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

To: Rio Jangada who wrote (5351)	12/30/1997 10:57:00 PM
From: fut_trade	Read Replies (1) \| Respond to of 27307

IBM and DELL are in different points in their growth cycle. Keep in mind that Yahoo! is only a couple of years old. Yahoo! needs her cash to fuel rapid expansion. Peter

To: Rio Jangada who wrote (5351)	12/30/1997 11:06:00 PM
From: Oeconomicus	Respond to of 27307

Rio, I think the outstanding options total more like 7.3 or 7.5 million (vesting over 4 years from grant, some granted in '95, some '96, etc. see the various SEC filings at sec.gov for details). And there's more available to be granted. Peter F., does it really take hundreds of millions of dollars "to attract and retain"? Well, I guess if the stock is ever reasonably valued, we'd only be talking tens of millions. Bob

To: Rio Jangada who wrote (5351)	12/30/1997 11:18:00 PM
From: Don Westermeyer	Respond to of 27307

The use of stock options is to attract and retain first-rate employees Maybe, but mostly it is used as cheap currancy to keep current expenses low, hiding them until later. This makes growth companies appear to have even higher growth. One day even the great MSFT will have to deal with these future expenses. I believe the SEC has finally caught onto this and options will more accuratly accounted for when reporting. This is in contrast with many large-cap profit-making enterprises like IBM and DELL that are actually reducing the number of shares outstanding. I'm not sure why they do this. Often they do it just after splitting the stock. I guess it is a game on how to make the stock certificate (vs the company) more marketable.