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To: umbro who wrote (9124)7/7/1998 1:01:00 AM
From: umbro  Respond to of 164684
 

For example, if Yahoo! reports another 200% yr/yr increase
in sales as it did in Q1, the company's trailing Price/Sales
ratio would fall from its current level of 103 to 78, a 24%
reduction. So, in essence, it is just a matter of days
before Internet valuations contract dramatically.


This really is pretty funny. It's kinda like saying if the
price of gasoline is $103/gallon, and it dropped to $78/gallon,
that'd be a dramatic drop in valuation. :)


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