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To: Charles Hughes who wrote (15862)	1/7/1998 1:27:00 AM
From: damniseedemons	Respond to of 24154

Chaz, of course you are right about YHOO's IPO interest income. But interest income is in fact part of a company's every day operations--the earnings figures that Wall Street cares for. You are bringing in a "quality of earnings" issue, which is valid and at times a concern of Wall Street. Thing is, YHOO stock was up 500% in 1997, so it's pretty clear that nobody is concerned about earnings-quality at Yahoo. Hence, neither am I. Sorry to take the passive/wuss stance to your challenge, but that's how I invest: I know what I know, but I do what I think the Street will do--these are often in conflict, and there is no purpose in me fighting it.