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

To: Tim McCormick who wrote (3733)	1/1/1999 3:22:00 PM
From: ahhaha	Read Replies (2) \| Respond to of 29970

Oh, Tim McCormick = Hiram Walker. It's worth 300 times sales. right now that is, right now. Now let's consider that HLIT is heavily dependent on ATHM. Did you not make the correlation between the stock charts? Actually, this whole sector has a similar pattern. I've spent 30 years quantifying investment and I can tell you that computations like you're doing aren't worth two cents. They always lead to the conclusion that you have already reached for emotional reasons. You can't compute what people will do. I keep thinking about the Graham & Dodd types. They have missed the entire bull market since 1982. The part that is especially entertaining is to buy the low PE stocks. Why do you think they have low PE except for the fact they have no growth prospects. Why buy stock that has no growth potential? ATHM has the greatest potential to grow on a sustained basis than any company which has ever existed. The visibility is extremely there. When I was I kid I remember my clever uncle say, "why buy IBM, it's just a cash register company". Even though I knew little about stocks, I knew that IBM was into computers and that people said that computers would be important in the future. Long afterwards I asked him about IBM. He just shook his head. Now I'm sure you read my 28,000 projection for ATHM, the behemoth. You don't put any stock in it. It's ridiculous. Can't happen because you can't see it. If you need to compute PEs, you shouldn't be in the stock market, because it isn't a time to buy stocks.

To: Tim McCormick who wrote (3733)	1/1/1999 3:27:00 PM
From: FR1	Read Replies (1) \| Respond to of 29970

Furthermore, ATHM's cable contracts exclude them from streaming media beyond 10 min. clips both in an effort to not strain cable plant and to not directly compete with traditional video services. That's not what ATHM told me. I asked them directly about this and they said that the restriction only applies to ATHM as an ISP. In other words, ATHM itself is not allowed to stream more than 10 minutes. I asked them if I can listen to a 2 hour stream originating from Joe's ISP and coming over @Home. ATHM said: Of course, it would be crazy to think that we are going to cut off transmission by anybody streaming over 10 minutes. You can do that right now. I asked how this misconception got out into the public. He said extremist and newspapers trying to shock people. You also failed to mention that the 10 minute streaming clause, which is fairly meaningless, is not in all contracts. You boldly state: ATHM's cable contracts . I can't remember for sure but I think ATHM told me that this clause was only in the TCI contract. Left unsaid, of course, is the fact that you can change any contract by mutual consent. Suppose some big company buys TCI. There can be a lot of contract changes in a short period of time.