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To: The Ox who wrote (9178)	4/19/1998 1:12:00 PM
From: H. Wai	of 64865

Addi and Michael, Concerning Yahoo, I think most of their revenues come from advertisement and search engines. The perception is that their revenues coming from advertisement will explore as more and more people use the internet. Do you think Yahoo will see any substantial pressure from existing companies offering search engines? Do you think it is hard to start a search engine business? Also, do you think other companies like large Internet Service Providers like IBM, AOL and Microsoft Network will take away much of the advertisement revenue from them, hence Yahoo cannot sustain huge revenue growth just from advertisement? Also from the Yahoo thread, it seems that some 60% of Yahoo's revenue comes from advertisement related to sex. Such revenue growth seems cannot be sustainable. Best regards, H.Wai

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