Actually, Dow Jones reported that YHOO is up on takeover specuation by AOL.
<<NEW YORK -(Dow Jones)- Although analysts say such a scenario isn't likely to happen, some investors apparently think America Online Inc. has plans to acquire an Internet-search engine operator.>>
<<Shares of Yahoo! Inc. (YHOO), the leading search service, were up $1.938, or 4.2%, at $47.625 in Friday afternoon trading. Lycos Inc. (LCOS) stock was up $3.125 or 11% at $31.25. Shares of Excite Inc. (XCIT), which is already 16%-owned by AOL, were up $3.25, or 14%, at $26.50. Shares of AOL (AOL), meanwhile, were up $5.00, or 7.3% at $73.50. On Thursday, Excite's shares jumped 15% while Lycos' stock advanced 11%.>>
<<Behind the speculation is a $750 million question. AOL, flush with $228 million in cash on its balance sheets and expecting another $175 million from its recent deal with WorldCom Inc. and CompuServe Corp., tapped the financial markets Wednesday for $350 million via convertible notes. The note offering left AOL followers on the Internet buzzing about what the nation's largest computer on-line service provider plans to do with the cash...<<
Cherio,
Chi-X hath Spoken!
"There shall be no wine, before its time." |
