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

To: Dave Mansfield who wrote (15551)	11/24/1998 10:52:00 PM
From: HG	Read Replies (2) \| Respond to of 27307

Dave, I believe there are a lot more long term investors than you would believe. The bubble may not burst in the conventional sense...unless ALL interNUTS pop. I think we'll see growth plateau at which point rationality will prevail....there may be a small correction but my belief is that the high valuation is here to stay...till fundamentals will slowly "catch up" (unquote). On the other hand, if it pops, it will defy any rationality - it may not wait for deferred tax benefits either. Fear is a powerful motivator. Markets consolidation was expected and predicted, it just is happeneing much sooner than envisaged. NSCP-AOL merger may be the start. With YHOO - the question is - WHO ? We may have priced ourselves out of the market. Even with a 50 pt correction we'd still be too expensive. On the other hand, what is the opportunity cost of owning an internet giant ? And which competitor of the SUN-AOL-NSCP can afford to miss it ? MSFT seems to be the obvious - can they afford NOT to shelve their portel ? Can they afford to let YHOO tie up with someone else ? On the contrary - who else could be powerful/rich enough to bring a meaningful deal to the table ? MSFT doesn't have to buy it out - strong mutually beneficial relationship - more eyeballs than AOL/NSCP combined. Will there be an announcement to sustain investor confidence ? They have to address the issues sooner or later. They must know investors are speculating. On the other hand, this might be a good opportunity to contain the irrational exuberance and bring some sense into the stock price. I can't help remembering the consolidation in the big six market. Mergers spread like flu. And on this note - bye bye stock split.