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Technology Stocks : INFOSEEK (GO)
GO 11.15-1.8%Dec 8 3:59 PM EST
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To: D.J.Smyth who wrote (9231)7/13/1999 3:06:00 PM
From: SHGLaw   of 9343
 
You're sure they'll give information before the buyout? C'mon, have you been paying attention. They had the press release. Nothing. They held a conference call. Nada. They gave interviews and statements to the various media outlets. Not a word. Do your really think there's some great secret valuation here that will make everybody feel all warm and fuzzy that they just forgot to mention, or are holding in their back pocket while the price of seek stock tanks because of universal outrage at this deal?

Yesterday, you said that not everybody feels that this deal isn't good. While its true that not everybody agrees on anything, the stock price should be giving you a fair indication of the consensus.

And predictions of future greatness are something very familiar to all seek longs. We've been living on them forever. And seek has never failed to disappoint. But this is worse than disappointing. This is a smack in the head by Eisner, telling us that he out-finagled Motro and he's got us by the short hairs. Receiving 1.15 shares of 28% of a non-valued as yet non-existent entity at some point at least six months in the future which is already promoted as being a money loser for years into the future based upon the promise of synergy with dis assets that are already a part of go.com and have yet to show any impact favorable to seek should not satisfy you. It's a lousy deal, and hoping and wishing for the best is a poor way to invest.

SHG
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