Excite [XCIT], an exciting stock to own in 1999! Message Board

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Technology Stocks : Excite [XCIT], an exciting stock to own in 1999!

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To: Benny Freeman who wrote (915)	1/26/1998 2:18:00 PM
From: Keith J	Read Replies (1) of 3183

Just a little FYI from briefing: Infoseek Inc (SEEK) 11 1/2 +9/16: Internet search engine shares continue to rebound from Friday's sharp intraday sell-off, which was caused by news of SEEK's plan to sale an additional 2.5-3 mln shares. Assisting the recovery today is a BA Robertson Stephens upgrade from "market perform" to "long-term attractive." Relative to the other search engines, SEEK shares are, indeed, cheap. On a price/sales basis, SEEK trades at approx 13.26 (including anticipated dilution) vs 19.62 for Lycos and 43 for Yahoo!. However, the biggest value in this group is probably Excite, which carries a multiple of 11. (Not recommendations, simply observations). KJ

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