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

To: Oeconomicus who wrote (7179)	2/6/1998 10:53:00 PM
From: Oeconomicus	Read Replies (1) \| Respond to of 27307

Perhaps the wine is making me forgetful, but did we know this? Besides the 470,000 shares SoftBank sold to invest in GeoCities and the 356,079 shares that GeoCities has sold or will sell themselves, Softbank sold 350,000 on Dec. 31. Let's see... excluding the potential for non-"insider" employees to sell shares from the option plans, we have almost 2.9 million shares added to the float in the last six weeks or so. 1.52mm from Four11; 470m+350m sold by Softbank; 278m+78m from GeoCities; 168m from last week's 144s. In all $184 million worth at today's close. How much more supply do you cementheads need to see? Bob

To: Oeconomicus who wrote (7179)	2/6/1998 11:03:00 PM
From: Bill Harmond	Read Replies (1) \| Respond to of 27307

Why are you assuming the public stock is in weaker hands? There's more liquidity and less volatility. There are more shares to short, too. I read that Fidelity now has 1 million Yahoo shares. Is that weak hands? All this dreaded Yahoo insider selling over the last year hasn't resulted in a weaker stock. Yahoo was the strongest stock of 1997, and is selling 10% below its high. Cisco insider selling started in the fall of 1990. All time highs. AOL in the fall of 1993. All time highs. Had you bought those shares from the insiders in 1993, you'd be up more than 2,000% in less than five years. At the time AOL's p/e was higher than Yahoo's is now. Microsoft in late 1986 or early 1987. All time highs. Siebel Systems in early 1997. Tom Siebel sold a ton of stock in late April at $17. It's currently $47, and it traded at $51 last week. Tom sold a ton more last November at $40 to buy a ranch in Montana. 3Dfx started this week, and 3Dfx is 10% off its high set last week.