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Technology Stocks : INFOSEEK (GO)
GO 9.540-0.1%Jan 9 9:30 AM EST

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To: RDR who wrote (8004)10/30/1998 10:40:00 AM
From: Rommy B.  Read Replies (1) of 9343
 
Ripu, I agree that the afternoon will probably look bleak for SEEK. We have to keep in mind that only a couple of weeks ago it was trading sub 20 and then it rallied very strongly in accord with earning anticipation. But earnings were nothing short of a disaster, especially when you compare SEEK to YHOO. Where can SEEK go from here, to 40? With these fundamentals? Not this quarter, I don't think so.
True, the market has been wild in the past few weeks and anything can happen--especially with internets--but once things calm down and the dust settles I think we'll find SEEK at 18 again.
What I really don't like is that the CEO comes out a week ago or so ago and says how SEEK is going to be the #1 portal; I mean, he had to know about the earnings, didn't he? To me that doesn't seem too ethical.
Best to all,
Rommy
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