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

To: Chuck Molinary who wrote (14338)	10/6/1998 6:47:00 PM
From: Kailash	Respond to of 27307

"Yahoo? That's not leadership." On Monday's trading, from redherring.com MARKET UPDATE: NASDAQ IN THE DOGHOUSE By Peter D. Henig Red Herring Online October 5, 1998 <snip> "Leadership? There is no leadership," said Rick Berry, director of research for J.P. Turner & Co. "Yahoo (YHOO)? That's not leadership." Indeed, it's not. Yahoo took a hit with the rest of technology's biggest names as the FTC announced that longtime market favorite, Cisco would be investigated for possible illegal discussions it had held with Lucent (LU) and Nortel Networks (NT), allegedly discussing splitting up market share between the three. Wherever investors looked, the screen printed red. Amazon (AMZN), America Online (AOL), Dell, Nokia (NOKA), Sun (SUNW), IBM (IBM), and others all got torched during Monday's session. Only one way down "It's so predictable, this isn't fun anymore," said a dour Mr. Berry, lamenting that valuations, which still remained above historical levels, still have plenty of room to fall. "I think the Dow could see 5,000 next year without any problem, probably 6,800 by the end of this year," said the analyst. <snip> And what about those precious Internet stocks which could do no wrong? "I predict the Internet stocks will lose 50 to 80 percent of their value over the next 12 months," claimed the analyst. That prediction alone should stir up the markets a bit.

To: Chuck Molinary who wrote (14338)	10/6/1998 8:30:00 PM
From: StormRider	Read Replies (1) \| Respond to of 27307

Please, don't compare Iomega with Yahoo. Yes there are similarities in the way the stock price has skyrocketed once these companies showed earnings, but IMO, this is a totally different ball game. Don't get me wrong, I think that eventually YHOO's price will correct (and maybe even hard), but the overall outlook (long term) for this stock (and the industry we're talking about here) are spectacular. Of course no one is infallible and Yahoo might fall by the wayside in the future, but I personally think that Yahoo and some of the other big portals (my favorite is Excite) will not only survive, but flourish. JMHO Good Luck