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

To: Bill Wexler who wrote (4720)	12/18/1997 8:21:00 PM
From: Jim Ritter	Read Replies (2) \| Respond to of 27307

<<You would have never imagined that a few nerds making a little BASIC interpreter on punched paper tape would a short 20 years later control a software empire that rivals General Electric and Coca-Cola in market capitalization.>> Bill Gates has stated publicly that much of the success of Microsoft being where it is was just the luck of the draw. Its wrong to place such a high price on something that may happen. Last year it was Netscape, Spyglass, Netcom and PSI. Everyone thought that just because they were associated with the internet, they would make tons of money. I believe all of those stocks are now down at least 70% from their all time highs. That's why I wonder why Yahoo's stock is so expensive. Although just a few months ago, these internet stocks made many a person broke, new stocks took their place to sucker the masses in. And they went for it! Another reason why I'm playing Yahoo down so much, is I don't think the founders of the company are really on a money run. Yahoo doesn't push advertising in your face like excite does and from what I've heard about the beginnings of the company, they really didn't start the company to make tons of money. (This is totally on the other end of the spectrum from Gates and Balmer who are probably the greediest men on the planet). I think Yahoo was picked out because it was a popular internet company who's stock could be pushed up for a quick buck. Once it falls, the analysts will move on and pick out another one for next year.