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Technology Stocks : Altaba Inc. (formerly Yahoo) -- Ignore unavailable to you. Want to Upgrade?

To: Lucinos who wrote (23583)	8/7/1999 3:48:00 PM
From: vip	Respond to of 27307

Recently, they brought an IPO called Network Plus and on its first day of trading, it went to $30 and never saw that figure again. Few days ago, it touched $12 and now it is trading in the range of 14-16!!! They also put out a buy rating on that stock when it was in 20's. I guess they must have bought YHOO stock when it hit 110 and now they want to sell it to small investors and make money for themselves!!

To: Lucinos who wrote (23583)	8/7/1999 7:04:00 PM
From: Jeff Dryer	Read Replies (3) \| Respond to of 27307

Goldman Sachs is the best but they are not above hyping and in some cases praying for miracles to happen. I listened to a phone conference call last night hosted by their Internet analyst Michael Parekh REPLAY: 212-902-4644 code 881 (US)/ 171-774-6330 code 881 (Int'l) Most of the conference call centers around the AOL/Microsoft instant message controversy. Very little mention was made of Yahoo and why they decided to put it on their recommended list. About the only reason given is that Yahoo is down about 50% from its high and they are being "opportunistic." To me, that's not a very good reason. A much better reason would have been that they see evidence that the advertising model is kicking into high gear, or is doing better than expected, or something about revenues and profits... but no mention of fundamentals given (with regards to Yahoo) except for the statement that "Size Matters". Michael Parekh did discuss revenue and profit possibilities for AOL... he talked about their models and different hypothetical situations. The truth of the matter is the advertising model has been very weak... much weaker than the Wall Street pundits were predicting a couple years ago and a year ago. But Goldman Sachs and other firms aren't going to talk about it because that would not be good for their investment interests in lots of different Internet companies including Wit Capital, theStreet.com, iVillage, Yahoo, E*Trade, and many others. Goldman Sachs doesn't necessarily have the Internet figured out (nobody does) and Goldman Sachs will be wrong about some things. Goldman Sachs does need to keep the Internet sector afloat to maintain their own stock price. If the Internet sector crashes (and it hasn't yet) then Goldman Sachs bottom line will be affected... lower M&A activity, fewer IPOs, Goldman Sachs investments in Internet companies will be wiped out, and clients who purchased Internet stocks recommended by GS will be unhappy. Late in the Q&A session, someone asked about Go2Net and Michael Parekh from Goldman Sachs must have been thinking about Goto.com because he started talking about the "search company" and pay for placement. If anyone makes it to the end of the conference call and can verify this mix up, I'd really appreciate it. To me, the question was very clear, "What do you think about Go2Net?"