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


To: ahhaha who wrote (24298)7/30/2000 1:12:44 PM
From: Richard  Read Replies (3) | Respond to of 29970
 
Could it be that the following is a major issue:

It has been widely rumored that Excite@Home is attempting to buy Chello, something which Excite@Home CEO George Bell refuses to confirm or deny. Meanwhile, AT&T, Comcast, and Cox Communications are trying to gain majority control of Excite@Home, though the action has been postponed due to a court action by Cablevision filed in Delaware Chancery Court last Friday. infoworld.com

The Cablevision court action is scheduled to begin in September. It has often been said that anything with two or more heads is a MONSTER and it would also seam that AT&T was on track to correcting the situation before Cablevision made their move. AT&T has guaranteed to purchase Comcast's shares of @Home for at least $40 regardless of how they resolve the Cablevision action. Could it be that the recent per share price of T and ATHM are just a reflection of the uncertainty, delay and risk produced by the court action?

Also, might the lack of aggressiveness also have been caused by the uncertainty of what the REAL cost of getting rid of the MONSTER is in addition to what the total cost of the build-out is going to be?

Having nothing but admiration and respect for what you have been communicating on this thread, I was wondering if you might share your comments with us on the above. It would be greatly appreciated.