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


To: memflyken2 who wrote (21451)4/17/1999 1:32:00 PM
From: Pruguy  Read Replies (1) | Respond to of 27307
 
the 13% float isn't accurate.....I think the analysis came to a wrong conclusion



To: memflyken2 who wrote (21451)4/17/1999 6:22:00 PM
From: Dave Mansfield  Read Replies (1) | Respond to of 27307
 
And one more: whose shares, exactly, get used to "buy" Geocities and broadcast.com.?

I'm pretty sure you know the answer to this question memflyken, but will elucidate anyway. They will be nobody's shares. New shares will be created which will dilute all current shareholders holdings in Yahoo. And will also add to the available float, providing more supply of the stock.

I agree with most of the other points in your post, but even being the bear that I am, I do not lay the success of the stock entirely on the supply and demand issue. It is at least in part due to the phenomenal growth Yahoo has been able to maintain in both revenues and earnings. Once that growth slows or falters, as I believe we both know will happen, the stage will be set for a huge fall off. Just don't know when.

Question about the Softbank holdings. Did they not already unload at least a part of their position? Possibly after the statistics used in the annual report came out? Does Softbank still have 30% as of now? Just wondering.



To: memflyken2 who wrote (21451)4/17/1999 8:39:00 PM
From: Jan Crawley  Respond to of 27307
 
That's right, Howard. A 13% float... Peanuts.

Yhoo, shares outstanding: 200 Million
Float, 80 Million shares
Insider ownership: approx. 31%
Soft bank owns: appros. 29%

biz.yahoo.com

Equity: Common Stk. $.000165 Par, 2/99, 225M auth., 200,510,944 issd. Insiders own 31%. SOFTBANK Holdings owns 29%. IPO 4/96, 2,990,000 shs. @ $13 by Goldman, Sachs & Co. (As of 12/98) The Company reports no ST or LT debt. 2/99, 8/98, 2-for-1 stock splits; 9/97, 3-for-2 stock split. *FY'97-'98 Summ. Q's reflect restatements.