You are wrong. I posted a respected firms comments released today.
Robertson Stevens finds SEEK unattractive.
December 18, 1999
We continue to find the Infoseek stock unattractive for public
shareholders. The stock is trading near the price of $50, where Disney can exercise warrants to own 50.1% of Infoseek. If it were to make a bid for the rest, we doubt it would face any competition, suggesting no need to pay much of a premium. Thus, if GO works, it seems unlikely to us that public shareholders will see much stock upside. In the meantime, Infoseek owes Disney $139 million as part of Disney's purchase of a 43% stake in Infoseek.
BancBoston Robertson Stephens maintains a market in the shares of
Amazon.com, CMG Information Services, CNET, Dialog, Digital River, DoubleClick, Ebay, Inc., E*Trade, Excite, Gemstar, Getty, Infoseek, Lycos, Microsoft, NetGravity, Netscape, Network Solutions, NewsEdge, N2K, Onsale, Preview Travel, SportsLine USA, Yahoo! and has been a managing or comanaging underwriter for or has privately
placed securities of Digital River, Ebay, Inc., E*Trade, Excite, Onsale, and SportsLine USA within the past three years.
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