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

To: Tim Bagwell who wrote (11578)	7/1/1998 3:24:00 AM
From: Bill Harmond	Read Replies (2) \| Respond to of 27307

>>It's been said by others that management believes the stock is overvalued. It must be true then. >>I think it's a reasonable conclusion given the market cap and lack of earnings prospects. What lack of earnings prospects? Yahoo has been generating free cash flow for a year, and has been posting increasing operating earnings for three quarters. If I recall correctly, operating margins have increased from 5% to 17% during the past three quarters. Yahoo is 15% sold, yet, through last quarter at least, CPM's have been increasing. Why do you think Yahoo gapped up on record volume April 9, the morning after after Q1 operating results were released, and never closed that gap during the April/May correction? Earnings prospects.

To: Tim Bagwell who wrote (11578)	7/1/1998 9:30:00 AM
From: craig crawford	Read Replies (2) \| Respond to of 27307

Tim, you made an excellent call last winter, pretty much calling the bottom in the market. I missed the turn (as I usually do) but quickly got on the right side of the fence and swung for the fences. Now your shorting YHOO, so are you bearish on the market for the next couple of months? I think we are going to have a good old fashioned summer rally. A real stunning one. Then I see a possible correction in the fall. That's why I am not shorting the net stocks just yet. What do you think?