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To: Michael Young who wrote (13320)8/3/1999 1:07:00 AM
From: E. Davies  Respond to of 29970
 
The dilution would be huge and the market will hate it.

Dont forget that from the point of view of YHOO it would look like a purchase of Excite and some kind of deal with an independent @home for broadband access.

I doubt that #6 Excite is large enough to be considered "huge" dilution to #1 Yahoo and broadband access would put Yahoo! into a whole new class of operation. I doubt the market will think it bad news for them, assuming the market reacts at all.

If the deal were actually ever announced it would be a different story. You would be absolutely right.
Eric