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

To: ratan lal who wrote (12547)	7/9/1998 10:36:00 PM
From: Michael Collings	Read Replies (2) \| Respond to of 27307

No one has mentioned the news item that came out after 3:30pm and may explain the big drop in Yahoo going into the close. There is speculation still that Yahoo will buy Source Media. Source Media has over $100 million in debt and a few are speculating that their patents are worth $1 billion. Several analysts believe it might explain why Yahoo has raised the cash from the private placement. Source Media has 12 million shares outstanding and losses of $3.23 per share. This was all in the news item so if there is any truth to this, it would be hugely dilutive in the short run. However, I would think in the long term it will be very advantageous. If the stock continues down, there is probably some truth to the rumors. Could be that the semi annual "one time charges" could hit tri annual this year.