INFOSEEK (GO) Message Board

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Technology Stocks : INFOSEEK (GO)

GO 11.16

0.0%

12:42 PM EST

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To: sydney who wrote (9154)	6/9/1999 12:47:00 AM
From: charger	of 9343

What the hell happened to this board? Is all the negativity a result of the severe grinding from 95 to 35? This stock has gotten so crushed that nobody can believe the move. Fact is, SEEK is undervalued compared to its peers based on revenues alone, and I see fair value at 60-70...conservative. If the market wasn't taking it on the chin due to interest rates, I'm sure the cheerleaders would be out in force. Funny how things change... DIS would have declined on a day like today anyway. I'm surprised it wasn't worse under the circumstances, and one could argue the price action represents a positive nod from the market. DIS is attempting to add value to its stock by wrapping up a portal in a pretty Disney package and spin it off as a tracking stock. Now that they have their foot in it, they're committed and cannot look back. They have chosen to build the core around SEEK, and now it will cost them a bit...nothing DIS can't afford. The new entity will be HUGE.

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