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

To: Richard Habib who wrote (21113)	4/20/2000 3:32:00 AM
From: E. Davies	Read Replies (1) \| Respond to of 29970

Book value means nothing. Its just the "value" of all the overpriced .coms ATHM purchased. it will have lost a lot more money and will have about 3M subs and about $600M sales The projected losses are trivial in the big picture- it's simply the principle of the matter that's destructive. They could not have picked a worse time to change the business model. Who says a co that is doubling every year only deserves a P/S of 10? BTW: a P/S of 10 would put YHOO at around $15 in a year too. CSCO (with a much smaller growth rate) would be a bit over $20. Eric

To: Richard Habib who wrote (21113)	4/20/2000 10:56:00 AM
From: waldemar cyranski	Read Replies (4) \| Respond to of 29970

Gentlemen, I just landed on this thread and am curious if this company is a competitor to/of Comcast @ HOME ? I just recently signed up for Comcast's Cable Modem. Aside from a hysterical market in tech stocks, whats the worst that can happen to this company if one buys the stock at the present range or bit less? 16-17 ? Thanks, Waldy

To: Richard Habib who wrote (21113)	4/20/2000 11:06:00 AM
From: gpowell	Respond to of 29970

Why the shift in strategies? They stated it in the CC. ATHM wants to gain majority ownership in their international joint ventures. The most problematic of ATHM's problems domestically, has been the convoluted ownership (now rectified with AT&T in control). So, the plan is to spend money now to gain control - spin out the international holdings into two or more separate companies and then use the new ipo currency to fuel further international expansion. I like the concept. I just wish they had called me first.