Was AlphaOne Capital Right to Bet on Cisco Systems, Inc. (CSCO), Facebook Inc (FB) & Two Other Tech Stocks?

In Yahoo! Inc. (NASDAQ:YHOO), the fund closed its position during the third quarter amid a 14.7% gain registered by the stock. At the end of June, AlphaOne amassed 252,200 shares, up by 62% on the quarter. At the end of June, 81 funds followed by our team held shares of Yahoo! Inc. (NASDAQ:YHOO), down by 16 compared to the end of March. The largest stake in Yahoo! Inc. (NASDAQ:YHOO) was held by Canyon Capital Advisors, which reported holding $697.6 million worth of stock as of the end of June. It was followed by Owl Creek Asset Management with a $569.2 million position. Other investors bullish on the company included Starboard Value LP, Iridian Asset Management, and Hudson Bay Capital Management.

In Micron Technology, Inc. (NASDAQ:MU), AlphaOne also had initiated a stake during the second quarter and further increased it by 75% in the following three months, disclosing a stake of $10.87 million containing 611,500 shares as of the end of September. Meanwhile, the stock advanced by 29.2% during the third quarter. The number of funds from our database bullish on Micron Technology, Inc. (NASDAQ:MU) went up to 67 from 51 during the second quarter. The top shareholder among these funds was  Arrowstreet Capital, which reported holding $107.7 million worth of stock. It was followed by Stelliam Investment Management with a $93.5 million position. Other investors bullish on the company included Orbis Investment Management, D E Shaw, and Columbus Circle Investors.

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