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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: Paul Winston who wrote (1836)	10/8/1997 12:58:00 PM
From: Boris Maleshev	of 27307

YAHOO! INC. (YHOO) 57 3/8 +1 5/8. Internet search engine and services provider is getting a boost today from distribution deals announced with Compaq Computer and Gateway 2000. In each case, desktop computer users will have direct access to Yahoo! services on their terminals through the incorporation of each company's version of the new Microsoft Internet Explorer 4.0 (IE 4.0). This distribution pact is designed to set Yahoo! apart from all other search engines by co-branding its software with the machines of the PC makers and making it easier for users to access its many on-line resources. The distribution news comes on the same day that this leading search engine concern is due to report its fiscal 3rd results. According to First Call, the company is expected to have earned $0.01 a share, versus a loss of $0.03 a share on revenues of $5.52 million in the year-ago period. In the 2nd qtr, the company posted an operating net of $0.02 a share on revenues of $13.52 million. However, in keeping with the appreciation seen in all other Internet related stocks, this issue is currently trading at 944 times 1997 earnings estimates of $0.06 a share and at a 177 multiple to projected net of $0.32 a share for 1998. Anyway you cut it, investors are paying a lot of dough for a piece of future earnings. Today, EVEREN Securities became aware of this notion and lowered its near-term rating on the stock to an "underperform" from an "outperform," while maintaining its long-term view at an "outperform." These ratings are still very generous given current fundamentals, however.

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