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

To: James Thai who wrote (16329)	12/23/1998 4:43:00 PM
From: Smart Investor	Read Replies (1) \| Respond to of 27307

With a small revenue, they have been counting on the high margins to make earning projections. Some people is comparing it to MSFT, MSFT has almost 50% margin. If YHOO shows a static or declining margin, then it is very bad sign. After all, a valuation of 150 Price/Sale demands something special. Otherwise, why should YHOO be valued at 10-20 times that of AOL or Microsoft.com on a per viewer basis? As I said before, I want to find out if they can sustain or improve their margin in the face of more and stronger competitions. If they can not now, then it will be even more difficult as competition is getting more intense.