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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (6992)	4/2/1998 1:40:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 120523

Jenna they just downgraded YHOO on valuations....:>} hmmm what to do???? Thursday April 2, 1:04 pm Eastern Time RESEARCH ALERT - Yahoo! cut on valuation MINNEAPOLIS, April 2 (Reuters) - Everen Securities Inc. said Thursday it is lowering its intermediate rating for Yahoo! Inc. to marketperformer from outperform based on the stock's attainment of its price targets. - ''At a multiple of 140 times EPS (earnings per share) for the year which begins in nine months we think a valuation case is difficult to make at this point, hence our reduction of the rating,'' Everen said in a research report. - Everen maintained its long-term outperform rating. - Earnings per share in 1998 are seen at $0.38 while in 1999 EPS are forecast to rise to $0.70, Everen said. - Everen set an 18 month price target of $105. Yahoo! shares were trading up 4-13/16 at 102-5/8. More Quotes and News: Yahoo Inc (Nasdaq:YHOO - news) Related News Categories: US Market News Help Copyright c 1998 Reuters Limited. All rights reserved. Republicatio