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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: Charles Hughes who wrote (758)6/17/1997 11:19:00 PM
From: Bill Harmond   of 27307
 
>>I'm trying to think of a big success story that ran for 3 years with no earnings in this business, without massive new investment from without.

America Online

"with a totally clonable idea, easy to produce software, no lock on market, no patents or copyrights of meaning, and no operating earnings"

and its stock increased 30x before showing operating earnings under the most liberal accounting practices. Franchises that reach critical mass can do that.
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