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

To: E. Davies who wrote (27643)	4/17/2001 6:23:36 PM
From: gpowell	Read Replies (1) \| Respond to of 29970

According to my analysis they should have burned about 72 million in cash this quarter (52 million from operations and 20 million in capx), a discrepancy of 25 million. The numbers they released today are surprisingly close to assumptions I made late last year and yet their cash burn rate is much faster than I can account for. I had assumed declining revenue from media from $308 to $162 million and still I have them with cash left in the bank at the end of the year. Therefore, either their fixed expenses on the media side are much greater than I accounted for or they are choosing to spend money on something else. What's pathetic is they are now faced with selling BB assets for cash.