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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 244.25-2.0%3:59 PM EST
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To: Victor Lazlo who wrote (90742)1/12/2000 12:52:00 AM
From: Randy Ellingson  Read Replies (2) of 164684
 
I agree yhoo had great no's.
but why only a 2 for 1 split? Why do they even bother?

I suspect that it is not Yahoo's intent to raise their stock price as high as possible. My take is that they want the stock price to lie closer to what they perceive as the true valuation. So a 2:1 keeps the momentum players somewhat at bay (doesn't it?). They prefer their shares be owned by long term owners, and typically we could care less about the exact nature of the split, or if it splits at all.

Randy
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