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: Dexter Enders who wrote (223)	1/15/1997 11:42:00 AM
From: Boplicity	of 27307

YAHOO! (YHOO) 23 3/4 +2 3/4. Influential brokerage firm Hambrecht & Quist upgraded shares of Internet navigational services firm to "strong buy" from "buy", saying that "company is becoming increasingly well positioned to not only dominate the search services space but to emerge as one of the few Internet companies poised to take full advantage of the burgeoning growth of the World Wide Web." In addition to upgrade, analyst Paul Noglows raised his FY97 earnings estimate to a profit of $0.04 a share from a previous loss estimate of $0.14 a share. Noglows now sees FY98 earnings of $0.38 a share, an increase of 6 cents a share from his previous forecast. The analyst also upped his view on FY97 revenues by 35% to $46 million. Bullish comments follow YHOO's release of 4Q net of $96,000, or $0.00 a share versus year-ago's $92,000. And, despite a 20% decline in revenues from the year-ago period to $8.55 million, Wall Street and company are impressed by numbers that are being interpreted as strong on a sequential basis. According to company, its advertiser base increased to 550 advertisers in the 4th qtr from 340 in the previous quarter.

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