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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: The_Guru_00 who wrote (18958)1/24/1999 2:45:00 PM
From: Smart Investor  Read Replies (2) of 27307
 
Hello Guru and All,

We all know Softbank and Son screwed many shorts last year. I think he will screw many longs this year. Look at the article on page 108 in Business Week, January 25, 1999. It said "Softbank suffered a $22 million loss in the six months ended last September. Though Softbank is sitting on unrealized gains from some hot investments- including YHOO!- that does not help its cash position." From what I can see, Softbank needs cash fast, and has huge gains in YHOO. I think Softbank will unwind its YHOO position to raise cash.
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