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

To: Don Westermeyer who wrote (4884)	12/22/1997 9:01:00 PM
From: Bill Wexler	Read Replies (1) \| Respond to of 27307

AOL's market cap now higher than Costco's!!! Let's talk about a real retailing phenomenon. Costco has $22 billion in sales and 300 million in earnings and the company is growing like gangbusters. You can now buy it for 1 billion less than AOL! Maybe Costco should just shut down every single one of its outlets, start a web page, and commence losing millions of dollars.

To: Don Westermeyer who wrote (4884)	12/22/1997 10:42:00 PM
From: Bill Harmond	Read Replies (2) \| Respond to of 27307

Don, I didn't bet the ranch or anything, but I bought some of those Dec '98 SPX 950 puts today at 66. Pretty close to Yahoo's price. It'll be interesting to see which does better.

To: Don Westermeyer who wrote (4884)	12/22/1997 11:14:00 PM
From: Keith J	Respond to of 27307

What I think is most amazing is that no one said what they're buying, and yet the stocks go crazy. I mean, in $ terms, I'm sure the total is exploding. It doesn't even take a day for Dell to rack up a million dollars worth of sales over the net. Is AOL involved in this? No. Is Yahoo involved in this? No. I think people realize that commerce over the net is viable. However, are all types of commerce viable? I doubt it. What types of commerce are? Two stand out to me. Financial services and mail-order houses. Both existing businesses, and maybe with some new companies. But do you need Yahoo to guide you to Dell or other outfits (Amazon, Land's End, Victoria's Secret, etc.)? Probably not, and if so, it'll be a one-time situation. Where is Yahoo then? Nowhere. Oh, and did you see E-Trade is doing a buyback. Of course their stock has tanked already. Maybe Yahoo ought to do a buyback to reduce the float even further. <G> I'm short at 57ish, and willing to hold until the low 70s if it goes that far before it falls. KJ