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

To: Stogey who wrote (8610)	3/20/1998 12:03:00 AM
From: Bill Harmond	Read Replies (1) \| Respond to of 27307

Swimmer, I can't work your link, but 4% institutional ownership is way low, probably by a factor of four or five. Tim Koogle himself said last week that institutions now own 75% of the float. If the float is 20 million shares, that's institutional ownership of 15 million shares. I think Fidelity alone owns over 2 million shares. That's 4% right there in one fund family. I think I remember Media General's institutional ownership number for early March is around 12 million shares. However you cut it, this stock is heavily owned by institutions, and they have been net buyers above 60 (support this quarter), because institutional ownership has swelled during the past couple months. First Call is a compilation of analyst opinion. Analysts throw up long term growth rates at will. No one knows. Right now Yahoo's growth rate is far higher than 70%. If Yahoo's long term rate turns out to indeed be as high as 70% (unlikely IMO), then this stock is a screaming bargain in a 6% world.