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Technology Stocks : Netscape -- Giant Killer or Flash in the Pan?

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To: Billy who wrote (3740)7/7/1998 5:15:00 PM
From: The Vinman  Read Replies (1) of 4903
 
Billy, I haven't heard a thing about CBS/Netscape deal, probably a rumor started on the net somewhere. The ONLY thing YHOO has going for it right now is a stock split announcement. At this point you have to wonder if it is built into the price already, buy the rumor sell the news. If YHOO announces split and the stock soars, I would short it no doubt. YHOO is selling at 107 times price to sales, and with a 10 Billion dollar market cap and less than 100 million in yearly rev's, the downside is immense. these stocks can't trade on hype forever. XCIT and LCOS are still expecting wide losses, it will catch up with them soon.

Good Luck,

Vinman
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