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

To: Boplicity who wrote (6187)	3/11/1999 9:56:00 PM
From: Bahama	Respond to of 29970

What's another half a billion bucks among friends: Intuit, which owns nearly 10% of Excite, says it has decided to dispose of 4.35 million of its 5.35 million shares in the company, which have agreed to be acquired by high-speed Internet access provider @Home (ATHM:Nasdaq). Intuit already sold 450,000 shares in the company last month. Intuit didn't report an outright sale; rather, it said in the amended 13-D filing it has agreed to a term sheet to dispose of the shares through Credit Suisse Financial Products and will deliver the shares to CSFP by Sept. 30. The transaction seems designed to preserve Intuit's promise to vote its current shareholdings in favor of the @Home/Excite merger. In January, America Online (AOL:NYSE) -- at the time another major Excite shareholder -- disclosed that it had sold its 4.9 million-share stake in the company. Wouldn't that have been interesting! What I'm wondering.....after all is said and done, isn't this essentially a share buyback?

To: Boplicity who wrote (6187)	3/12/1999 1:22:00 PM
From: Stuart C Hall	Read Replies (2) \| Respond to of 29970

Hi Greg, Hey man, I didn't write the article. However, lots of people will read it and it could have affected our price to the negative. I'm as long on ATHM as you are and I know that ADSL sucks, but does your neighbor or your coworker? Didn't you and I tango over ATHM and AOL a month ago with you playing AOL side and me chiming in on ATHM? AOL sucks. But they're a threat and the fact that these types of articles are being published means we need to read them and refute them publicly for our novice investor friends who come here for the "real" truth. Oh, and I see you've joined the CMGI thread. Please fasten your seatbelt and keep your hands inside the car at all times. Regards, Stuart