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On Mon, 11 Feb 2008 12:48:23 -0800,
Jim Richardson <warlock@xxxxxxxxxx> wrote:
>
> On Sun, 10 Feb 2008 23:02:24 -0500,
> Erik Funkenbusch <erik@xxxxxxxxxxxxxxxxxxxxxx> wrote:
>> On Sun, 10 Feb 2008 20:12:20 -0500, Jerry McBride wrote:
>>
>>> You missed the best part:
>>>
>>> "It may be a coincidence that the amount of market cap that has vanished is
>>> almost exactly the same as the bid amount (the two numbers converge as
>>> stockholders flee Microsoft). But coincidence or not, Microsoft has shrunk
>>> by a Yahoo in the last eight days."
>>
>> Seems more to me that Microsoft investors sold their stock to buy Yahoo
>> stock, expecting it to be converted back to Microsoft stock at a profit.
>
> That would imply that Yahoo's market cap should have grown by $40
> billion also. Did it?
>
>
Hmm, Yahoo financial :) reports Yahoo's market cap at about $41Billion.
So, if, as you say, MSFT lost some $40Billion since the announcement of
MSFT offer to buy Yahoo, due to MSFT investors wanting to sell MSFT
stock to buy YHOO stock, does that mean that prior to the announcement,
Yahoo had only $1 billion market cap?
Or is your reasoning way off base at best?
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--
Jim Richardson http://www.eskimo.com/~warlock
Don't get mad, get Linux
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