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

To: G_Barr who wrote (23604)	7/18/2000 2:21:06 PM
From: ahhaha	Read Replies (2) \| Respond to of 29970

The question isn't so much of one of who owns what and whether some paper shuffle is fair. The question is how does the good idea get hatched. That can't be done under a committee-conglomerate management that's coming out of this deal unless one believes that management doesn't matter. No I don't mean buying Chello. That wouldn't have been possible as Franz and I discussed weeks ago. If Att calls the shots then what is ATHM? It isn't a company. It's an operating arm which makes few independent decisions. Therefore, it isn't a company and it has never defined itself. A strong CEO could call the shots regardless of what Att or any of the cable partners demanded. The majority interest may not necessarily be able to control the CEO especially if the CEO takes his argument to the public. In any event what is a CEO if the CEO's hands are tied? What is a company which ties the hands of its CEO? You are proving as I have that ATHM is not a company. What it is, remains undefined, and therefore this isn't an investment. the company feels it needs to move quickly and do something big to fight all the negatively out there. Of course, some night call this panic. You are suggesting that the right way to respond to perceived adversity is to surrender. When a perception of threat arises the way to respond is to rush in and throw resources at imagined chimeras? On whose time table is ATHM? To what negativity are you referring? The negativity generated by the press because its hard to overcome the inertia of starting out? About the worst thing you can do is react to what someone else fears, but ATHM doesn't have a leader that understands this. Bell is no better than Jermo. Therefore, my original prediction about him must be reinstated. He's a dead duck for this pseudo company. On the assumption that such a non-competitive provision has been put in place, how does that protect the company from having technologically enabled an entity and then being forced to sell its interest in the entity by others who are actually in control? The bottom line here is who is in control and ATHM is far from it either in the form of Bell or Att. Att will come out of this a relative loser too.