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

To: Jing Qian who wrote (5838)	2/28/1999 10:51:00 PM
From: ahhaha	Read Replies (1) \| Respond to of 29970

How did you dream up this ersatz collection of fully disconnected actions? It is like playing Monopoly. You have these pieces that represent property and you have this board that represents actions. The dice represent random failure. The players throw the dice, buy and sell, move around, and one eventually evicts everyone else. Just before the final bankruptcy Fido chases Skat over the paper shuffle knocking it into the Stone Age so no one knows exactly what went where or who still had anything and what it was. Because it isn't decidable, the game starts anew. You are forgetting months of discussions on this thread. T isn't going to sell ATHM. It is extremely improbable that they would attempt a hostile takeover of AOL. That invites trouble from the government and that is exactly what T can't afford even if they could afford AOL. Let me reiterate the conclusion of all those months: T didn't buy TCI for the wire. They bought TCI because TCI has a big chunk of ATHM stock. It just so happens, not surprisingly, that TCI was the major factor in the creation of ATHM. So actually it is absurd to say that T bought TCI only for ATHM. It is like separating fire and its power to burn or water and its wetness. How could T separate those two? Does T control Cox? It is easy to relegate ATHM to merely an ISP status. The claim is that ATHM is nothing without the wire. If Coke didn't have its label, could you discern between it and Fizzpizz Cola? Man, does anyone understand what creates taste? AOL is merely an ISP. Guess their presentation brand is worthless. Concrete things are of value but they are far less of value than the things that enable people to do things with concrete. Value accrues to what people do, not the scrap value of what has been done. What is it that AOL, ATHM, ELNK, MSPG, et al, have that makes them of value? None own the wire. If T was only looking for subscribers, why don't they buy ELNK? Cheap and good. Or, buy Cox, they own the wire. Throw the dice.