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

To: santhosh mohan who wrote (3091)	11/22/1997 7:30:00 PM
From: Bill Harmond	Respond to of 27307

You're right! I'm sorry about the Sequoia Fund confusion. Softbank is well-diversified. They're heavily leveraged, but globally well-diversified. Besides their Yahoo stake, they own Ziff-Davis Publishing here in the US, and the COMDEX trade shows. I've seen a presentation by CMGI. They're pretty smart people, and have a broad portfolio, but I don't see the bearing on the MSN/Yahoo arrangement.

To: santhosh mohan who wrote (3091)	11/22/1997 8:09:00 PM
From: Rational	Read Replies (3) \| Respond to of 27307

Santosh: To add to your points: Sequoia and other big shareholders must have bought the shares at the IPO price, not at $50+. The big shareholders will begin to download (when the shares become unrestricted, i.e., can be sold) while the irrational exuberance lasts. Japanese securities firms are being compelled by BOJ to shed their risky assets to boost the falling capital ratios -- this is a very recent development. Today Yamaichi ($190 B assets) is closing its operations and its assets will be liquidated. The Hokkaido Bank (one of the 10 largest banks in Japan) has already failed in the last week. Can you help, Santosh, in finding out if indeed Softbank is a Japanese bank? If so, YHOO will be an unambiguously excellent short candidate, IMHO. Sankar