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

To: Bill Harmond who wrote (5427)	12/31/1997 6:57:00 PM
From: Robert Giambrone	Respond to of 27307

From Bloomberg: Yahoo best gainer of 97-------> BN 12/31 Owning the Best U.S. Stock -- and the Worst: Review & Outlook Owning the Best U.S. Stock -- and the Worst: Review & Outlook New York, Dec. 31 (Bloomberg) -- Never mind that 1997's best- performing U.S. stock -- leaping more than six times in value -- was Yahoo! Inc. There's no celebration at AIM Aggressive Growth Fund, one of the largest owners of Yahoo! shares, according to Technimetrics. That's because AIM was also among the top holders of 1997's worst- performing stock: Cityscape Financial Corp., which ended up worth 50 cents. AIM's 10.2 percent gain for 1997 trailed the return on a 10- year U.S. Treasury bond. The $2.2 billion fund doesn't comment on its investments. Yahoo!, which dispenses a wide variety of information from an Internet Web site, surged 511 percent this year, ending at 69 1/4. The Santa Clara, California-based company more than tripled sales to $17.3 million in the third quarter, up from $5.5 million in the year-ago period. It recorded its first-ever profit in the January-March period. Investors value the company at $2.98 billion -- a dizzy price-to-earnings ratio of 204 times estimated 1998 profit that is 10 times that of the average stock in the benchmark Standard & Poor's 500 Index. As more people surf the Internet and Yahoo! remains a premier site to place advertisements, the price is worth it, the bulls say. bloomberg.com

To: Bill Harmond who wrote (5427)	12/31/1997 9:31:00 PM
From: PeterGx	Read Replies (1) \| Respond to of 27307

** off YHOO ** Well, may be you are right: CD will be next year's play. If their PR/BS managed to get YOU to write such a wonderful piece about their prospects then, no reason why any one else should not follow... After all YHOO taught me one thing: it ain't nothing to do with foundamentals whatsoever... All about perception, and powerful interests with muscle backing a stock, and MOMENTUM.. So, quite possibly Cendant could become Yahoonized.. although they do have a well established business model and earnings trail BTW, CUC, regardles of what they claim, is primarily a junk-mail company, HFS is a holding company of traditional businesses. Whatever positive earnings CD has it derives from its core businesses: the Internet ventures are big loosers as far as the bottom line of CD is concerned (bit like Yahoo!) CUC will benefit substantially from HFS's customer base (100 mil strong). Not having to pay through the nose for "lists" to market to, Profits/earnings will probably jump in the next few years. However, little of their success will be contributable to their NET ventures. Good luck!