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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: Alberto B. Plata who wrote (11268)6/22/1998 12:21:00 AM
From: Bill Harmond  Read Replies (1) of 27307
 
>>kind of out of whack

Yahoo's supposedly been "kind of out of whack" for the last 120 points. Now the most knowledgable companies in media are looking to get into the land grab.

Yahoo's price doesn't have anything to do with an overpriced market. Yahoo's stock price is a barometer of the value of its franchise as the leading global e-commerce platform. It's that simple.

In January, 1993, you could have bought AOL for under 1 5/8. It barely turns a profit today, yet is sells for 96. It's the franchise AOL has as a (growing) platform for (future) e-commerce that drives that valuation. Same for Yahoo.
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