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

To: yard_man who wrote (12461)	7/9/1998 3:12:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 27307

Ok 't i m i d ' you know what Yahoo is worth??? 'The truth is out there'[a'la the X-files]. cbs.marketwatch.com Excerpts: And according to Susan Decker at Donaldson Lufkin & Jenrette, there may be more good news in store for investors. After hearing that Yahoo made 15 cents a share of operating profit in the second quarter, the sell-side analyst wrote a research report upping her earnings estimates and setting a $250 12-month price target for Yahoo. At that price, Yahoo would be worth $14 billion. ..some analysts who think Yahoo's stock may have actually gotten a bit ahead of itself. Although he also upped his earnings estimates by more than 35 percent and maintained a "long-term buy" rating for Yahoo, noted Internet bull Keith Benjamin of Robertson Stephens wrote in a report that he hopes the stock takes "a well-deserved break." Meanwhile, Jonathan Cohen of Merrill Lynch wrote in his report that he feels "the need to balance Yahoo's strong operating results" against the company's market cap. Derek Brown and Andrea Williams of San Francisco-based Volpe Brown Williams are even tougher on Yahoo's stock. Derek Brown noted Yahoo is trading at about 40 times its 1999 revenue estimate, "significantly ahead of any other company in the group." America Online (AOL), for instance, trades at about 6 times its 1999 estimated sales, according to Merrill Lynch's Cohen. More art than science Applying a price-to-earnings multiple of 60 to very rough earnings estimates for Yahoo in the year 2000 and then discounting back one year, the company could possibly be trading at about $78 a year from now, according to Derek Brown at Volpe Brown Whelan. "I would love to see how anybody came up with (a $250 price target)," said Brown, who admits that valuing Internet companies is more "art than science." As Brown put it, "It seems like we might be entering new territory here."