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


To: Elsewhere who wrote (24139)7/27/2000 6:27:39 PM
From: gpowell  Read Replies (1) | Respond to of 29970
 
Good thing Bell knows that drastic times call for drastic actions. ...

In 2000, George Bell was the CEO of Excite@Home. His team had plunged the stock price after a few months in control. Before his group became hopelessly mired in worthless options, he came up with a plan. He decided to take the international assets and cash of ATHM, merge with another international company, and take the new entity through IPO. He became the Co-CEO of the new entity and received millions of shares in the new company.

“What’s the worst that could happen? We’d have to pay off a few MSOs? At least we got something for ourselves out of that crummy ATHM.”