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

To: jach who wrote (19606)	2/2/1999 8:34:00 AM
From: Anthony Tsai	Read Replies (1) \| Respond to of 27307

02/02 6:31A (DJ) Davos: Yahoo! CEO Sees More Upside For Some Internet Stocks DAVOS, Switzerland (Dow Jones)--Even with sky-high stock market valuations there's huge opportunity in the Internet industry, and as the sector consolidates, emerging large profitable companies will reward long term investors, Tim Koogle, CEO of Yahoo! Inc. said Tuesday. "Yes, I do," Koogle said when if he sees further upside for Internet stocks. "I know the current market caps are high, but there are going to be some companies that are going to be very large scale among those that are being bought now, and probably those investments, for long term investors if they have properly selected, will be good ones." Koogle said the Internet industry is growing at a furious pace, with the total number of internet users seen tripling to three or four hundred million people over the next few years, while the amount of money coming from 'e-commerce,' advertising and other revenue is already in the "tens of billions of dollars and going to grow much more rapidly." "There is a primary supply of both users and dollars to support a very large industry and a number of very good companies that grow to scale," Koogle said. "The stock market itself, while inefficient sometimes, makes selections of companies that they think are going to be leaders." Koogle warned, however, that "there are a lot of companies that have been formed and not all of them will be winners - some will be and some won't be."