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

To: Randy Ellingson who wrote (15475)	11/23/1998 9:51:00 PM
From: Roger A. Babb	Read Replies (1) \| Respond to of 27307

Randy, YHOO would need about $1 billion in earnings to justify its current valuation. That implies about $10 billion in ad revenues. These are advertising revenues, implying that the ads generate about $200 billion in sales for the clients. Can I visualize YHOO ads generating $200 billion in revenue for the advertisers in 5 years? In a word, NO. There is no logic to the current valuation, it is simply the result of an overheated auction market. But it ain't over yet, could go higher before the inevitable return to reality.