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Politics : Formerly About Applied Materials

AMAT 223.31

-3.2%

Nov 13 3:59 PM EST

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To: Gottfried who wrote (22137)	7/24/1998 12:43:00 PM
From: Teri Skogerboe	Read Replies (1) of 70976

Gottfried, OT/OT I'm happy to hear you have a better understanding of Dr. Yardeni now. I've been meaning to visit his website, but haven't yet. Thank you for the interesting article on the "brave new world" of internet commerce. I think internet commerce is a great thing. My only hang-up is the valuation levels (not that anyone else cares about these). I read a couple of days ago that Disney paid $11/sh for their piece of SEEK, significantly below the price it trades at on the open market. This is an excerpt from the article you linked, In June, Disney paid the equivalent of $465 million for 43% of the Internet gateway firm Infoseek, and AT&T bought Tele-Communications, Inc., in large part to beef up its Internet infrastructure. You notice it doesn't mention the $11/sh tidbit. Teri

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