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: larry who wrote (16685)	1/2/1999 3:24:00 AM
From: HG	Read Replies (4) of 27307

<<<I think that a majority of shareholders are nervous about the sky high valuation of lots of these internet issues. Those who believe that internet revolution demands unlimited valuation is either naive, or just cheating themselves.>>> I agree. Yes, most are nervous - because this is uncharted territory. How high is too high ? How high is sky high ? But I think most understand that traditional valuations do not hold. The lack of a validating model is the reason for nervousness, not the valuation itself. No one feels that internet demands unlimited valuation. We just do not know where the limits are. The cynics have dug in a position @ $35, most investors (speculators ?) are grappling with the unknown...and will keep doing that till a new internet enabled world emerges. Its just a difference in perspective - where does the cheating come in ? Try to visualise what would have happened if Wright brothers had IPOed back in 1900s. In retrospect - how much would you have paid ?

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