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


To: Glenn D. Rudolph who wrote (20496)3/22/1999 4:46:00 PM
From: Stephen  Read Replies (1) | Respond to of 27307
 
Glenn, looks like it was triggered by general sell-off at end of day. Similar action in many of the other internut stocks that were running hard during the day (NSOL, DCLK, ATHM etc).

Regards

Stephen



To: Glenn D. Rudolph who wrote (20496)3/22/1999 4:48:00 PM
From: Dave Mansfield  Respond to of 27307
 
Does anyone have a clue regarding the sharp drop of YHOO at the end of the market?

This is what the Yahoo investor trades on. Volatility. I think it's overvalued, but I don't have the feeling that today has to do with the inevitable bursting of the bubble. But I could be wrong.



To: Glenn D. Rudolph who wrote (20496)3/22/1999 6:59:00 PM
From: Norman Fogelsong  Read Replies (1) | Respond to of 27307
 
Glenn,
Just before 4:30, the Bloomberg newswire reported there are continuing rumors about the potential acquisition of broadcast.com. by Yahoo. Wall Street frequently buys the stock of the target company and shorts the stock of the purchaser in these situations. This arbitrage action usually increases if the street thinks that the acquisition will be dilutive to the earnings of the acquiring company. Last time I checked, BCST was still losing money, and thus an acquisition would likely be dilutive to YHOO's earnings. Tomorrow should be a very interesting day for this stock.



To: Glenn D. Rudolph who wrote (20496)3/22/1999 10:57:00 PM
From: Bill Harmond  Read Replies (1) | Respond to of 27307
 
The dilutive element has some merit, but I don't think much. I think the market believed it could still get Yahoo at a discount by buying Broadcast...so why buy Yahoo?