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

To: Joel Patterson who wrote (28763)	7/26/2001 5:44:07 PM
From: GraceZ	Read Replies (3) \| Respond to of 29970

How much debt does ATHM carry? Could a company pick up the pieces at auction? Loads of debt. Basically the biggest difference between PSIX and ATHM is that ATHM does something that no one else does or WANTS to do (except for that fool at Shaw). The cost of providing what ATHM provides is actually getting higher not lower, so it is completely unattractive to new entrants. PSIX provided a service that everyone and their brother offered into a declining cost and pricing environment with assets that couldn't be depreciated as fast as they were dropping in value. There are no pieces that ATHM really owns, the headends have to be sold back to the MSOs in the event of their demise. There are Data Centers, but in an environment like today they are not worth anything near what was paid to build them. The only asset ATHM truly owns is the expertise gained from running such a large network. This is not such a small thing. If they'd stop crying in their capacino over their underwater stock ops there at headquarters and start reminding everyone of this perhaps the stock wouldn't be in such a state. It's not enough to be an asset to your customers (in this case, the MSOs), you have to make sure that customer KNOWS this every single day.