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

To: Bill Harmond who wrote (4984)	12/23/1997 3:09:00 PM
From: IKM	Read Replies (1) \| Respond to of 27307

Is it my imagination, or has the spread narrowed?

To: Bill Harmond who wrote (4984)	12/23/1997 3:16:00 PM
From: phbolton	Respond to of 27307

This one is probably more like MU than like ZITL. MU ran up to 60+ this August based on misinterpretation (and misrepresentation) of the DRAM market by MU and various brokerage houses. Merrill Lynch in particular was pushing MU all the way up (while selling as it turns out) and then turned against the stock as it fell to its current mid 20 range. Those with independent information about MU (ie those on SI who followed the DRAM market) knew that MU was toast. ZITL was/is a scam. Eventually folks will see that YHOO is in a business with essentially no barrier to entry, no product loyalty, a weak cash flow and miniscule profits. Eventually may be soon, or may be later, but I'm patient.