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

To: fut_trade who wrote (2811)	11/15/1997 5:12:00 AM
From: Bill Wexler	Respond to of 27307

Thank you for posting that Peter. As we can see, in the last year and a half of this "explosive" growth, Yahoo has had exactly $58 million in sales...TOTAL. Let's not forget that a big chunk of those sales came from it's biggest shareholder - Softbank. Total operating earnings in that period = $200,000 Net losses - over $20 million (including write offs). ******For this you get to pay $2.4 BILLION******* Like I said before...it is a lot easier to grow sales from $1 million to $2 million than from $100 million to $200 million. Yahoo is a web site/search engine that sells banner ads. It is not an internet "portal"...it is not an internet "community"...it is not a new media paradigm. This is nothing but hype. Here's an interesting comparison... I just got back tonight from a meeting with some finance people at Autodesk. Autodesk is the fifth largest software company in the world. It holds a virtual monopoly in the PC CAD market. It has thousands of employees worldwide. It has over $250 million in the bank. It has over $600 million in annual revenues. The company is very profitable (though last year there were write offs associated with an acquisition) and unlike many NASDAQ high-flyers - they actually pay a dividend. As of the close of trading Friday...you could buy this 15 year old company with an excellent track record for $700 million LESS than Yahoo. This argument over Yahoo's stock price is getting silly....it reminds me of the argument over Zitel when it was topping out - and the momentum investors were predicting it still had room to double or triple. I am not saying that Yahoo is a scam like Zitel...but many of the same dirty tricks have been used to lure mom&pop investors in at unsustainable prices. Yahoo's stock price WILL decline dramatically. It is not even a matter of if but only when.