Altaba Inc. (formerly Yahoo) Message Board

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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: ItsAllCyclical who wrote (3603)	12/4/1997 10:35:00 PM
From: Bill Wexler	Read Replies (2) of 27307

Is Lucent CRAZY? I just read that there is an ASND buyout rumor. Lucent (LU) wants to offer $35 a share for the company - making the purchase price about $7 billion. This is insane! Why would anyone waste $7 billion for a company like ASND (TTM revenues - about $1.0 billion, TTM earnings - about $170 million before charges related to the Cascade merger), when they can buy the Yahoo web site for a bargain-basement $2.7 billion? Obviously Lucent is a "rear view mirror" investor...they are old-style thinkers who want to buy companies with large revenue/earnings streams and impressive technologies. But us Yahoo longs know better. Earnings and reasonable PSRs are irrelevant to the truly knowledgeable investor. I'd rather put my faith in page views, banner ads, and internet "land grab" metaphors.

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