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

To: D.J.Smyth who wrote (9231)	7/13/1999 3:06:00 PM
From: SHGLaw	Respond to of 9343

You're sure they'll give information before the buyout? C'mon, have you been paying attention. They had the press release. Nothing. They held a conference call. Nada. They gave interviews and statements to the various media outlets. Not a word. Do your really think there's some great secret valuation here that will make everybody feel all warm and fuzzy that they just forgot to mention, or are holding in their back pocket while the price of seek stock tanks because of universal outrage at this deal? Yesterday, you said that not everybody feels that this deal isn't good. While its true that not everybody agrees on anything, the stock price should be giving you a fair indication of the consensus. And predictions of future greatness are something very familiar to all seek longs. We've been living on them forever. And seek has never failed to disappoint. But this is worse than disappointing. This is a smack in the head by Eisner, telling us that he out-finagled Motro and he's got us by the short hairs. Receiving 1.15 shares of 28% of a non-valued as yet non-existent entity at some point at least six months in the future which is already promoted as being a money loser for years into the future based upon the promise of synergy with dis assets that are already a part of go.com and have yet to show any impact favorable to seek should not satisfy you. It's a lousy deal, and hoping and wishing for the best is a poor way to invest. SHG

To: D.J.Smyth who wrote (9231)	7/13/1999 3:29:00 PM
From: RealMuLan	Read Replies (1) \| Respond to of 9343

Darrell: <<We know what the market has valued Seek shares at - at least before the deal. >> Seek was bet. $100 and $35 before this total buy-out announcement, so what do you think the fair value for SEEK should be? Apparently, Eisner thought the fair value was around $40, and that is why he said he already paid a premium. It beats me that why DIS paid $50 a share one year ago, and now only valued SEEK even less. <<look at China today. If Eisner had played this game right, he would have offered $65+ for Seek then turned around and made a bang up entry of Go.Com on the market with the addition of the Disney properties. >> Agree with you completely. But the way Eisner played the game now, Go.com might not even worth $40/share if the market tanks, or the bear market starts. So where does that place Seek? Maybe like DIS stock itself, lost 30% of its value year to year? I mean another 30% lower from $50s. This kind of merging/buy-out business is risky by default. If DIS does not want to take the heat, it should just leave SEEK alone. What DIS has done is a rip-off of the SEEK shareholders. One last thing, is there any successful tracking stock on the Wall Street? If there isn't, why should I believe DIS can create one? The company's own record proves otherwise.