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


To: Brooks Jackson who wrote (11185)6/18/1998 5:29:00 PM
From: Dell-icious  Respond to of 27307
 
They say this in EVERY filing. This will have no effect.
After hours quotes indicate no change.



To: Brooks Jackson who wrote (11185)6/18/1998 5:45:00 PM
From: Mark Myword  Read Replies (2) | Respond to of 27307
 
>> The company also warned its operating expenses
would increase significantly in the future as it expands
sales and marketing efforts and continues to develop
the Yahoo! brand.>>
This will be the beginning of the end for the Yahoo price explosion.
BTW , I have no position in YHOO , just unbiased opinion. It appears that the bugaboo of internet stocks, REALITY , will actually come back into play. The aspect of higher marketing costs to stay alive, the specter of tough competition from MSFT and others, will kill Yahoo.
Suddenly , the dream of huge profits from a "portal" went poof. This stock will gyrate like a sick animal, then come down bigtime.It may carry quite a few other netdogs along for the ride. JMHO!!



To: Brooks Jackson who wrote (11185)6/18/1998 5:51:00 PM
From: Oeconomicus  Read Replies (2) | Respond to of 27307
 
Brooks, I agree, but then I'd be expected too.<g> Seriously, with the market on edge and AMZN giving back eleven points (more than 13%) from its high today, is there room for any bad news in 'net stocks right now? I don't know that afterhours trading says much about this (if ever) since the only trade more than a couple minutes after the CNNfn story hit was 300 shares at almost five o'clock (possibly just a late report).

BTW, go to quote.com for after hours quotes (delayed).

Particularly noteworthy is this:
The company blamed the gloomy forecast on the cost of a recent acquisition and the likelihood that revenue growth will slow.

Bigger expenses to support slower growth isn't exactly reason for a continued rally. Also, as I said before, I have to wonder about anyone that pays $49 million for something and then writes off $45 million of it in one quarter. One, even to accountants, there has to be some justification for the immediate charge, so does that imply that they overpaid? Two, if it is really worth $49 million, I question the accountant that let's them take a bath now just to make future quarters look better. They should have to charge it off over time, but that would mean losses for an even longer period.

We'll see whether the market cares.

Bob