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

To: Webfoot who wrote (15375)	11/21/1998 2:32:00 AM
From: Original Mad Dog	Respond to of 27307

Webfoot, I've made the comment a few times on the YHOO board that because of the way YHOO trades, its usefulness as acquisition currency at the moment is not as great as it may seem. I know if I was selling my company to them for stock, I'd wonder whether the share I'm getting would be worth 200, 250, or 125 by the time I get to sell it. With that uncertainty, I'd discount the stock quite a bit in comparison to the current cash equivalent. I posted something on the other board which is worth repeating here re the wisdom of a split. Unfortunately my AOL browser is not letting me copy text from one place to another so I'll have to give you the YHOO thread number: message 38640 (Happy Girl, if you're still up maybe you would be so kind as to repost it here; I think it's relevant to the discussion. Thanks.) As for AMZN, love the service, hate the stock. Yes, Bezos is playing to the Street by marketing the hell out of his service (and expanding into everything under the sun while he's at it). And investors, or at least speculators, are responding warmly. But his main business seems destined to be low margin even when the marketing costs abate, if they ever do, and the further afield he gets from the main business the harder it will be to successfully execute the business plan (the buzzwords "core competencies" come to mind). But I guess you have to admire this year's run-up, at least. MAD DOG