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Technology Stocks : Altaba Inc. (formerly Yahoo)
AABA 19.630.0%Nov 6 4:00 PM EST
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To: Mohan Marette who wrote (12248)7/8/1998 7:36:00 PM
From: Jeff Mills  Read Replies (3) of 27307
 
So Softbank will own 31% of YHOO--Fidelity owns around 11%. The way I see it--someone better make a move for YHOO and they better do it fast !

This YHOO situation reminds me HEAVILY of DELL 1996. Back then DELL was worth $10-$15 Billion dollars. It only had about 75 MM shares out at the time--and it kept splitting and splitting and running and running--absolutely obliterating shorts. Since Halloween night 1996, DELL has split the equivalent of 8 for 1. I paid $80 for DELL that day (I specifically recall!). DELL closed today at $96 1/2, which multiplied by 8 gives $772. $772!! DELLs cap today is near $50 BILLION--the small share base, multiple splits, and shorts have made longs RICH. (enter YHOO and its 54.6 MM shares--sound familiar?)

I see YHOO at $9 billion and I ask "why not $15 billion?". 115 MM page views per day--set top boxes coming, cable modems---the net is getting nothing but bigger every day. YHOO has had a great run, but I think the story is just unfolding and a "top" is not anywhere near to being made. Shorts are just plain blind to be even messing with this. Long is the only way to play YHOO right now. Softbank just dished out $183 per share. People had the chance to buy at $175 today. $220+ open Thursday AM.
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