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


To: Impristine who wrote (19802)2/9/1999 12:15:00 AM
From: Copeland  Read Replies (2) | Respond to of 27307
 
Whoa, where did this second split come from? The only thing that makes sense to me would be that Yahoo and the Yahoo equity traded on the Nikkei are the same company, but different stocks.

From cnnfn.com

February 8, 1999: 8:30 p.m. ET

Worries nibble at Bourses - Feb. 8, 1999
Tokyo beats losing streak - Feb. 8, 1999

TOKYO (Reuters) - Japanese stocks slipped in early trade Tuesday, reversing some of the previous day's gains.
The Nikkei 225 index of leading shares in Tokyo shed 29.7 points, or 0.21 percent, to 13,962.79 shortly after the open.

Among heavily-traded issues, Nomura Securities dropped 5, or 0.52 percent, to 950 after reports indicated the securities giant will centralize its control of U.S. and European operations, including bond and equity trading, investment banking and risk management. The move is a break from the company's policy of allowing overseas staff more autonomy.

Yahoo! (YHOO) also was active on the Japanese market, gaining almost 5 percent after the company announced Monday it plans a two-for-one stock split to be executed on May 20.