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To: Bill Harmond who wrote (36002)1/22/1999 3:00:00 AM
From: H James Morris  Read Replies (1) | Respond to of 164684
 
William, why do I get the impression that your back. I'm out of E-bay, with a nice profit. You could have kept your fortune. Be careful that you don't give it back.



To: Bill Harmond who wrote (36002)1/23/1999 4:25:00 AM
From: Dwight E. Karlsen  Read Replies (1) | Respond to of 164684
 
William, re YHOO vs. GM mkt cap:

I was confusing YHOO with AOL, which recently passed up GM in market cap. That is still the case as of Jan. 21st, according to Yahoo Finance page:

GM mkt cap: $58.7B
AOL mkt cap: $64.6B

While AOL has a real business, the stock is still ridiculously inflated, which of course will change over time. However, William:

GM stock started the year 1999 at $70/shr, giving it a mkt cap of $45.8B (654.5M shares outstanding). At the peak of the frenzy this same first month of 1999, YHOO's stock price high of $445 gave it a mkt cap very close to that: $43.9B (98.7M shares outstanding).

With YHOO shares increasing the mkt cap several billion dollars on a daily basis early this year, I'd say that YHOO was being granted the same market cap as GM, though the brush with the giant car maker's size was fleeting.

The market has definitely gotten seriously out of synch with reality.