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Technology Stocks : Altaba Inc. (formerly Yahoo)
AABA 19.630.0%Nov 6 4:00 PM EST

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To: Bill Harmond who wrote (9115)4/5/1998 10:39:00 PM
From: Oeconomicus   of 27307
 
Yahoo was being priced to capacity

Bill, are you saying that the market is pricing YHOO based on the assumption that they will, in our lifetimes, sell out their pages (or even come close)? Yet they are currently only selling less than 20%? Don't you think it's a little ridiculous to pay for 80 million page views when less than 16 million of them have ads? Sure, they could try to put ads on every page, but do you really think rates wouldn't fall through the floor?

We could put the same Schwab ad on a billboard on every mile of I-95 from NY to South Florida and the same people would see it hundreds of times a day, but would each viewing of it be worth the same as the first one or two viewings? Possible? Yes. Worth spending money on? No.

Buy and hope, Bill.
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