Altaba Inc. (formerly Yahoo) Message Board

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Technology Stocks : Altaba Inc. (formerly Yahoo)

AABA 19.63

0.0%

Nov 6 4:00 PM EST

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To: Charles Hughes who wrote (756)	6/17/1997 10:11:00 PM
From: Bill Harmond	of 27307

>>Sadly (because I'm in it :-) the Internet/www business story is losing a lot of its punch. It is going into that reality phase where the hustlers abandon ship and the folks who live and die by operating earnings have to take over, where market share fights are crucial and growth, if good, is not so good you can forget about making maney because of some alledged 1000% payoff in the sky. In 1970, I tried to raise money from just about everyone I knew to buy a powerful FM radio station in San Diego. It had been offered for sale for over two years from an estate at $150,000. No takers. FM radio stations everywhere were going begging. In most middle markets FM licenses were free for the asking. The only people who listened to FM were stereophiles, and cars didn't have FM receivers. Few FM stations even showed up in the ratings, and, like Yahoo, they were selling maybe 20% of their available commercial spots. Today that station would sell within a week for at least $20,000,000.

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