Netscape -- Giant Killer or Flash in the Pan? Message Board

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Technology Stocks : Netscape -- Giant Killer or Flash in the Pan?

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To: Steve Brandt who wrote (2828)	4/20/1998 7:55:00 AM
From: Mark A. Palma	Read Replies (1) of 4903

LOOK FOR NSCP TO POP TODAY!!!!! READ READ READ After the blazing run the past week Internet stocks drop today on profit taking led by the navigation stocks. We expect a pause for now as more earnings are released and therefore something more to value these on than great expectations. Of the group, however, we believe Netscape (NASDAQ:NSCP - news) may be severely undervalued. While we estimate its web site may be worth $700 million we are revising that estimate to the $1.5 billion range. Why? relative valuation is one factor. If Excite, Lycos and Infoseek are $1 billion plus market cap, Netscape -- which has a far better brand recognition than any of them, more Web users and more traffic -- and a browser share at 50% feeding its Web content and directory service, then it seems to us that it ought to command a slight premium at least to these lesser knowns.

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