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

To: Michael Collings who wrote (8253)	3/11/1998 2:54:00 AM
From: Bhealy	Read Replies (1) \| Respond to of 27307

Fundamental valuation and Yahoo I'm the first person to admit the run-up in Yahoo is outrageous - I've shorted the stock aggressively since Friday. But using a break-up value metric on an internet company is also ridiculous. The multiples you quote are of hard assets-which an effectively virtual corporation like Yahoo has little. It's not like these guys need buildings to develop better search engines or segment targeted advertising capabilities. Yahoo will not shut it's doors at your .02 valuation - it would sooner sell for the value of its expected future cash flows (more near $30 as I see it).