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

To: Pruguy who wrote (21794)	5/18/1999 7:32:00 PM
From: Dave Mansfield	Read Replies (1) \| Respond to of 27307

Pru, I think you misread my feelings on the portal business. I'm bullish on the business. It will grow from here. It will grow significantly from here. My beef is with the valuations. P/E's in 4 digits and in many cases infinity cannot be justified in my mind by growth that may be 100% this year, 60-70% next year, 40-50% the year after and something between 25-35% thereafter. Those in my mind are positive and bullish numbers, but do not support these stock prices. One thing that few, if any, share on this board is expectations for growth. The reason I believe they don't is because there is another rationale for these prices that has more to do with gambling, greater fool, etc., etc. than the underlying portal business. Anybody care to share expectations? We'll see. One more thing, with all this growth, don't you think others may soak it up? Don't you think more capital and more competition will enter this market if it grows? Remember, anybody can have a site. There are no limitations to space they way there was in the TV business wit the airwaves.