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

To: fut_trade who wrote (12359)	7/9/1998 3:23:00 AM
From: Bill Harmond	Respond to of 27307

>>puzzled by Softbank I think Yahoo wants a bigger cash position, and wants to (and believes it has the critical mass to) remain independent from the Disneys and Time Warners. Softbank has been Yahoo's 800-pound gorilla protecting them from a buyout all along. In fact, Softbank has been Yahoo's "major media company" partner since VC days. Softbank wants Yahoo to remain independent (read: keep their investment from being diluted by someone else) and maintain control over Yahoo's brand and creative direction (they're Yahoo's partner overseas), so they put up the money. The stock has gotten so expensive that equity swaps for critical acquisitions must be getting trickier (more dilutive), so it's good to have a pile of ready cash handy. They're competing with the Magic Kingdom now. Win/win.

To: fut_trade who wrote (12359)	7/9/1998 3:29:00 AM
From: Stanisav Richter	Respond to of 27307

Softbank didn't buy on the market. Yahoo made a private placement to Softbank for its new stake. The private placement is dilutive to share value. I read that while YHOO traded up to 202 after hours, it went back down to the 190's. That would mean that all the good news did was bring it back to intraday highs of Wed. Again I say that if the $200 psychological barrier holds the next floor will be around 175 and then around 150. There are a lot of investors who may be well satisfied to lock in gains well off these current levels. You can't fight the tape and I give all credit top those nervy investors who have made this tremendous upswing, but fun is fun; this is money. Anybody have a more recent pre-open quote?