The Inquirer-Home

Stocks tank as Ebay-Yahoo merger tipped

E-boo? Yahbay? E-bayoo? Ya-hay!!!
Fri May 25 2007, 11:36
SOME BIG-NAME technology stocks tumbled yesterday with Network Appliance falling over 16 percent on a weak forecast for its next quarter, raising the spectre of a US enterprise ICT spending slowdown. CA fell eight percent while IBM and Sun were also down.

On's internet TV show (warning: video plays automatically), famous/infamous shares tipper Jim Cramer described NetApp as “obviously a really challenged company”.

No stranger to self-confidence, Cramer also came up with a modest proposal -- that Yahoo and Ebay merge.

"[Ebay CEO] Meg Whitman wants to run a larger company,” Cramer said. “They have a lot of cash and could easily absorb [Yahoo]. A merger by Ebay with Yahoo could really work."

However, the great man had harsh words for those who bought into tech recently.

"People should never have gotten on the tech bandwagon," he cried. “This is a valley you cannot ride through." µ


Share this:

blog comments powered by Disqus
Subscribe to INQ newsletters

Sign up for INQbot – a weekly roundup of the best from the INQ

INQ Poll

Dead electronic devices to be banned on US-bound flights

Will the new rules banning uncharged devices be effective?