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To: Eric Wells who wrote (79906)10/6/1999 9:58:00 PM
From: Eric Wells  Read Replies (1) | Respond to of 164687
 
By the way, I thought I would point out, that of the $34.579 million that Yahoo made in net income during the past 12 months, approx. $20.5 million came from investment income - the remaining $14 million coming from operations.

Making $20 million in investment income when you have nearly $800 million in cash is not all that difficult (if anything, it looks like a pretty poor return). However, much of Yahoo's current $45 billion market valuation is driven by the business behind the $14 million from operations. Am I missing something here - or does $45 billion seem a little high?

Would appreciate comments from any YHOO bulls on the thread.

Thanks,
-Eric



To: Eric Wells who wrote (79906)10/10/1999 7:46:00 PM
From: GST  Respond to of 164687
 
Oops. I posted the same on the same article as Glenn -- internet reporting includes too many questionable write downs.