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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (45674)	12/27/2001 12:43:11 PM
From: Sully-	Respond to of 65232

12:41 ET HotJobs.com (HOTJ) 10.41 -0.26 (-2.5%): -- Update -- Hours after TMP Worldwide announces that it will not raise its bid for HOTJ, co and Yahoo! announce a definitive merger agreement. Under terms of the deal, YHOO will acquire HOTJ for $10.50 per share in cash and stock. Total value of the deal is $436 mln. 12:36 ET TMP Worldwide (TMPW) 44.64 +2.76 (+6.6%): -- Update -- USB Piper Jaffray has mixed feelings about the HotJobs (HOTJ) situation. On the positive side, TMPW can place its focus back on running its business. Conversely, competitors are beginning to emerge with the newspapers and Yahoo!, although firm believes it will likely take time for these competitors to organize.