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

To: LLCF who wrote (26286)	1/11/2001 2:12:23 PM
From: sea_biscuit	Read Replies (4) \| Respond to of 27307

I heard Paul Harvey on the radio talking about an interview with a 100 year-old man. The man said that investing in automobile stocks, radio stocks, electric company stocks (all these were the high-flying stocks of the 20's) was indeed profitable... if you bought them at 10 times earnings. Yahoo's earnings are about $0.60 right now. Making room for the declining earnings as well as the fact that the numbers themselves are massaged, they could fall to as low as $0.15 to $0.20 a year. Ten times that will be $1 1/2 to $2. That is the price at which an investment in the stock may be profitable over the long-term (assuming that the company survives).

To: LLCF who wrote (26286)	1/12/2001 7:54:15 AM
From: Earlie	Read Replies (1) \| Respond to of 27307

Dak: Sorry I missed your post. In answer to your question, only if they drive it back up and then only on the put/short side. With web useage growth rates falling off and web advertising becoming a joke, it isn't going to be easy for YHOO to make profits. The market is finally becoming interested in that topic. I also expect web useage growth rates to fall further as the stock market declines. A remarkable percentage of all web use relates to stocks. If the market tanks (and it sure appears to be heading that way), then web useage will fall in tandem. There is also that phenomenon which I know you understand so well,..... PE shrinkage when growth is perceived to be at an end. Best, Earlie