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Article #208

Re: Another New Low, ATHM Closes at $4.00

#208
From: Michael Walsh
Date: Fri, 22 Dec 2000 23:10
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Mike Blackford wrote:

> Proving that 2,300 morons (assuming a few dozen aren't) can actually
> achieve the three-way correlation between competence, service levels, and
> stock price, ATHM's market "value" closed at a new low today of
> $4.00/share, after dipping to $3.91 in likely preparation for tomorrow's
> 'values'.

( Snipped rest )

Er, I have noticed a complete collapse of the NASDAQ and a drop in
the Dow Jones and Standard & Poors indices lately.

AT&T has quite a few problems other than @Home so that is not the
only thing affecting it.

I also have read some belief that @Home is a good buy at current
levels, although that is the sort of thing that was said by a lot of
stock analysts for stocks that have already not only lost value, but
some of which have gone bankrupt.

From what I have read I believe the problem with the @Home stock
is more likely to be from the cost of adding very large numbers of
customers rather than anything resulting from action by their customers
because of bad service.  If there is a cost problem it is more likely
to be a result of their attempts to provide new service and costs in
fixing the problem than because people are disenchanted with them.

Mike Walsh
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