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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: gc who wrote (19303)1/28/1999 1:26:00 AM
From: Global Investor  Read Replies (1) of 27307
 
Acquisition will be excellent for YHOO.

YHOO is using high stock price to purchase a cheaper
competitor. Granted that the premium is high but relatively
speaking, because of YHOO's price, this is a positive.
In the long-run, this will cement YHOO's #1 Internet brand.
For whatever it is worth, some of my insitutional friends are seriously looking at YHOO because of the brand name and that it does make money despite the high PE. Also, there are
Street rumors that YHOO may be considered for addition
to the S&P 500.

Brand names and franchises count. E.g.
KO's brand name is worth at least 50% of the stock price.

Expect AOL boost and this announcement to boost YHOO's
stock price at open +40. Today's sell-off was due to
last-hour Nasdaq profit-taking.
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