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

To: LRS who wrote (3313)	11/30/1997 1:14:00 PM
From: Bill Harmond	Read Replies (1) \| Respond to of 27307

If I had been a struggling Four11 player, I'd sell some shares, move out of my rental apartment, buy a nice house in Palo Alto, give my spouse a great new car and an unlimited pass to Stanford Shopping Center, and send my kids to the best schools. The Yahoo merger is the payoff of a lifetime. As a Yahoo employee, there'd probably be more Yahoo stock incentives down the road anyway. I bet most of them owned their Four11 shares longer than 18 months, so the tax hit is much smaller than you say.

To: LRS who wrote (3313)	11/30/1997 1:18:00 PM
From: fut_trade	Read Replies (1) \| Respond to of 27307

What I'm curious about is what Yahoo! has planned for the future now that they have acquired new programming talent from Four11. Obviously they are now in good position for further expansion on the internet market. Peter

To: LRS who wrote (3313)	11/30/1997 1:26:00 PM
From: Rational	Read Replies (1) \| Respond to of 27307

why these guys did not go for the loan instead of the 33% capital gains haircut. If 411 owners sold 411 to YHOO for YHOO stock at $52, say, and then sold these YHOO shares in the open market at $52, there is no capital gains tax. This is because exchanging 411 for some $52 YHOO shares is like buying the shares at $52; instead of paying cash, 411 owners simply paid an equivalent sum by exchanging their assets. Then selling the acquired shares at $52 generates no capital gains and taxes to 411 shareholders. If your point is that 411 owners could have waited to enjoy YHOO's ride to $60 or $100 (and could have lived on some borrowed money till then), then Peter will have to defend why 411 owners did not believe that YHOO price would rise beyond $52. Actually, I feel that 411 owners have not sold their YHOO shares yet. Only short-sellers are still active in selling. There is some insider selling to live, but no massive selling yet. This could be because they might still believe that YHOO would rise above the current level. Sankar