Altaba Inc. (formerly Yahoo) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Altaba Inc. (formerly Yahoo)

AABA 19.63

0.0%

Nov 6 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: ricecr who wrote (12640)	7/10/1998 11:36:00 PM
From: L. M. Zeidler	Read Replies (1) of 27307

YAHOO rose 26 dollars a share Monday, in anticipation of an earnings report which was six cents a share higher than First Call consensus estimate. Insiders must've known what was in the report a few days in advance. If YAHOO were priced at the $26 by which it rose, fifteen cents a share in net profit would be less than other companies similarly priced-- say, Seagate. When the Commerce Department issued a report a few months ago that Internet commerce would be over $300 billion, YAHOO buyers reacted as if YAHOO would be earning the bulk of that figure, which isn't likely. When the history of this summer is written, this is what will be said. You can be online for hours on end without every visiting a YAHOO page. It would be interesting to cross-check the 18 million registered users against AOL's subscriber list to see how many duplicates there are. SOFTBANK's purchase agreement at 183 prevented the stock from sliding back to 150, last week, but this will prove to be as temporary as the Federal Reserve Board intervening to prop up the JAPANESE YEN.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next