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To: Bill Harmond who wrote (4609)	12/17/1997 2:44:00 AM
From: StaggerLee	Respond to of 27307

>>By the way, in 1975 the future was FM Radio. Easy to say now! If you had suggested in 1975 that nobody would be using CB's in 5 years, everyone would think you were high. (and you probably were <g>). Remember channel overcrowding? (a.k.a. busy signals) Remember the new BearCat scanners? (a.k.a. 56K modems). It was the latest in way out, mod communications. I'm not saying the internet is going to die like the CB, but it's not going to replace shopping malls and newspapers either, which is what these valuations basically presume. You can not open a publication today without reading about "The Internet." Let's picture 4 times more users than we have today (though generally less affluent and less educated). That's 2005, and that's STILL not enough business to justify a $3 billion mkt cap for YHOO, not even remotely close. You're seeing the CB Radio, '90's style :) I suspect in 3 years, it will be much like it is today. Except YHOO will be at $8, not $60.