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

To: Bill Harmond who wrote (9600)	4/9/1998 1:31:00 PM
From: Keith J	Respond to of 27307

From Robertson Stephens analyst Keith Benjamin (4/3/98): <Similarly, we are raising our price target for Yahoo! from $80 to $112. We expect a reasonably positive surprise when Yahoo! reports next week. It looks as expensive today as it did 12 months ago, relative to this year's revenues and EPS. However, we are struck by the fact that the stock's 12-month increase is in the top three in the group. While we are more inclined to take more aggressive positions in the less understood stocks, we would not give up on Yahoo! Excite stands out as a near franchise, a step behind Yahoo! in real terms, and a flight behind in valuation terms. Unlike Yahoo! and others, Excite appears more aggressive at partnering with content providers in order to capture more audience time and potentially more money. We believe its Avis-like, try-harder energy is yielding one of the most valuable Web networks.> KJ