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

To: Doug Fowler who wrote (25759)	9/4/2000 4:51:34 AM
From: sunny	Read Replies (1) \| Respond to of 27307

Doug one can argue about stock valuations in general as you do. look at some other companies like sunw, csco and orcl that trade at PE's north of 60 to 70 and grow at some mere 20%. They have always been "expensive" since they are market leaders. That's what Yhoo also is supposed to be. Yhoo growing at 100%+ and trading at a PE of maybe 500 doesn't look too overvalued in this context. The game is all about leveraging your market position. And i guess that's what Yhoo will perfectly do and already does. Maybe CPM will decline. Maybe they won't (deu to the market shakeout the ad space did and will decline so the bid/offer ratio rather will rise than decline). Compared to other media the internet CPM is already a lot cheaper (and don't talk about effectivity of banner ads - I don't look at print ads and TV ads at all). I think Yhoo may be testing the 100s again. Maybe the 90s. But 90 will be the absolute bottom. Then it will rise again and suddenly every analyst will be praising their market position in the fastest growing worldwide market. Just wait and see. In the mid run these prices of <110 will be considered cheap. Very cheap indeed. Regards sunny Disclaimer: I don't have any position in yahoo nor ever had.

To: Doug Fowler who wrote (25759)	9/5/2000 8:03:45 PM
From: john defreitas	Respond to of 27307

doug, looks like after today you will have to wait a bit longer to see YHOO at $25, which i doubt you'll see. Actually as one who is both long and short YHOO, i was quite impressed at today's action. if and when its hits $100, which is possible it will be interesting to see the action. that was the turn in April, triggered a lot of sell order and turned out to be the bottom. i don't quite know where it will end on the downside and therefore i have played it both ways,but long term i am confident this stock is headed up. short term you are correct on the advertising issue, but in the end advertising will survive and thrive on the internet. many of the same issues were the same addressed to radio, print media, and TV as new mediums evolved. in the end there has been enough to go around and keep everyone happy. there isn't the possibility in today's market to put together what YHOO has both domestic and internationally. deals will be make and YHOO will be part of them, whether in wireless which is bound to happen or in media as the AOL/TWX deal. until then we sit back and wait. i am short time concerned, but long term i feel we will be fine and it will head up.