Silicon Investor (SI) -- The First Internet Community

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) -- Ignore unavailable to you. Want to Upgrade?

To: - who wrote (21947)	6/7/1999 9:45:00 PM
From: John Stockman	Read Replies (2) \| Respond to of 27307

Now that Tom Evans of Geocities has resigned, does that indicate that Yahoo stock will now take a dive? I'm guessing that Tuesday's price will go lower. Here is the article: GeoCities chief executive Tom Evans has resigned, on the heels of Yahoo completing its acquisition of the community site. Yahoo had earlier said that Evans would stay on as senior vice president of industry relations following Yahoo's $5 billion buyout of GeoCities, completed last month. But some had speculated that Evans's plans were in flux after the acquisition's close. More than half of GeoCities' 300 workers were laid off in the wake of the acquisition. GeoCities founder David Bohnett is now an outside advisor on community affairs for Yahoo. "My work is done," Evans told CNET News.com today. "I spent eight or nine years running companies, and I'd like to take some time off." Evans said that the integration of GeoCities into Yahoo had produced "powerful" results. As for his own employment plans, he said had been approached by a number of firms, mostly Internet related, and that while he was interested in getting back into the game at some point, nothing was imminent.