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

To: Jorcas who wrote (1032)	10/23/1997 10:58:00 PM
From: Anthony Ostroski	Respond to of 9343

I am looking to the future not the past. They are # 2 in workplace viewing. They aren't going away unless they are purchased. The announcements just started >>>>>>>>>>>>>>>GO SEEK

To: Jorcas who wrote (1032)	10/24/1997 1:00:00 AM
From: Schiz	Respond to of 9343

SEEk's revs were a lot more than 25%, it was actually over 50%. I agree that earnings were basically pitiful. I haven't sold recently and don't intend to but the only possible good news contained in the release is the page views and thats only if the page views are increasing at a higher rate than the others(I'll look into this tomorrow). To say seek is a copy of xcit because it follows the same general concept and the start page looks similar is very shallow. There is a lot more to it than how it looks (although look and feel is important). Deals are important but viewership is the real issue(long term, short term deals are very important). If you have enough page views and you can direct the advertising in a meaningul way (channels) the deals will come. Infoseek has directed certain ads based on the search string and it seems that was no the right way to go. Now they will use channels maybe that's the right way to go. That's just the start, if you set up channels but your site sucks you're not going to be able to attract new users much less keep the ones you already have. One thing I found somewhat interesting, maybe even encouraging is the ultraseek sales. Last quarter it was 6% of overall revenue, this quarter it was 10% that's almost double with almost no overall revenue increase. The revenue increase since last quarter was pitiful and the fact that they only beat earnings by .01 is also pitiful. The stock didn't gain 150% because everyone thought they were going to make the estimated numbers. They thought they would blow them away. Yhoo and xcit both beat estimates by a pretty large amount (depending on how you look at it) and both are a considerable amount below what they were at announcement time. There are alot of other factors involved and I don't have time to go into them now. The one thing that helps seek a little is the valuation but the valuation is not nearly as cheap as it was 6 weeks ago, seek at 15 is worth more than lcos or xcit (I think). There are really 3 things to look at in this release. Page views, revenue and earnings. Page views I still have to look into but I think that was pretty decent. Revenue and earnings both sucked. Therefore I think we will see the stock go down tomorrow (I'm really bad at estimating short term stock directions though). The one thing that might help us a little is the new format (and imo seek has certain advantages in delivering the information). I could ramble on for days but I will give everyone a break and cut it short. I really like seek alot (oops I might have fell in love) but I have to agree with tlint and the others that the announcement was really pretty bad. Maybe there are more announcements to be made (still wondering what constitutes a series). As horrible as I am at picking short term stock direction I will take a stab at it. It opens around 10 hits a low near 9 and closes in the low 10's. The scary thing for me is with all the volume we've seen in the past 2 months there have to be alot of traders in this stock. If they all dump tomorrow it could get real ugly. Although if there are enough people in for the long term that appreciate seek for what it is perhaps it won't get hurt too bad. I hope I'm wrong about tomorrow but even if I am right I thing there's a very good chance it will be back over 14 within the next month or 2. GO SEEK