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


To: Jing Qian who wrote (20551)3/24/1999 8:00:00 AM
From: Glenn D. Rudolph  Respond to of 27307
 
Core <CORJ.J> shares surge on Yahoo Inc. deal
JOHANNESBURG, March 24 (Reuters) - Shares in South African
information technology firm Core Holdings Ltd soared almost 38
percent on Wednesday as the market applauded an exclusive deal
with Internet search agent Yahoo Inc <YHOO.O>.
Core stock had risen 30 cents to 110 cents by 1027 GMT with
more than two million shares having changed hands during the
session.
Core Holdings announced on Tuesday that its wholly-owned
subsidiary, Internet Strategies Ltd had clinched an exclusive
agreement to represent U.S-based Yahoo in sub-Saharan Africa,
including South Africa.
Yahoo is one of the most popular sites on the web and
already attracts more than 3.5 million South African page
impressions a month.
"The deal has the potential to make them a lot of money," a
trader said.