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

To: fut_trade who wrote (5484)	1/2/1998 12:55:00 AM
From: Rational	Read Replies (2) \| Respond to of 27307

This following appeared in Barron's (Sept 1). This is not about Yahoo!'s price being a bubble. If Barron's writes such a bubble story, many will buy and the stock may tank. I am not saying that Barron's is always right, but there are many who buy their punchline. Take another look at Yahoo! The Internet search company was widely derided as a joke when it came public last year at 13. Yahoo! rose almost four points last week to a record 59 1/2, giving it a market value of $1.7 billion. It's expected to earn a dime a share this year, giving it a P/E of about 600. Yahoo!'s competitors, Excite and Lycos, also have hit new highs lately. Compared with Yahoo!, Coca-Cola is a steal at 57 5/16, 40 times projected operating profits this year.