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

To: Bill Harmond who wrote (2812)	11/14/1997 11:59:00 PM
From: Slaran	Read Replies (2) \| Respond to of 27307

I think I know what YHOO is all about. Overvalued because of individual investors who like to "buy and hold" and spikes up because of scared shorts who are quick to cover whenever there is some manipulation, rumor, whatever. The most desperate buyer is the one who is covering short. With what's happening with the Japan market and the looming IRAQ war issue, i see YHOO opening down on monday, maybe to 45. I feel sorry for longs because the first thing people run to short when the sh*t hits the fan are overvalued high fliers like YHOO. The AOL rumor will fizzle out by Monday. -Slaran

To: Bill Harmond who wrote (2812)	11/15/1997 7:10:00 AM
From: Bill Wexler	Respond to of 27307

<< you're ignoring Yahoo's results in Q3>> Not at all. Yahoo's results for Q3 were terrible considering the price you are paying for its stock. I've been hearing nothing but statements like "hyper growth" about this company. I am curious as to why Yahoo still can't turn a decent profit after a year and a half despite all this talk of new business paradigms. If margins are really as spectacular as reported and management is confident that sales will continue going through the roof then: a) Why the unbelievably stupid acquisition of four11...and further dilution of the stock by 1.5 million shares? With all this hyper-growth, isn't it a little early in the game to foist this garbage on the shareholders? By the way - charges for the acquisition and continuing losses from Four11 will show up next Q. b) Why the unusual IPO of Yahoo Japan? Isn't Yahoo U.S. throwing off enough cash that it can afford to finance its end without going to the weakest equity market in the world at the moment for more suckers? What the hell is Yahoo doing with the cash it has in the bank? In fact, you can currently borrow money in Japan at fire-sale rates. Why wouldn't Yahoo Japan - which I'm sure will be the same cash-generating monster (sarcasm intended) as Yahoo U.S. - go to the banks? I point out the AOL case a specific example to demonstrate that interent advertising is not all its cracked up to be. The results speak for themselves. AOL has the largest online presence and a very captive audience. The current internet stock mania is just another Ponzi scheme in the grand NASDAQ Ponzi scheme. Only a matter of time.