It "may be time to buy" shares of the Web companies.
Published:
20 February 1999 y., Saturday
Shares of Internet companies continued to rise in afternoon trading after CIBC Oppenheimer & Company
analyst Henry Blodget said it is time to buy industry bellwethers Amazon.com and Yahoo following recent price declines.
Shares of Amazon.com rose 9.75 to 99.25, while Yahoo rose 8.0625 to 136.9375.
Since hitting records in mid-January, Seattle-based Amazon has declined by about half, while Yahoo has dropped about 40
percent. On Wednesday, Softbank, Japans_s top software distributor and a major shareholder in dozens of Internet ventures,
sold part of its stock in Yahoo to finance new investments. Blodget is telling his clients it "may be time to buy" shares of the companies, CNBC reported. Shares of Amazon surged in
mid-December after Blodget said it could reach $400 per share, prior to its 3-for-1 stock split.
Šaltinis:
Bloomberg News
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Nils Melngailis, the Chairman of Parex banka, and Alex M Furber, American Express Vice President in Central and Eastern Europe, agreed to explore further options for co-operation.
more »
Every one of the Taiwan's 23 million population has been given a voucher worth the equivalent of just over 100 U.S.dollars.
more »
Commission cuts economic growth forecast as scale of financial crisis and ensuing global downturn become apparent.
more »
Wincor Nixdorf AG completed the first quarter of the current fiscal year with 7 percent growth in net sales and an 8 percent increase in operating profit (EBITA).
more »
New homes go up in the UK's eastern county of Norfolk. There is also the unusual take on selling new homes.
more »
Announces approximately 4,000 additional workforce reductions, primarily in the Mobile Devices business. Total cost savings from recent actions now expected to be approximately $1.5 billion in 2009.
more »
MasterCard announces organizational changes.
more »
Economic volatility , rising prices and a general pessimism about what the future holds were all opinions voiced in a recent “Eurobarometer” European survey.
more »
Wincor Nixdorf AG says it exceeded its profit goals for fiscal year 2007/2008, which ended Sept. 30, despite a battered global economy and a slight drop in retail sales.
more »
Across the country Australians are expected to spend over 10 billion U.S. dollars in post-Christmas sales.
more »