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Technology Stocks : INFOSEEK (GO)
GO 10.19-0.1%12:06 PM EST
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To: tonto who wrote (8555)12/15/1998 10:21:00 PM
From: Mike Kwon  Read Replies (2) of 9343
 
Tonto: Losses? SEEK has losses? Who doesn't? Theres only a handful of net stocks that are profitable right now and even those profits are miniscule when compared to it's market cap. Even Yahoo's profits are nothing. But the biggest argument has to be AMZN. They are still unprofitable and do not expect profits for awhile. Still the valuation keeps rising. It's about marketshare. If Go Network is rated #1 by mediametrix then SEEK will be valued in the YHOO levels. Profits are good but not necassary for these absurd net valuations.
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