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
Vladimir Putin appeared on live television and radio for his annual question-and answer session with the public.
more »
EUFISERV Payments announced today that the separation of the EUFISERV ATM Scheme from EUFISERV's former processing business is now complete, and is in line with the SEPA requirements of the European Central Bank and the European Commission.
more »
600,000 Mexicans work in the auto and auto parts industries, and U.S. automakers run around a dozen plants.
more »
The President of the European Commission Jose Barroso says some British politicians are considering signing up to the euro
more »
It's official. The U.S. economy is in a recession.
more »
The crisis that started in the US over a year ago has sent shock waves around the globe.
more »
Offering a coordinated response to the EU’s deepening economic crisis, the Commission is proposing €200bn in measures to boost purchasing power and generate growth and jobs.
more »
The two men charged with keeping Britain's economy afloat moved on Monday to ward off a deepening recession.
more »
European citizens are getting older and greyer. By 2050 it is estimated that the average age in the European Union will be 49, up from 39 now.
more »
Addressing U.S citizens, Barack Obama spoke of plans to revive the economy.
more »