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Technology Stocks : INFOSEEK (GO)
GO 11.15-1.8%3:59 PM EST

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To: SHGLaw who wrote (9237)7/13/1999 4:21:00 PM
From: RealMuLan   of 9343
 
Wonder how Eisner value SEEK?
<<In a telephone interview, Disney chairman Michael Eisner called the Disney brand name the "lifeblood" of the global entertainment empire and said creation of Go.com would give investors a role in deploying that "critical asset" to the Internet.

He noted that the stock market had already boosted Infoseek shares after Disney officials disclosed three weeks ago that they were contemplating the move. "This may be buy on the rumor and sell on the business," he said. "We are benchmarking it [Infoseek stock] at $38 a share. I think it will become clearer and clearer as time goes by how reasonable this deal is."
>>
washingtonpost.com

He was robbing people while their houses were on fire.
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