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Technology Stocks : INFOSEEK (GO) -- Ignore unavailable to you. Want to Upgrade?

To: $Mogul who wrote (9190)	7/2/1999 4:10:00 PM
From: Hyperpy	Respond to of 9343

You better be right, my mother-in-law will kill me if you are wrong. HV a great 4TH. viva USA

To: $Mogul who wrote (9190)	7/2/1999 6:06:00 PM
From: RealMuLan	Read Replies (1) \| Respond to of 9343

Technology News Fri, 02 Jul 1999, 6:02pm EDT Infoseek Shares Rise on Optimism That Disney Will Buy Remaining Stake By Mylene Mangalindan Infoseek Shares Rise on Optimism About Disney Web Transaction Sunnyvale, California, July 2 (Bloomberg) - Infoseek Corp. shares rose 11 percent on optimism that Walt Disney Co. will buy the remaining portion of the No. 4 Internet search service that it doesn't own. Infoseek rose 5 1/2 to 55 7/8 in trading of 4 million shares, nearly double its three-month daily average. Burbank, California-based Disney said last month it is in talks to buy the 57 percent of Sunnyvale, California-based Infoseek that it doesn't already own. Infoseek shares surged after financial commentator Dan Dorfman said Disney is still looking at Infoseek and a transaction could come as early as next week. ''This is about the future of Walt Disney,'' said Stewart Halpern, analyst at ING Barings. ''Being able to more easily compete for acquisitions as the Internet world consolidates is something of strategic importance.'' Disney shares fell 1/2 to 28 1/2 in trading of 11.6 million, making it the 8th-most active stock in U.S. trading. Calls to Infoseek weren't immediately returned. Disney declined to comment. Analysts have said that Disney will be able to determine its future on the Internet better if it has complete control of Infoseek, with which it shares a joint venture called the Go Network. Go Network offers features to search the Internet and entertainment, sports, news and other Web sites. quote.bloomberg.com