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Technology Stocks : Altaba Inc. (formerly Yahoo)

AABA 19.63

0.0%

Nov 6 4:00 PM EST

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To: Millionairess who wrote (22104)	6/21/1999 2:34:00 PM
From: Millionairess	Read Replies (1) of 27307

from briefing today: ...12:49 ET ****** Yahoo! Inc. (YHOO) 153 3/8 +8 7/8: As a leading Internet company, the deals never cease. The stock is continuing to rebound from the recent low of just under $120 (June 15, 1999) as management advances new deals that are intended to keep Yahoo! in front of more Internet users. Among the many deals that could continue to set Yahoo! apart from its competitors is the news that appeared in the Sunday Times of London yesterday that would involve Reuters plc, the behemoth financial news organization and its Instinet unit. According to the article in the Times, Reuters is said to be engaged in talks with Yahoo! to provide private investors access to its Instinet electronic brokerage unit via the Internet. If this story proves to be correct, it would be a major coup for Yahoo!, although whether it will benefit retail investors is quite debatable. While Reuters is likely to sign similar deals with other online distributors, the arrangement to carry Instinet quotes on Yahoo! would help set the company apart given the large amount of financial information this Internet portal already carries. With electronic trading is still very much at the infancy of growth and the catalyst for how individuals manage their finances, providing access to Instinet would place Yahoo! in a position that would make it hard for others to duplicate. Not that Instinet trading would be significantly revolutionized by this deal since trading in after hours remains very thin. But just having access to an electronic trading systems that is currently limited to institutional players could be significant, especially at a time when trading hours are about to be expanded. While the advantages could be short-lived if trading hours do expand, deals of this magnitude are nonetheless the reason why Yahoo! continues to enjoy a leading position on the Internet and why the company continues to hold value. This is why Yahoo! remains on Briefing's core holdings. - RN

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