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

To: Randy Ellingson who wrote (19838)	2/9/1999 2:30:00 PM
From: Roader	Read Replies (1) \| Respond to of 27307

Interesting to note that the volume is rather light on Yahoo given that it is off 14 plus pts. Normally we are near the 10M mark. Roader

To: Randy Ellingson who wrote (19838)	2/9/1999 2:58:00 PM
From: Howard Hoffman	Read Replies (1) \| Respond to of 27307

<<"There are more naive investors in the Internet stocks with more $ than ever before in any sector in history." What makes you think this?>> 1. The Internet has made it possible for anyone to purchase stocks quickly, with ease, as never before. There is no precedent. So, many of these people are buying Internet stocks without regard to fundamentals. MANIA 2. Name one other company in all of history to match EBAY for example. IPO at 18 and 4 months later it is at 300 with a market cap of $11 B. THIS HAS NEVER HAPPENED BEFORE. At least not to my knowledge. Please name your closest comparable stock, including market cap. Most stocks that go from 18 to 300 end up in stories on Page 1 of the WSJ. It's usually a story about fraud. No, I don't accuse anyone at EBAY of fraud, it is merely symptomatic of the mania. YHOO is the leader of the mania. You know, in Real Estate, they base price on comparables. Real estate is real. These e-stocks are unreal.

To: Randy Ellingson who wrote (19838)	2/9/1999 3:16:00 PM
From: Howard Hoffman	Read Replies (1) \| Respond to of 27307

<<Can Yahoo have a market cap of $100B in five years?>> Try putting together some numbers and answer for yourself. MSFT has monopoly power and sells for 29 x Rev CSCO is a market leader in a competitive market and sells for 18 x Rev Let's say YHOO will be more like CSCO in 5 yrs, than MSFT. Will YHOO have $100B/18 = $5.5B in Revenue? YHOO currently has $200M in revenue. YHOO would need to increase revenue by factor of 28 in 5 yrs 2 to the 5th power = 32 YHOO needs to almost keep doubling revenue every year for 5 yrs to be worth $100B Do you think YHOO will continue to double revenue each year for 5 years? (Actually 95% rate of annual increase works to 28) Or do you think that 5 years from now people will still be saying they can value YHOO on the basis of momentum?