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To: Maya who wrote (20698)10/8/1998 8:53:00 AM
From: Alan Newman  Respond to of 164684
 
More from Briefing.com:

08:43 ET Yahoo! Inc (YHOO) 114 3/8: DLJ analyst Jaime Kiggen raises FY98 earnings view from $0.32 to $0.43 and FY99 from $0.49 to $0.63. Raises 6-12 month price target from $125 to $175.

Price target assumes a modest PE of 275 on FY99 earnings. ;-)

With some companies selling for book value, you have to wonder why someone would think that a PE of 275 makes sense.

Alan



To: Maya who wrote (20698)10/8/1998 9:13:00 AM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
4c of Yahoo's upside (out of 14.6c) was from interest income and a lower tax rate ---
were those 4c included in street estimates of 10c? Thanks (assuming 114.5 mil shares
O/S)

Yes!

Glenn


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