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

To: KailuaBoy who wrote (27508)	4/3/2001 5:19:20 PM
From: E. Davies	Read Replies (1) \| Respond to of 29970

This part neatly summarizes my concern. They fix this and everything else is unimportant. Because we rely on our cable partners to offer the @Home service tocustomers, if our network does not perform to the levels that our cable partners demand, our relationships with our cable partners will suffer. Some of our cable partners have asserted that our network is not performing up to their expectations, and Cox has delayed payments due to us under our distribution agreement on this basis. We are currently negotiating service level agreements with Cox and Comcast, under which we may be obligated to pay damages if our network does not meet specified performance targets. Cox and Comcast may assert that they are entitled to delay payments equal to 20% to 60% of the amounts each company owes to us under our distribution agreements until we enter into these service level agreements. This could result in a decrease in our cash inflows. Please refer to the Transition Service Level Plan that is filed with Exhibit 10.20 to this annual report. If the @Home service does not meet the reliability levels that our cable partners seek, they may choose not to offer the service or may attempt to terminate their relationships with us.