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

To: The Vinman who wrote (12323)	7/9/1998 7:32:00 AM
From: Mohan Marette	Respond to of 27307

If you say so Vinman but we shall soon see don't we??? Here is an excerpt from Wired mag,just some highlights. Yahoo Reports Blow-out Profit by Jennifer Sullivan and Craig Bicknell 3:30pm 8.Jul.98.PDT Yahoo, the bellwether Internet company, said Wednesday a surge in visitors to its Web directory resulted in a stunning rise in second-quarter earnings, which far exceeded Wall Street forecasts. The leading Internet search company also announced a two-for-one stock split after the market closed. In addition, Yahoo (YHOO) said Softbank Holdings, already one of the company's biggest investors, increased its stake to 31 percent in a private stock placement that raised US$250 million for the company. Yahoo cited a big jump in visitors and advertising revenue for the earnings increase. Nevertheless, analysts said Yahoo's performance was far better than anyone expected. *"The market continues to develop faster than people expect, and Yahoo is squarely in the middle of it," said Henry Blodget at CIBC Oppenheimer.* Revenue in the quarter nearly tripled to $41.2 million. Traffic grew to an average of 115 million page views per day in June, compared with 95 million page views per day in March. "This is a great quarter," said Blodget. "They blew the number out on the top line, they blew the number out on the bottom line." Yahoo is one of the most closely watched stocks on Wall Street. Many investors consider it a proxy for the entire high-flying Internet industry. Good earnings from Yahoo in the past have boosted other Internet stocks.