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

To: Bill Harmond who wrote (9831)	4/12/1998 2:40:00 PM
From: joe caetano	Read Replies (2) \| Respond to of 27307

Barron's calls yahoo HOPE, Hype and HOT AIR !!! read on 4/13'98 Barron's calls Yahoo...HOPE,HYPE and HOT AIR.pg 13 To All Please get this weekend's edition of Barron's and read their follow-up to "investing in the internet sector". I will quote what this week's edition has to say. "But Yahoo's turn to profit may not mean much in the long term especally since other search engines like Excite and Alta Vista are challenging it's leadership position even as the company itself gears up to enter AOL's market. THE SIMPLE POINT IS THAT, AT 114 1/2, YAHOO IS SELLING AT 43 TIMES IT'S ANNUALIZED SALES. BY COMPARISON, MICROSOFT, HARDLY THE MARKET'S MOST UNDERVALUED STOCK SELLS AT SOMEWHERE AROUND 15 TIMES..... .....AT CURRENT LEVELS EVEN GIVEN THE PROMISE OF THE INTERNET AND THE EXCELLENT MANAGEMENT AT BOTH COMPANIES, THE STOCK PRICES OF YAHOO AND AMAZON.COM SEEM UNCOUPLED FROM ECONOMIC REALITY". READ PG MW5............. THE MARKET'S AFFECTION FOR INTERNET STOCKS REACHED THE OBSESSION STAGE LAST WEEK AFTER YAHOO POSTED STRONGER THAN EXPECTED EARNINGS FOR THE MARCH QUARTER......the article goes on and tells you how well all the other internet stocks did and makes good comments about the management of yahoo but the paragraph finishes....."THE STOCK PRICES ARE DISCONECTED FROM THE UNDERLYING BUSINESS FUNDAMENTALS OF THE COMPANIES. TRADING AT 42 TIMES NEXT YEARS REVENUES IS NOT A SUSTAINABLE MULTIPLE. ...........MARY MEEKER THE HIGH PROFILE INTERNET ANALYST AT MORGAN STANLEY DEAN WITTER ADDED FUEL TO THE FIRE ON THURSDAY PICKING UP COVERAGE OF YAHOO WITH AN OUTPEFORM RATING.(HARD TO BELIVE MEEKER,OF ALL PEOPLE,HAD NOT COVERED THE STOCK BEFORE,BUT IT'S TRUE) SHE EXPECTS YAHOO WILL EARN .45 CENTS A SHARE THIS YEAR ON REVENUES OF 151 MILLION; FOR 1999 SHE FORESEES 225 MILLION IN REVENUES AND EARNINGS OF .75 CENTS A SHARE . THUS YAHOO TRADES AT 252 TIMES MEEKER'S ESTIMATE FOR THIS YEAR AND 151 TIMES HER 1999 PROJECTION. KIND OF SCARY AINT IT ?.......... the article continues a little more but you might want to read it before the market open's on monday TWILL INC