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

To: Nelson Chang who wrote (16085)	12/18/1998 4:22:00 PM
From: Mandinga	Read Replies (1) \| Respond to of 27307

This clearly reflects the level of insanity in today's market.

To: Nelson Chang who wrote (16085)	12/18/1998 4:23:00 PM
From: Smart Investor	Respond to of 27307

We will see if YHOO can make $2 per share in 2000. I can bet that they will not. As year 2000 is approaching, companies will need to spend more money to deal with the Y2K problem. E-commerce stuff will have to wait. YHOO's margin of 30% can not be sustained. They said that themselves. So far, they have not spend much money to expand capacity. For God sake, they are still renting the second floor of a building. But they need to do so soon if they want to keep up with other Net companies, that will greatly depress their margin. There will also be more competition as shown by the daily announcement of new Net companies. I would say that AOL and Microsoft.com will be very strong competitors. Besides, Softbank can not continue to pump money into YHOO in a very questionable way(in my opinion). Therefore, I think YHOO's margin will come down and will not be able to meet earning projection very soon. If that happens, it will crash to $50 or $20 per share. This is my prediction, and that is why I think it is way overvalued at the current price.