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Technology Stocks : Altaba Inc. (formerly Yahoo) -- Ignore unavailable to you. Want to Upgrade?


To: denni who wrote (2429)11/5/1997 1:02:00 PM
From: LRS  Respond to of 27307
 
Of course YHOO's price in the U.S. markets has nothing to do with its small float....like the situation in Japan.

Are any U.S. YHOO investors trying to get a piece of the Japan action????? YHOO Japan must be at least 3 years behind their U.S. counterpart, so if you buy the pure Japanese shares (forget getting a piece of it through YHOO's partial ownership of the Japan subsidiary, that's too wimpy) your upside should be that much greater? Any thoughts from the long side of the fence?

Yahoo! Japan Corp. defied Japan's sluggish equity markets yesterday with a strong debut on the over-the-counter market as the new shares traded at two million yen ($16,468) each, nearly three times the initial public offering price of 700,000 yen. Yahoo Japan is 58% owned by Japanese software maker Softbank Corp. and 39% by Internet directory provider Yahoo! Inc. Analysts attributed the performance to a shortage of supply as investors, constrained by the company's very small float of 975 shares, scrambled for exposure to the Internet theme. .