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

To: Tim McCormick who wrote (3803)	1/3/1999 1:12:00 AM
From: ahhaha	Read Replies (1) \| Respond to of 29970

Share representation. By law it is the final arbiter, not Board representation. That is one of the benefits of owning common stock. T has 40% if the merger goes through. Nothing materially would change. T does not want to commandeer the company because it would invite regulatory review and interference. The company is being run well, so why should T want to change something that is working? Further, T wants to develop a new service called ATT Consumer Services which will take over many of the undesirable TCI-oriented activities in which ATHM must currently engage. This would free up resources that are misdirected. This is a synergy that would best be abetted if T stayed out of management's soup allowing them to pursue the other aspects of the global vision they both share. MSO exclusivity arrangements are a minor consideration at best. Even if the cable partners were not stockholders, they certainly wouldn't want to give up the most lucrative aspect of their businesses. A few have done so in foreign countries. They wanted to roll their own. Big deal.