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

To: GraceZ who wrote (28707)	7/24/2001 10:53:12 PM
From: GraceZ	Read Replies (1) \| Respond to of 29970

Someone who went to the meeting today: leviticus.boards.fool.com Author: Pokerkurt Number: of 52568 Subject: Meeting Date: 7/24/01 9:29 PM Post New • Post Reply • Reply Later • Create Poll • Post News Report this Post • Recommend it! Recommendations: 8 Here was my take on meeting.I got up this mornning in San Jose and had to force myself to go I was so depressed. I am glad I did, I feel alot better although I think it will take time to get tru this crap.She said there making profit on broadband but the media is whats losing vasts amount of money. They have been there 90 days or less but cutting costs and looking at options. They can`t shut the doors on media because of all the contracts they would still be held to. She said she has no plans for stock split. That she is trying to put as many tolls in her tool box as possible on market conditions. She would rather have the option and not use it then not have the option and need to use it. They`re plan for raising more money is sell assets or create other revenue streams.They have already recieved calls(plural) on sorces offering to to provide more finances but they are persuing the other mention options rather then giving up equity or creating debt. alot lot more will gather thoughts and post again. The reason for not a exact time on profitabilty is how long depends on new contracts with MSO`s. They are negosiating a flat rate with them. To insure getting money from every sub. They are tired of MSO`s doing promotions that cause revenues to go down. I know this because Cox was offering something like a couple of months free ATHM if they hooked up with phone service. Well 35% of nothing is nothing. The reason they have not cut any national deals big media like disney or microsoft is the exclusive contract with MSO`s prevent it. But after December its on the lists. And big players also seem very enthused about the possiblities. They reiterated they will be getting wholesale revenues when open access is here from other ISP`s from cable companies. Mark Mceachen said Promedian(?spelling) IS LONG ON THE STOCK and is supportive get stock price as far above 4.39 as possible. He said in fact its to everyones best interest to get the stock price up.The broadband is growing as fast as ever and they expect it to continue not only in subs but also in technology and infrastructure to provide the best bandwith and nobody stands against them. As a salesman and a bluffer(poker) all my life I felt they were being honest and not cream color anything. I got the picture from them that nobody expected the media advertising to fall off so much so fast and has caused a mess but that there was deffinately a lite at the end of the tunnel. How long that tunnel is, is the question.