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

To: PeterGx who wrote (10225)	4/17/1998 10:55:00 AM
From: Ken M	Read Replies (1) \| Respond to of 27307

Reuters, Friday, April 17, 1998 at 10:35 CHICAGO, April 17 (Reuters) - EVEREN Securities said Friday it lowered its intermediate term rating on Yahoo! Inc. to market performer from outperform but maintained its long term outperform rating. -- Says in report downgrade based on valuation as the stock reached its near term price target. -- Says Yahoo sells at 286 times its 1998 earnings per share estimate of $0.45 and 165 times its estimate of $0.78 for 1999. Says valuation could increase but concerned that any advance would be short lived. -- Stock down 4-17/64 at 124-1/8 in morning trade. chicago.equities.newsroom@reuters.com))

To: PeterGx who wrote (10225)	4/17/1998 11:21:00 AM
From: Brett Behm	Respond to of 27307

<< Only a horrible earnings surprise. It has sailed through almost all else..YHOO is often compared to IOMG NSCP SPYG etc etc Wasn't it bad earnings SURPRISE that brought those down? >> Why would they ever post anything but good earnings for the near term future. They keep adding services, which if doesn't attract new eyeballs, will keep the old ones coming back. And what I think is most important is the "expectation" for any real earnings is non-existent. C'mon after gains from interest, a 1 M earnings surprise equates to an increase of 2 B on the cap. You think, YHOO is ever going to come up short 1-2 M on the earnings side. NSCP's problem was that they were a $500 M company after the first year. Try and grow that number by 100% a year. $30 M/qtr, $50 M/qtr it's still all a joke for a $7 B company.