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

To: Bill Harmond who wrote (11070)	6/11/1998 1:20:00 PM
From: Oeconomicus	Read Replies (2) \| Respond to of 27307

Estimates of what? Revenues? Losses? Revenues are projected to triple this year over last and hit a few bucks short of a billion in 2001. Yet, even using the analyst's assumptions that operating expense ratios will fall in half (to a level well below that of BKS' expenses excluding the costs of bricks and mortar) by 2001, they will still make only about 55 cents a share, maybe! (this, BTW, is based on Robby Stephens' numbers, but correcting for the interest expense they seem to have assumed away - their number is 88 cents). This puts AMZN at a valuation of over 100 times 2001 earnings. They could do two to four times better than RS (hardly bearish on 'net stocks) assumes, and today's price would still be rich... three years from now. Bill, with all due respect... Have you lost your marbles? Bob