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

To: Jeff Mills who wrote (12260)	7/8/1998 8:03:00 PM
From: Mohan Marette	Respond to of 27307

Jeff: I hear you. I have been with Dell for quite a while now [in a big way relatively speaking of course] and never had to regret my decision,actually the best investment i have ever made in the past 10 or 12 years. As for Yahoo I do have a small position in the stock but I suspect my exposure to Yahoo via my various Fidelity Funds are even greater and I am glad they had the foresight to buy into Yahoo when they did as 11% is no chump change.

To: Jeff Mills who wrote (12260)	7/9/1998 2:44:00 AM
From: craig crawford	Read Replies (2) \| Respond to of 27307

>> This YHOO situation reminds me HEAVILY of DELL 1996 << I don't see that. >> DELL closed today at $96 1/2, which multiplied by 8 gives $772. $772!! DELLs cap today is near $50 BILLION--the small share base, multiple splits, and shorts have made longs RICH. (enter YHOO and its 54.6 MM shares--sound familiar?) << Ahh, but look at what DELL earns. Over $1 billion in earnings in the last 12 months. DELL has 60 times the sales of YHOO. So if you think YHOO is going to $60 billion like DELL has in the last 2 years, A) YHOO better start planning on earning $1 billion dollars B) YHOO better command an even more stratospherical multiple Do you think YHOO will be earning even 1/2 DELL's $1 billion ($500 million) in two years? With $500 million in earnings and no increases in shares outstanding, YHOO would sport a PE of 120. $500 million in revenues is easily doable by YHOO in 2 years but I don't think they can earn $500 million. >> Softbank just dished out $183 per share. People had the chance to buy at $175 today. $220+ open Thursday AM. << Really doesn't mean alot. There are numerous examples in history where companies have overpaid when purchasing a stake in another company. Softbank paying $183 doesn't mean YHOO is fairly priced there. It may prove to be a short-term floor for a while but fundamentals can turn for the worse and $183 could be meaningless if/when they do.

To: Jeff Mills who wrote (12260)	7/9/1998 3:52:00 AM
From: Da Zipstah	Read Replies (2) \| Respond to of 27307

>> Softbank just dished out $183 per share. People had the chance to buy at $175 today. $220+ open Thursday AM. << Aloha and so what??? Softbank used to own a lot more of YHOO before they went public. In fact, I remember them selling at least an equivalent stake a few months ago to raise money for the parent company. The $183/share seems to be arbitrary. The most significant part of this announcement is that it effectively removes any takeover premium from the stock (if any existed in the first place). As you may or may not know, Softbank is a Japanese company, with a history of dicey earnings and unusual accounting. This announcement means NOTHING, and in fact, could be a BIG negative.. Aloha and happy investing, Da Zipstah