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

To: Karl Knoernschild who wrote (3599)	12/4/1997 5:32:00 PM
From: Bill Harmond	Read Replies (3) \| Respond to of 27307

Except for a handful of days due to extreme broad-market volatility, Yahoo has been essentially in a trading range of 45-55 since September. This while most of the broad tech indices have had 30% corrections. It's pretty hard to say that a stock that is 10% off it's record high after this correction has "gone down more than it has gone up", particularly since it's up several hundred percent for the year. I think your label of "pig" for Yahoo, and your speculating on the unknowable are strong indications of your subjectivity. I'm not saying that Yahoo couldn't break 50 again, and I hope it does, but this is one of the strongest stocks there is.

To: Karl Knoernschild who wrote (3599)	12/4/1997 6:30:00 PM
From: Bill Wexler	Read Replies (1) \| Respond to of 27307

Yahoo is NOT a PIG!!!! Just because Yahoo... - Had gross revenues of $17 million last quarter. - Had operating earnings of $200,000 - Has no proprietary technology. - Is in a business with nearly zero barriers to entry and numerous competitiors. - Trades at a market cap which is nearly 6x higher than its closest competitor - despite the fact its closest competitor has similar quarterly revenue figures. - Has a market cap higher than many company with billions in annual sales and tens of millions in profits...despite the fact that the company is only 2 years old. - Has diluted its shares by paying $90 million in stock for a money-losing, unpopular web site. - Has had flat revenue growth over the past 2 months. - Will post another net loss after charges next quarter. ....why on Earth would you think this undervalued gem is a "pig"??? I'm buying more because the stock keeps going up. All smart investors know that momentum stocks go up forever. I know that other high-flyers have eventually crashed back to Earth...but its different with Yahoo. I find it completely plausible that a web site-search engine selling banner ads has discovered a business model which generates free money. Look out Microsoft!!!! Remember, don't invest by looking into the rear view mirror,,,,