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To: Glenn D. Rudolph who wrote (67220)7/12/1999 10:25:00 AM
From: Sarmad Y. Hermiz  Read Replies (2) | Respond to of 164684
 
Glenn,

>> Anyone have thoughts on the movement on YHOO thus far today???

The only thing I can think of is that the report showing pro-forma 11c was disappointing. What were they expecting ? I have no idea. But it is possible the dilution finally got to yhoo. As you know they gave away a third of the company to buy 2 money losers named GeoCities and Broadcast. I posted at the time that it cost those outfits around $100 million each (including marketing and buying of customers) to arrive at their $10 billion market cap. I also said that was total contempt by Yahoo mgmt for stockholders. So my interpretation, is that after 3 months to think about it, other investors agree.