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

To: TEColeman who wrote (12407)	7/9/1998 12:06:00 PM
From: Rajiv	Read Replies (1) \| Respond to of 27307

Didn't they get a chunk of their increase in earnings from the purchase of another company? No. Regards. Rajiv

To: TEColeman who wrote (12407)	7/9/1998 12:17:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 27307

Woo TEC you asking me a lot of questions here and I don't know whether I can answer them all to your satisfaction but let me try anyway. 1- [44 mil acquistion cost]- I don't know whether they got the chunk of their income from the new company,I doubt it as I do not know whether acquistion was immediately 'accretive' to earnings.Perhaps someone could answer you better or you can call the investor relations people of Yahoo and clarify this. 2- [BS in the 70s]- You are assuming Yahoo has reached saturation point while we all know the internet is yet to reach more than half of the U.S population and add to it the rest of the world and you see this is not the case. Yahoo has just scratched surface and a long ways to go. I don't what you are referring to when you say the BS in the 70s, is this reference in any way related to the leveraged buyouts and stuff and if so we are talking about entirely different situations. 3- [How does Yahoo charge]-They charge advertisers per 1000 page view, I believe it is something like $27.00 or so per 1000 page view. 4- [.81 vs .50 loss]--yes with the acquisition cost,if you take that out they earned .15 per diluted share,which more than you can say about other internet stocks who are riding Yahoo's coat-tail. 5-[premium charge]-I believe there is a premium charge for advertising on sites with more page view.

To: TEColeman who wrote (12407)	7/9/1998 12:30:00 PM
From: Mohan Marette	Read Replies (2) \| Respond to of 27307

Yahoo mocks the 'neigh' sayers- [source: Motley Fool] TEC: Perhaps this will give you an idea. Jul 09, 1998 FOOL PLATE SPECIAL An Investment Opinion by Louis Corrigan Yahoo! Mocks the "Neigh"-Sayers Call them Yahoos if you like, but investors in Jonathan Swift's favorite Internet portal site are thumbing their noses today at those "neigh"-saying Wall Street Houyhnhnms who keep looking for the Internet stocks to go the way of Holland's tulips. Shares of Yahoo! (Nasdaq:YHOO - news) shot up $10 to $196 3/16 by midday after trading as high as $204 earlier in the session following last night's stellar earnings report. Second quarter revenue was $41.2 million, up 192% over the year-ago period and 36% above the first quarter's $30.2 million. Excluding $44.1 million in one-time charges related to the acquisition of Viaweb Inc., the company delivered $8.1 million in net income, or $0.15 a share. That crushed the $0.09 per share consensus estimate as well as the supposed "whisper number" of $0.12. It also beat first quarter profits of $4.3 million, or $0.08 a share, which was itself double analyst estimates. Adding fuel to Yahoo's rocket ride was the announcement that the stock would split two-for-one, with the split to be reflected in trading on August 3. While splits are irrelevant from an economic perspective, like Viagra, they tend to get investors excited. More significantly, Yahoo! said it had finalized a private sale of 1.36 million shares to Softbank Holdings, the U.S. subsidiary of Japan's Softbank Corp., which will now own 31% of Yahoo!'s stock. The transaction was set at a market price of $183 and so will add $250 million to the Internet leader's $147 million cash hoard for new partnerships and acquisitions. On balance, though, Yahoo's quarterly report was remarkable for being nearly unremarkable. Average page views per day (a key measurement of website traffic) increased to 115 million in June, up 21% from the 95 million figure hit in March, which was up 46% from the 65 million seen in December 1997. Growth in registered users was more robust, rising to 18 million from 12 million in March. While these aren't paying customers, they do represent a group more likely to stick with Yahoo! since they're likely to personalize their experience of the portal's services. By comparison, America Online (NYSE:AOL - news) has over 12 million paying subscribers, with the actual user base much higher. Other metrics showed more incremental gains, with Yahoo! still the number one website for office users, with 54.1% using the portal versus 49% in the first quarter. And it's still number two for home users, just a percentage point behind AOL at 44.4%, up from 43% in the first quarter. In other words, business as usual. What is remarkable is how clearly Yahoo!'s numbers exhibit the absolute beauty of its business model. While revenues rose 36% from the first quarter to $11 million, fully half of that amount dropped down to operating profits, which increased 151% to $9.2 million from $3.7 million in the first quarter. Yahoo! doesn't have to involve itself in the more capital intensive part of the Internet, stuff like laying, servicing, or leasing cable or a telecommunications backbone. It mainly just aggregates content and sells ads. Given that operating margins jumped from 12.1% to 22.3% in just one quarter, it's easy to see how increased ad spending and higher ad rates should provide Yahoo! with monster operating leverage in the future. Gross margins of 88.5% suggest just how high that upside can be. Critics that talk about Yahoo!'s valuation without talking about its business model are really just horsing around for the cameras. The usual (Internet) suspects moved up on the back of Yahoo!'s earnings report. Excite (Nasdaq:XCIT - news) added $3 3/16 to $94 9/16; Lycos Inc. (Nasdaq:LCOS - news) gained $4 3/16 to $81 11/16; Amazon.com (Nasdaq:AMZN - news) rose $5 7/16 to $112 9/16; Netscape Communications (Nasdaq:NSCP - news) picked up $1 1/2 to $38 9/16; America Online (NYSE:AOL - news) climbed $2 1/4 to $113; DoubleClick (Nasdaq:DCLK - news) gained $3 3/4 to $59 7/8; and NetGravity (Nasdaq:NETG - news) advanced $2 13/16 to $24 13/16.