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

To: Robert Sievers who wrote (7287)	2/11/1998 11:28:00 AM
From: Oeconomicus	Read Replies (1) \| Respond to of 27307

In MBA school they teach that a stock's value is the sum of all future revenues. Feudian slip Robert? I guess that would explain why the market, and especially stocks like this keep going up. The b-schools are teaching that value can be infinite. <G> And here I was thinking that value had something to do with future earnings and I was even adjusting for the time value of money. Now I get it! I'm giddy with bullish joy! Just like Cramer! Yahoooooo! Bob? PS: Did anyone notice that AOL really didn't "beat the street" by a penny? In fact, they booked a penny/share of "nonrecurring gains".

To: Robert Sievers who wrote (7287)	2/11/1998 9:19:00 PM
From: phbolton	Respond to of 27307

Robert: I agree that valuation has nothing to do with YHOO's current price but I keep hoping to goad someone into posting some basis for the current price. A stock's (true?) value should be close to the discounted value of all future earnings, as you say, and I am still waiting to see a model that gives YHOO a value in the double digits and will probably remain short until then. I think YHOO will fall when either (a) something else becomes the next great thing or (1) the overall market falters.