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

To: Bill Harmond who wrote (13891)	9/23/1998 12:49:00 PM
From: Frank Z	Respond to of 27307

Yahoo daily chart has shown double top formation. It is not able to go up with NASDAQ. Not a good sign.

To: Bill Harmond who wrote (13891)	9/23/1998 1:01:00 PM
From: Oeconomicus	Read Replies (1) \| Respond to of 27307

Bill, first, you know as well as anyone that gross margins are not a particularly meaningful measure for this company. It is not a manufacturer, wholesaler or retailer. Throwing out an amazing sounding figure of "90%" serves no purpose other than hype. Second, "net margins" have never been 22%. Operating margins in Q2, before the $44 million "non-recurring charge", were 22%, but that is a pretax figure and at some point they will have to start paying Uncle Sam. The 30%+ expectation is, likewise, the "operating" line and pretax and is padded by the charges they took last quarter. Besides, the consensus for 1999 of 46 cents per share comes to a NET margin of 21% on the most recent revenue projection I've seen. Pretax, that should equate to something north of 30% anyway, so wasn't some margin improvement already factored into the estimates? Finally, justifying the business model - and I am not arguing they can't turn a profit, though competitive pressures may limit future growth - does not justify the valuation. On fully diluted shares, YHOO now has a market cap of almost $14 billion. This on a company expected to produce $150 million or so of revenue this year? That's 244 times forward earnings for a company that 18 analysts say will grow earnings at 58% for the next five years, for a forward PEG ratio of 4.2:1. And those estimates probably didn't assume that YHOO's "unique users" would be dropping or that YHOO may lose it's place as the leading ".com". Bob PS: Two more 144s filed on Monday.

To: Bill Harmond who wrote (13891)	11/10/1998 11:56:00 AM
From: George Gotch	Read Replies (2) \| Respond to of 27307

How can you compare them to MSFT..Please. Portals are a dime a dozen these days.. You still have a hard time finding anything. Do you really think this company is going to own the net to justify this market cap..Yes market cap, The concept of how much money you have to raise to buy all the shared outstanding.. 15billion!!!! Wonder if we can build a killer Inet co for that amount? geez..It is amazing that investors have no clue on market cap..