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

To: Boplicity who wrote (7763)	4/12/1999 9:39:00 PM
From: riposte	Respond to of 29970

Broadband all the buzz on Wall Street By Corey Grice and Aimee Male Staff Writers, CNET News.com April 12, 1999, 6:00 p.m. PT Broadband stocks have made serious waves on Wall Street, as investors buy shares in firms that are leading the charge for high-speed Net connections. [TEXT DELETED] Looking to @Home Some analysts are pointing to @Home as the reason for the recent broadband breakout. "What's driving this is @Home," said Tom Friedberg, an analyst at Janco Partners, an equity research firm specializing in the telecommunications industry. "Many people have valued Covad and Rhythms on @Home and if @Home comes in ahead of its numbers the stocks may continue to run. If not, we may see a sell off on Wednesday." @Home is scheduled to report first quarter earnings and subscriber numbers tomorrow after the market closes. Indeed, Pacific Crest Securities analyst Brent Bracelin compared Covad to @Home, a growing Net access provider which uses the competing cable modem technology, when initiating coverage with a "buy" rating and setting a $100 price target on Covad today. Bracelin said Covad and its DSL competitors could perform even better than Wall Street darling @Home has. "DSL service providers will become key enablers of broadband Internet access outpacing the sales growth of cable modem providers such as @Home and Road Runner," he wrote in a report. @Home, too, finished at a new all-time high today. @Home shares gained more than 9 percent to close at 189.3125. The stock has traded as high as 178.5 and as low as 23.5 in the past year. [REMAINING TEXT DELETED] FULL TEXT @ news.com