profit. Excite, long chastised on this thread, is working on ways to leverage the speed advantage. IMHO, the jury is not out on Excite until we see their broadband portal. And even if that portal has problems, Excite has first mover advantage for iterative improvement. The Fool's valuation argument is specious, at best. No one is doing what ATHM is doing. Even if they do not hit on all cylinders they will survive and thrive. As Eric has pointed out, the market is a popularity contest. I am betting that sooner or later the market will "get it" and ATHM will soar. In fact, although it is not kosher to mention, I have significantly increased my position. Faith without works is nothing. The best stock swoops down to pick you up and takes you for a ride into the stratosphere. We've seen the first part. KB has an interesting strategy for ATHM, that of a broadband distribution house. Frank Coluccio has suggested that they make a secondary offering and run FTTH into the heart of AOL/TWX territory. I would love to see either of these, but then again it adds to the eclecticism.