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

To: HiSpeed who wrote (15187)	11/13/1998 1:13:00 AM
From: HiSpeed	Read Replies (2) \| Respond to of 27307

YHOO plug: The INVESTools Advisory, November 9-13, 1998 1. Rocketing Yahoo A 'Buy' Despite Ski-high Price Tag (YHOO) Friday, November 13, 1998 "There is great controversy in investment circles concerning the price of this stock," says growth stock investor Carlton Lutts about Yahoo (YHOO). This may be a grand understatement. With a P/E near 400, analysts, investors and pundits say the Internet directory and media service is extremely overpriced. Lutts disagrees, arguing that Yahoo is "an entirely new, worldwide media company" and its position as an Internet leader is extremely valuable. Yahoo's free service receives millions of visitors daily, and Lutts notes that Yahoo's revenues mainly come from short-term contracts to provide banner advertisements. These revenues are surging, up nearly 200% from a year ago. September quarter revenues were $53.6 million, up from $41.2 million and $30.2 million in the previous two quarters. Earnings are also growing; Yahoo reported a $0.15 EPS for this quarter vs. $0.04 last year. "If ever a stock had a chance to collapse, Yahoo did in the July-September market weakness," Lutts says. He points out that Yahoo corrected briefly from $100 to $60 in early September but closed on November 11 at $165. For more on Carlton Lutts' recommendation see "Cabot's New Stocks," October 30, 1998, The Cabot Market Letter. Growth stock investor Carlton Lutts uses fundamental analysis and looks for upward market trends and positive stock momentum to identify tomorrow's superstars before their share prices soar. investools.com

To: HiSpeed who wrote (15187)	11/13/1998 2:22:00 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 27307

My fund manager added AOL and Yhoo at that time and I thought he was crazy. Whos the crazy one. He has a lot of research material that says that huge speculation like this is not that uncommon relative to the entire mkt when a new leader in an industry is born - and thats what we have here, a new leader(potentially) and a new industry (definite). I do recall that Cisco was unbelievably expensive in the early days too. Of course there are other cases such as Dell that stumble along the way and its better to wait until that happens to add... but you never know if that will actually happen or not. Im looking to add to my internet long positions, despite the risk. Michelle