Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: MIKE REDDERT who wrote (21071)	4/19/2000 8:22:00 PM
From: Rob C.	Read Replies (1) \| Respond to of 29970

Mike, Doesn't the T news give us some well needed downside protection? Am I reading into it the wrong way? AT&T agreed to give Comcast and Cox the right to sell their Excite@Home shares to AT&T for a minimum price of $48 a share in cash or stock between Jan. 1, 2001, and June 4, 2002. Comcast and Cox each own about 30 million Class A Excite shares, or about 8% of the outstanding shares. AT&T's purchase obligation is limited to an aggregate value of about $3 billion. AT&T expects to consolidate Excite@Home's financial results with its own. AT&T expects this to increase 2000 revenue by about $400 million and have no significant impact on cash earnings. But because of amortization of goodwill and other noncash charges, AT&T expects a reduction in 2000 operational earnings of about 20 cents a share and a decline in 2000 reported earnings of about 5 cents a share.