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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: Bill Harmond who wrote (12791)7/15/1998 6:01:00 AM
From: craig crawford  Read Replies (1) of 27307
 
Interesting article in the WSJ Interactive talking about stock options and if they should be included when calculating market cap. I believe they should, and that's why I think YHOO's market cap is around $10 billion at todays price, when many are saying $8-9 billion.

GE and Microsoft Battle For 'Market King' Title

By LESLIE SCISM and DAVID BANK
Staff Reporters of THE WALL STREET JOURNAL

interactive.wsj.com

(excerpt)

Who has the biggest market capitalization?

Until recently, this was a pretty straightforward question. Take common shares outstanding, multiply by share price and voila! the answer for most of the 1990s was General Electric.

But then came the proliferation of executive stock options, and simple mathematics no longer does the job. If one considers the millions of stock-option grants issued by Microsoft, but not yet exercised, GE was dethroned Monday although its shares rebounded Tuesday to allow it to regain the top spot -- at least temporarily.

Counting the options, software giant Microsoft, at $315.66 billion, briefly passed GE, whose market cap Monday night was $312.03 billion.
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