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

To: Hayley who wrote (20115)	2/17/1999 3:00:00 PM
From: Z268	Read Replies (1) \| Respond to of 27307

Yesterday Softbank (Masayoshi Son's company) sold 3M shares of YHOO for a profit of 390M. They still have 27.5M shares left. The sale may be partly motivated by the fact that the parent Japanese company is facing tough times (they lost 130M this current year). On Dec 31 they filed notice, which means (I think) they are able, if they want to, to sell all the 29.5M shares which they have at the time. Bottom line is, there may be a huge stock overhang with YHOO for the next little while, thus depressing the stock price. If you are a long term investor, this has to be one of your core Internet holdings.