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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: Peter Goss who wrote (3938)12/9/1997 12:28:00 AM
From: Bill Harmond  Read Replies (2) of 27307
 
>>Do you have any company specific valuation measures that you find relevant or do you just think valuation is irrelevant because of your earlier "land grab analogy'?

I think the closest parallel is America Online, a stock everyone wishes he had bought and held since late 1994, in spite of the fact it was losing money. America Online's shares increased because of franchise value. As I've said (many times) I think this is what's happening with Yahoo. Today's reach statistics for Yahoo from RelevantKnowledge are simply stunning...more than double AOL's unduplicated reach. The combination of targeting, linking and broad reach are compelling to advertisers. Assuming they are accurate, these reach figures guarantee Yahoo first consideration for every Internet advertising schedule or e-commerce deal. The business is then Yahoo's to lose.
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