This isn't really a question concerning 'desktop computers' is it?
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I don't use inline but shouldn't it be something like:
<p style="color: white; link:color: #FFFF00; font-family:Times New Roman; font-size:medium;">THE STUFF YOU WANT TO FORMAT</p>
It is preferable to use a style sheet and be sparing about using inline. You can break the lines per your version rather than one line.
Edit: I don't think you can put the link style in paragraph code:
<p style="color: white;
font-family:Times New Roman;
font-size:medium;">
THE STUFF YOU WANT TO FORMAT
</p>
Below is some revised code to show how to mix it up (the links won't be effective with this size of page):
<body bgcolor="#000000">
<a name="topofpage"></a>
<p style="color:yellow; font-family:Times New Roman; font-size:medium;">
THE STUFF YOU WANT TO FORMAT<br>
<a style="color: red" href="#topofpage">To the TOP OF PAGE</a><br>
<a style="color:#FFFFFF; font-family:Arial; font-size:small" href="#bottomofpage">To the BOTTOM OF PAGE</a><br>
MORE STUFF you want to format
</p>
<a name="bottomofpage"></a>
</body>