Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Keith J who wrote (5555)	1/2/1998 8:11:00 PM
From: Rational	Read Replies (1) \| Respond to of 27307

KJ: I find the Wash Post number more reasonable and am not questioning your source. If this is correct, Yahoo! must have ruined its finances, like promising $25 mil to Netscape and paying so much to Four11 (i.e., diluting so badly). However, the WSJ (1/2/98) story reads as follows: " Then, Wednesday, Microsoft said it acquired closely held Hotmail, underscoring the software giant's determination to take aggressive measures to build its Internet businesses, even as the government and rivals accuse it of improperly trying to dominate cyberspace. Start-up Hotmail has moved from obscurity to the Internet's leading free e-mail service -- with 9.5 million users -- in less than a year and a half. Although neither company would comment on financial details of the stock transaction, analysts placed its value between $300 million and $400 million -- an eye-popping amount for a company with no profits to date and scant revenue. Hotmail will continue to operate in California as a wholly owned subsidiary of Microsoft. Microsoft will offer Hotmail as part of a collection of free "content" services under the MSN umbrella that include Expedia, its on-line travel service; Investor, an on-line stock tracking and trading site; and CarPoint, its on-line car-shopping site. Previously, e-mail and other "premium" services like Internet access were available only to MSN subscribers who paid a monthly fee." Sankar