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To: Dr. Jeff who wrote (18442)1/19/1999 3:15:00 AM
From: Howard Hoffman  Respond to of 27307
 
An important point here: This is not a cash offer. This is (inflated) stock for (inflated) stock. If a major media player were buying XCIT for $6B in cash, that would show its value to that company. Instead we have a trade of paper.

I would not be surprised to see YHOO rally Tuesday, regardless. Will it hold a gain at the close?



To: Dr. Jeff who wrote (18442)1/19/1999 3:26:00 AM
From: Augustus Gloop  Respond to of 27307
 
Dr.,

I think he was referring to Mondays close. The euro markets were open on monday.


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