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

To: Randy Ellingson who wrote (20837)	4/6/1999 11:54:00 AM
From: William T. Katz	Respond to of 27307

Randy, you say "the market's valuation of YHOO has proven to be too conservative as long as it has been trading publicly." Right now, the market valuation is based on supply and demand where the demand is fueled by internet frenzy. There really is almost no analysis of market cap based on actual revenue, etc because people don't know where the revenue/profits will be in the upcoming years. But because of that uncertainty, I think that the best case scenario may have already been built into the stock price. Once the actual opportunities for Yahoo! get more defined in terms of possible revenue and margins, and the competition is better understood, demand will be driven by analysis and less hype. And yes, I think the valuations for a number of these internet stocks will change, esp. as investors demand results.