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Technology Stocks : INFOSEEK (GO)
GO 10.26+0.5%Dec 24 12:59 PM EST
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To: Tradewell who wrote (8132)11/7/1998 3:12:00 PM
From: Pullin-GS  Read Replies (3) of 9343
 
Just posting the facts:
"Infoseek Third Quarter Loss Larger Than Forecasts"
dailynews.yahoo.com

And the page-hit gap percentages continue to decline relative to other sites:
"Infoseek's traffic [21 million page views], however, remains well below that on the leading Internet sites like Yahoo , which averaged 144 million page views per day in September, or Excite Inc (Nasdaq:XCIT - news) , which averaged 50 million."

It matters not what I or anyone else says or thinks, for Wall Street has already spoken:
Day of earnings (October 30th): SEEK closes @33 1/4
On Friday SEEK closed @33 15/16.
A whopping 2.2% increase....post earnings....
That isnt even keeping up with market increases since then.

On the other hand lets look at YHOO:
Oct. 30th closed @130 3/4
On Friday close it was 153 1/2...
Thats over 17% appreciationg...not bad for a bloated pig of a stock in the same sector as SEEK

Lets look at AMZN: Its up about 5%.
And XCIT? Its up about 6%.
EGRP? Is up about 30%.

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