EquityMind - 3:12 am on Jan 2, 2003 (gmt 0)

You're absolutely right BT and to be bluntly honest, I have never seen the value of Yahoo! and always wondered what all of the buzz was about other than their being in the right place at the right time. Yahoo! has not bred any of their own technology and the majority of their usage has primarily been as a portal (email, directory) utilizing other technology company's search technology.

The market usually rewards innovation by applying valuations based on earnings multiples based upon classification i.e. a service based company might fetch a 4x to 5x earnings valuation whereas a true technology company earns many times that in their valuation simply because of the perceived asset and barrier to entry.

Google has all of the tools in place and it would not surprise me AT ALL that the day of the Google IPO that Google will have a greater market capitalization than Yahoo! (please mark this thread for future reference - I want to be the first to predict that).