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To: tonyt who wrote (17833)1/12/1999 8:55:00 PM
From: Kevin Keating  Respond to of 27307
 
I don't know the number of authorized shares so its hard to say whether this is good or bad. The company may only be authorized to issue enough shares to allow for a 2-1 split. They will have to wait until the next annual meeting to ask all shareholders to vote to raise the authorized limit. I'm sure YHOO never expected their shares to rise to $400 per share.



To: tonyt who wrote (17833)1/13/1999 1:02:00 AM
From: bam  Read Replies (2) | Respond to of 27307
 
(In response to the complaint that it should have been a 5-1 or 4-1 split to achieve 60-70/share pricing)

Actually, a 2-1 split was a MORE responsible thing for them to do.
They ARE aiming at a price of 60-70/share post-split. Listen to
what the executives of these companies are telling you: "you have
over-priced our stock and we don't want to participate in the hype."

Look closely at the insider trading on these stocks. When the
executives are unlocked, many of them sell in large volume. I've
never seen insider unloading this heavy on positive situations.

Listen.