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

To: ahhaha who wrote (10573)	6/6/1999 12:37:00 AM
From: Rippletum	Read Replies (2) \| Respond to of 29970

Here is the brief in the Oregon case. It doesn't look bad at all for Athm. mhcrc.org Esentially, T doesn't need to provide the service if it doesn't want to. Portlanders will be out of luck here as T has already said they will bypass Portland. What do these Portlanders think they accomplished? Plus based on the arguments made it doesn't seem that T had its "A" team of lawyers on this one. Should get overturned as a taking or intereference with TCI's rights to sell its system to T. Afterall, TCI had a valid expectation that its lines did not have these open access conditions and Portland seems to be taking that right away thus reducing the value of TCI's plant and equipment and thus its value to would be buyers, in this case T.

To: ahhaha who wrote (10573)	6/6/1999 1:38:00 PM
From: Racso	Read Replies (1) \| Respond to of 29970

I believe ATHM stock has or will reach bottom very soon. About 80% of volume traded on Friday [total of 11.4mm shares, the third biggest in one year], took place after 20:00 EST when the Oregon decision was announced. This final selloff was significant in volume and price decrease after the event to suggest that the market did capture the event to a great extent. It is also encouraging that most of Friday's drop took place before the annoucement: the stock drop from 111 to 100 before 20:00 EST [10% drop] and from 100 to 94.5 close after 20:00 EST [5.5% drop]. The behavior of ATT's stock is also encouraging: after an initial sellof when the news came from 54 to 52 1/2, the stock promptly recovered to 53 3/8. 40% of T's traded volume on Friday toolk place after 20:00 EST. The final price behavior of both ATHM and T was the initial verdict on the Oregon decision and may be the correct one. Notwithstanding allarguments posted on the potential impact of such decision on ATHM, afew facts stand clear: the decision does not have an actual financial/business impact on ATHM whatsoever since a) such decision is and will be appealed and b) the services referred to are not being offered yet.