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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?


To: profit_guy who wrote (23592)1/29/1999 9:32:00 PM
From: Teri Garner  Read Replies (2) | Respond to of 120523
 
>>>TGLO<<< Teri - wicked call!

Every since YHOO made the bid for GCTY, I've been eyeing this one. TGLO has more users than Xoom. When most of the nets gapped down this morning, TGLO flew to 75 before settling down. Despite the recent run-up, TGLO's current market cap is only $680 mil, YHOO paid $4.6 billion for GCTY. I have a hunch TGLO will continue to soar next week.

(The article belows says that YHOO wasn't the only one interested in GCTY)

From CBS MarketWatch:

>>An indication from Yahoo! officials in a conference call on Thursday that they were not the only party interested in GeoCities lent strong support to Theglobe.com he said. Theglobe.com rose 6 1/8 to 66 1/16, giving back some gains.

"The inference was pretty clear: If there's a frustrated suitor who couldn't get GeoCities, the logical choice might be Theglobe," Leigh added.<<

cbs.marketwatch.com