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

To: Eric who wrote (21160)	4/7/1999 8:34:00 PM
From: Smart Investor	Read Replies (2) \| Respond to of 27307

But 90% profit margin? I am just afraid that they delay all spending to make this quarter, then write everything off next quarter as part of the merger with Geocities and BCST so nobody will notice. Doing so will mask the true state of the earning picture. I will admit I am wrong if there will be no write offs next quarter. 90% is very suspicious.

To: Eric who wrote (21160)	4/7/1999 9:37:00 PM
From: Ramon Colomina	Respond to of 27307

What Yahoo has is a great accounting model ! They keep stripping earnings of as much as they need (now amortization of intangibles) to meet or beat estimates ... luckily for them they still have depreciation of assets (not many), interest expenses, payroll costs, etc. to help them in the next few quarters ! Given their current profit margins (90% !?) supposedly the only way they can grow earnings is by growing revenues, but the sequential revenue growth they've posted is really dismal for an internet company. And I'm not buying the seasonality excuse as the reason for this ... Ramon.