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: Frank Z who wrote (8363)	3/12/1998 2:42:00 PM
From: the Druid	Read Replies (2) of 27307

When questioned about the valuation, he said "Well, a bunch of nuts are bidding up the price like crazy with the high hope that internet leaders will continue to grow at rapid rates and in a couple of years deliver fantastic earnings. We are one of the internet leaders and we intend to stay in that position. However, current valuation is beyond our wildest dreams. What can we do about it? It's the market. Of course this created a lot of share holder values in the short term. But it is unreasonable to demand that we can deliver the earnings in the near future to keep the valuation this high. We hope the boom-bust cycle of investor psychology will not hurt the public image of our company and the stock." No, he would never say that. I made it up :-).

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