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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: Bill Harmond who wrote (4358)12/13/1997 6:40:00 PM
From: Bill Wexler  Read Replies (1) of 27307
 
Read that carefully....

...reasonable prices for good track records.

Every one of these companies (SEBL, YAHOO, etc.) have not been around long enough to have what I would call a track record. They are still speculative.

When Microsoft went public, it already had a nearly decade long track record of spectacular earnings growth and had established itself with the dominant PC operating system.

Yahoo was a business plan 2 years ago. Next thing you know, it costs $3 billion to buy the company and analysts are projecting it to be the next global media empire....even though all it has succeeded in doing up to this point is selling advertising on its web site and making interest on the IPO money.
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