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

To: Bill Harmond who wrote (3735)	12/5/1997 11:36:00 PM
From: Bill Wexler	Read Replies (1) \| Respond to of 27307

<<Has it occured to you that the undisputed leader in global internet commerce>> You've got to be kidding....right? Are you claming that yahoo is the "undisputed leader in global internet commerece" (reminiscent of the Avant "indisputable leader" crap)? I might buy that line in reference to Dell - but certainly not Yahoo. BTW, thanks for giving more examples of story stocks which flew high then crashed and burned. It's not different this time...the story has just changed. Trust me William, you have not stumbled upon the end all be all of business ideas, you have simply lucked into a speculative bubble/momentum fad. It will end badly...it always does.

To: Bill Harmond who wrote (3735)	12/6/1997 12:42:00 AM
From: Bill Wexler	Read Replies (1) \| Respond to of 27307

Here's a fun comparison... I posted a note on Roger's short thread comparing biotech hyper-grower Amgen with internet fantasy-growers AOL and Yahoo. I know you'll probably say, "Waht does Amgen have to do with Yahoo?" but just humor me for a minute. Amgen has a proven track record of growth which is just phenomenal. Even though last quarter was slow, Amgen has been consistently profitable returning huge net margins, cash flows and double digit annual growth...i.e. a "hyper-growth" stock. It struck me as odd that as of close of trading today, you could pay the same for Amgen as AOL and Yahoo combined. Also note that Amgen has about a billion in the bank while AOL is effectively in the hole and Yahoo has $100 million it has stolen from the IPO suckers: techstocks.com Note which stock experienced the most volatility through the October hiccup. Not to worry though...Yahoo now has Four11 for $90 million - which is about what Amgen paid to develop Neupogen.