Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Bud Fox who wrote (1118)	1/11/1998 10:59:00 PM
From: Frost Byte	Respond to of 29970

This news came out of London on Monday morning in the Financial times: (NO WONDER INSIDERS HAVN'T BEEN SELLING!) Cable: UK groups mull At Home link MONDAY JANUARY 12 1998 By John Gapper in London and Nicholas Denton in San Francisco Cable companies in the UK are having detailed talks with At Home Network, the US provider of high-speed internet access over cable networks, to establish a similar service for the UK's 1.8m cable customers. Cable and Wireless Communications, NTL and Telewest, the three largest British cable companies, have discussed setting up a joint venture company - in which all four partners would hold equity - to replicate At Home's services. At Home is thought to have produced draft proposals for a UK joint venture at Christmas. These are now being considered by the UK companies. The talks are significant for UK cable companies because At Home's service, which carries data up to 100 times faster than ordinary telephone lines, has contributed to a strong revival in the market valuations of US cable companies. By providing internet access as well as new television channels, US cable companies are seeking to differentiate themselves from satellite broadcasters as well as developing revenues from advertising and home shopping. This promise lies behind much of the recovery in the shares of US cable companies, several of which have doubled from their lows last year. At Home uses the infrastructure of participating cable companies, linked by a "backbone" network it has built. Lead investors in At Home, which went public in July 1997 and is valued at $2.6bn, include Tele-Communications Inc and Comcast, two of the largest US cable companies, as well as Kleiner Perkins, the venture capital firm. At Home, CWC and Telewest declined to comment on the negotiations.