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

To: Michael Anthony who wrote (20881)	4/6/1999 11:18:00 PM
From: Stockjet	Read Replies (1) \| Respond to of 27307

Michael Anthony: Thanks. Your analysis is welcome reinforcement to my decision to hold April calls through earnings. Unless, of course, we get a get an irresistible gain tomorrow which would compel me to take profits.

To: Michael Anthony who wrote (20881)	4/6/1999 11:43:00 PM
From: Rick_Barry	Read Replies (1) \| Respond to of 27307

It's a stock swap at an exchange ratio of .77. If yhoo trades < 200, bcst also trades less than current price. Empirical studies show target firm has a higher abnormal return than acquiring firm during the merger announcement. W/o the news of merger, Yhoo inclination to rise before earnings is very typical. Of course, it's a good strategic decision to do several acquisitions. Why did they do it right before earnings, this is a very good question. My theory is earnings might not beat expectation. Sometimes the street's expectation is so high. In this case, 8 cents is not a high expectation (although it's higher than 2 cents). My opinion from mademoiselle point of view which must be different than sir. A note from my former professor: 60 to 80% of the M&A failed to meet expectation. Men ego is higher than women in business. (btw, there are only few female CEOs) Kacey,

To: Michael Anthony who wrote (20881)	4/7/1999 12:18:00 AM
From: memflyken2	Read Replies (1) \| Respond to of 27307

Much as my bearish self hates to admit it, Michael, there is great logic in what you say. Only caveat I would offer is that it seems like quite a poker play for Koogle and company if they thought all this out in advance. They couldn't anticipate, for example, that the market's response to the Kosovo situation would be so nonchalant. If the past was any indication (e.g. Russian mess last summer), the market could have tanked 500 points, taking YHOO down under 150 with it... Perhaps Koogle did indeed roll the dice, though; I believe he has to know how completely f***d YHOO is if it continues to depend primarily on banner ads for revenue, so he and his cohorts are desperately trying to acquire other companies that have other kinds of revenue streams. BCST is a perfect example. I think YHOO absolutely HAS to make these kinds of acquisitions in order to make some kind of stab at justifying +$40 billion in market cap... Much as some of the sore winners on this board may think otherwise, I have never thought ill of YHOO's management. Actually, I think there doing a brilliant job of trying to make the proverbial silk purse out of a sow's ear. Time will tell if they can pull it off...