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

To: Mark Myword who wrote (16047)	12/12/1998 3:44:00 PM
From: The_Guru_00	Respond to of 27307

Perky, see their 10-q filings and look at my posts 15768 and 16018 for a summary of the information. The key point is that one third of the growth in the third quarter was a result of Softbank. Softbank used the money it sucked out of ZD to prop up Yahoo directly by buying stock at about $91 a share (which management made a big deal out of even though they did not need the money) and through etrade which Softbank pumped $400 million into so they could advertise the hell out of their service, including a big contract with Yahoo. At the same time that all of this was happening, management was pumping its stock because their margins would be much higher that expectations (remember that?). Would etrade have entered into the contract with Yahoo if it were not for Softbank? - no because they would not have had the money Would Yahoo have beat expectations, both revenue and earnings, were it not for etrade/Softbank? - no Would Softbank have been able to make these investments were they not have been able to suck $2 billion out of Yahoo at the expense of the new ZD IPO shareholders, junk bond holders, and banks? - no Would we all be better off if this crooked Japanese company (and man - Masayoshi Son) stopped screwing around with the U.S. capital markets? yes, yes, yes Are you listening, SEC?

To: Mark Myword who wrote (16047)	12/14/1998 11:19:00 AM
From: Smart Investor	Read Replies (1) \| Respond to of 27307

Hi Perky, I think The Guru gave a very good answer to your question. The credit of uncovering this questionable practice between YHOO and Softbank should go to The Guru. We just hope that some authorities will look into this. In order to assure the health of the stock market, this kind of practice has to be stopped. This reminds me of some business dealings in Asia (no surprise here, I guess) which are partially responsible for the financial crisis of some Asian countries, and we can not have this happening in the United States.