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Technology Stocks : INFOSEEK (GO)

GO 9.790

+4.0%

3:59 PM EST

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To: cm who wrote (6308)	5/31/1998 11:49:00 PM
From: Michael Young	Read Replies (2) of 9343

<<And, FWIW, I guess Zack's rating is just some sort of conspiracy of investment bankers, etc. >> Investment bankers are motivated by investment banking fees. I'm sure you have noticed the flood of SPO announcements from internet companies recently. For instance, LCOS announced a 3 million share offering recently. I'm sure the investment bankers will all put out "buy" recommendations on the stock. But it probably won't help now that reality is hitting the sector. I will give SEEK management credit for getting their secondary done already. It was at a lower price, but it least it was successfully completed. I get the feeling the investment bankers and insiders won't be able to complete this current wave of offerings before investors start saying "no mas" to this group. MIKE

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