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Technology Stocks : INFOSEEK (GO)

GO 11.08

-1.4%

2:33 PM EST

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To: Tom Klempay who wrote (7540)	8/13/1998 1:14:00 PM
From: Robert Pope	Read Replies (2) of 9343

Seen this? From Steve Harmon (and Robert Pope): Sorry if you've already seen this.... >> Biggest undervalued in our opinion vs. the group continues to be Infoseek (NASDAQ:SEEK - news) at -44% below the water mark. If Wall Street believed that Infoseek and Disney could be a good match and held SEEK at the peer level it implies a $1.6 billion firm. SEEK hummed along at $893 million, itself a 22% pop on news of its new shopper wizard. << Nice jump yesterday...more respect. Although I think Wall St. is valuing with after-deal 78% more fully diluted shares outstanding. Based on that roughly $890M+78%= $1.58 Bil. So......(still room to crack $2.5 Bil.+, IMHO.) Harmon goes on: >> When the new Disney-Infoseek portals and other Web efforts start to emerge we expect SEEK to start getting some respect. A combined DisneySeek Web valuation in our minds ought to approach Excite-like levels in value per user. Wall Street continues to look at SEEK in the rear-view mirror. Yes, it's technology-centric. But Disney isn't. The real question--can Infoseek let Disney make the magic happen, unleash the beast in the Mouse? When Microsoft debuts its all-in-one front door MSN.com/Start/CarPoint/Expedia the game will get more expensive and who has the deep pockets in the group? Yahoo-Softbank and Disney-Infoseek. The others await big media bucks to up the ante. << Fwiw, well-stated case for us SEEK longs. Still expecting some good movement before x-mas. Infowave? Starseek?

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