eBay Yahoo merger tipped
Published May 25th, 2007
Some major 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 TheStreet.com’s internet TV show, shares tipper Jim Cramer described NetApp as “obviously a really challenged companyâ€.
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.”
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