posted on February 7, 2001 01:36:29 PM new
from Frank Barnako’s Internet Daily
YAHOO STOCK HURT BY EISNER COMMENTS
Shares of Yahoo fell 10 percent on Wednesday after Disney Chairman
Michael Eisner said the Net giant is still too overpriced to consider as
an acquisition candidate.
Responding to speculation that the media company was in pursuit of
Yahoo to compete with the newly merged AOL Time Warner, Eisner said at
an analyst briefing in Anaheim, Calif. that Yahoo's beaten down stock
price is still too high.
"Yahoo is a great company," he said. "The problem is it's just
overvalued."
Yahoo shares fell $3.63 to $32.75 in afternoon trading on Wednesday.
Pressure has been mounting against both Yahoo and Disney in the
financial community for the companies to strike a deal that would put
them on a stronger position to compete against AOL Time Warner.
Last week, Disney announced that it would shut down its own Internet
portal, Go.com, cutting 400 jobs in the process. Eisner said the.....
decision to close the operation was one of the most difficult business
decisions he's had to make.
posted on February 7, 2001 02:28:01 PM new
Maybe that's why the Yahooians wanted to commit suicide, to drive the stock low enough to sell out. I posted on this loonnnggg ago. There is a reason why Yahoo! did what they did. In the long run, it is not "quality" they are after, it's a hidden agenda of financial gain. This may be coming to light now. Sell, and get a tax break too for the loss. It's been done before, many times.
posted on February 7, 2001 02:45:15 PM new
I agree, I also p[osted something along those lines. If it don't smell right, it probably ain't.
By the time this one is over, The Federal government will have to appoint a whole new agency to investigate Online conflict of interest. HMMM...I wonder if they will call their agents, Yahoos?
posted on February 7, 2001 06:00:43 PM new
LOL I love you guys. Soooooo witty. I too ventured that there was long range plans afloat when Yafool did this. Gotta get it cheap enough for disney to buy. Then watch the prices go up. A better mouse trap?? I doubt it. On the other hand if they are set to acquire YaFool and will pay to make it No. 1 so they could buy Ebay cheap or at least compete with it by offering free trips to DisneyWorld and Evenings with Mickey etc. Well then, that's another story. Does make for interesting pondering regarding all this unexplainable mess that now exists.
posted on February 7, 2001 10:06:24 PM new
The idea that this is all a set up is somehow more warm and cuddly in itself. It was disheartening to think that people of worth were really all that STUPID.... However, the real questions is... if they did give away tickets to the new disney for being great sellers with huge feed backs on the all new and improved MICKY site.. would we take an "E" ride back... or head out for Cancun and other far off destination in a last ditch effort to seek solid land.
Charlie