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

To: ItsAllCyclical who wrote (9022)	4/2/1998 3:44:00 PM
From: Oeconomicus	Respond to of 27307

Details of the Everen rating change: 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. 140 times earnings in the year beginning nine months from now? Ha! I bet it's only 100 times the year after that. Buy more! It should be trading at no less than 200 times Y2K guestimates! Bob

To: ItsAllCyclical who wrote (9022)	4/2/1998 3:47:00 PM
From: LRS	Respond to of 27307

Watch the Sequoia and Softbank flood gates next week. Also, note that the short interest can be covered in about a day or two. And check this interesting bit out. It is funny how we humans are so odd. washingtonpost.com

To: ItsAllCyclical who wrote (9022)	4/2/1998 3:54:00 PM
From: Bill Harmond	Read Replies (3) \| Respond to of 27307

The float isn't small any longer, and the short interest isn't as significant. Deliberate short squeezes in Yahoo aren't much of a factor. It's not like the shorts have exactly been pounding away at the price and have reached a point of critical mass where a squeeze would be truly effective. Any short who woke up this morning, saw Yahoo cross 100, and said to himself that some MM was out to get him is out of touch with recent market action. This rise is being fueled by institutional buying, not manipulation... plus most of the factors you mentioned aren't manipulation anyway. >>Everen Everen is no big deal. If Goldman, Morgan Stanley, DMG, Montgomery, Robby Stephens, Soundview...even Merrill, Cohen, H&Q and a couple others have comments they carry far more weight with technology investors then Everen.