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
Motorola, Inc. today reported sales of $7.5 billion in the third quarter of 2008.
more »
The global financial crisis has already battered many European banks. Now it is hitting the EU auto industry, the world’s largest producer of motor vehicles.
more »
The European Commission has approved, under EC Treaty state aid rules, a German rescue package intended to stabilise financial markets by providing capital and guarantees to eligible financial institutions.
more »
A new report by the European Commission has assessed the competitiveness of the European Union in the global economy at the end of a decade of rapid economic change.
more »
Revenue surpasses $15 billion with healthy sales of enterprise software and Xbox 360 consoles.
more »
Airport charges are one of the hidden costs of flying and usually they are passed on from airlines to passengers.
more »
US and European leaders agree to series of summits on world finance.
more »
On Monday MEPs will debate a recovery plan for cod stocks in the North Sea and West Scotland. With over 70% of the world’s fish species already fully exploited or depleted, fisheries faces a crisis.
more »
A new study released by the European Commission today confirms the trend towards more private pension provision in the EU but highlights the need for inclusive coverage and adequate pension levels.
more »
Thursday, October 16, Brussels. President of the Republic of Lithuania Valdas Adamkus attended the second day session of the European Council meeting.
more »