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

To: Glenn D. Rudolph who wrote (18345)	1/16/1999 11:04:00 PM
From: Dave Mansfield	Read Replies (1) \| Respond to of 27307

Glenn, thanks for the update on BancBoston's increase in earnings estimates for Yahoo for 1999. Let's see. $0.70 for 1999 earnings, current price of $317. That's a P/E of just over 450 on a going forward basis. The trailing P/E is just over 700 based on 1998 earnings of $0.45. Expected growth in earnings based on the above 55.6%. And earnings expected to slow after 1999. So for a stock whose growth is at 56% and expected to slow, it earns a trailing P/E of 700 and a forward P/E of 450. OK, now I get it! By the way. I figure Yahoo can probably earn $0.95 to $1.05 this year. For growth as much as 133% this year and falling next year to 60%-75%. Which make the current P/E's of 300 (based on $1.05 earnings) or 700 so much easier to swallow. Dave