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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: FawnVu who wrote (5472)	10/6/1998 3:27:00 PM
From: Charles T. Russell	Respond to of 119973

Fawn, The more speculative nets will be the last tech stocks to fall during this phase of the tech correction. Even though Yahoo and AOL have earnings, their valuations are much too high relative to the other technology stocks that have real earnings, real market share and real customers. I would expect Yahoo's ad revenues and portal revenues to drop as corporate spending tightens. I'm also looking for Venture Cap money to start drying up in the technology sector; this might tighten YAHOO ad revenue even futher (net ventures are some of the leading advertisers on Yahoo). The notion of a web portal sounds much more powerful than it is, and that fact when realized, will affect the market's perception of this stock. Yahoo has a very valuable brand name, no doubt. So does Disney... and look what has happened there. EPS will drive share price in the next 6 months. <please no preaching about how the internet is some millenial event that we cannot understand just yet...>