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

To: ahhaha who wrote (2874)	10/13/1998 5:20:00 PM
From: FR1	Read Replies (1) \| Respond to of 29970

Ahhaha - What does this tell you for the near term future of ATHM? What do you see as the good and bad? ********************************************* Portions of NR - See complete NR at : home.net REDWOOD CITY, Calif., October 13, 1998 -- @Home Network (Nasdaq: ATHM) today reported revenue totaling $13.8 million for the third quarter ended September 30, 1998, a 50% increase over revenue of $9.2 million reported in the second quarter ended June 30, 1998. The net loss for the third quarter was approximately $9.7 million, or $0.08 per share, compared to $11.1 million, or $0.10 per share in the second quarter of 1998. The company reported a gross profit of $1.6 million for the third quarter of 1998. Revenue and net loss for the third quarter of 1997 were $1.9 million and $11.9 million, respectively. Weighted average shares outstanding were 115.1 million for the quarter ended September 30, 1998, excluding shares reserved for outstanding warrants and employee stock options. ------ @Home's cable modem subscriber base has more than quadrupled since the beginning of 1998. At September 30, 1998, @Home served more than 210,000 cable modem subscribers across North America, an increase of 43% from 147,000 subscribers reported at June 30, 1998. The base of homes with access to two-way upgraded plant increased to 10 million at September 30, 1998 from 7.9 million at June 30, 1998. These numbers include Internet service subscribers served by new @Home affiliates that are currently being converted to the @Home service, as well as these affiliates' upgraded homes passed. In addition, during the third quarter of 1998, the @Home service was expanded in 13 new markets, raising the total number of active U.S. and Canadian markets to 44. ******************************** Franz