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Technology Stocks : Broadcast.com (Acquired by Yahoo) -- Ignore unavailable to you. Want to Upgrade?


To: Pruguy who wrote (857)3/20/1999 1:03:00 PM
From: B. A. Marlow  Read Replies (2) | Respond to of 1260
 
Go read it again, Pru.

BCST didn't originate this, although it might have acknowledged a reporter's persistent questions.

YHOO *needs* BCST.

No deal will go down for as little as $3B. That's just the current market cap. Think $5B+, especially in a stock swap.

BCST slightly soft in a news vacuum and wake of the CMGI-TV and NBC/Cyclone announcements. Most on the Street still don't get it. Market vast beyond one's wildest imagination.

BAM



To: Pruguy who wrote (857)3/20/1999 2:00:00 PM
From: neverenough  Read Replies (1) | Respond to of 1260
 
Pru, Even though I would take most BW articles with a grain of salt, this rumor has been circulating for a while and makes sense for Yahoo. Even though I would rather see BCST do it on their own, change is inevitable.

Nobody knows for sure that BCST will be taken out, but I'd say the odds are good. Hope you didn't sell last week, Monday should be interesting to say the least.



To: Pruguy who wrote (857)3/20/1999 3:35:00 PM
From: neverenough  Respond to of 1260
 
I hope it isn't accurate that they are selling at the current market price

Taken from BW article,

businessweek.com

Shares of Broadcast.com have soared in the last four months, giving the three-year-old company a current market valuation of nearly $3 billion. But Yahoo! -- valued at a mindboggling $35 billion -- certainly has the stock to do the deal, even at a hefty premium.

I would consider a hefty premium to be 5B+...