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

To: Roader who wrote (21846)	5/23/1999 2:33:00 AM
From: Tae Spam Kim	Read Replies (1) \| Respond to of 27307

The recent deals raise a lot of questions of internut valuations. Basically companies like Yahoo and Amazon.com can throw around hundreds of millions and billions as if it was chump change because of their high market capitalizations. Moreover because of the amazing retail demand for quality brand names, the investment banks can basically value a company like eToys at any price they choose. No matter what they value the company, the stock is bound to triple after the IPO. Welcome to Internut mania. Not only did Yahoo (YHOO) toss out $5-6 billion each for GeoCities (GCTY) and Broadcast.com (BCST) as if it were pocket-change, but now Healtheon (HLTH), a money losing-online health services play, has bought the privately held WebMD -- with a run rate of less than $100,000 no less -- for $5.5 billion. Furthermore, Internet IPOs are reaching billion dollar first day valuations with ease. TheStreet.com (TSCM) just debuted to a $1.5 billion market capitalization on its first day of trading. Online auction firm uBid (UBID) was spun out of brick-and mortar company, Creative Computer (MALL), and suddenly the combined valuation of the two rose to $2.5 billion from just $100 million pre-uBid's IPO. And even eToys (ETYS), the IPO market's latest and greatest, surged so high on its public debut, that it quickly overtook its offline rival,Toys R Us (TOY), with a healthy $7.4 billion valuation. - RedHerring