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


To: Craig Rogers who wrote (1982)1/23/1998 4:12:00 PM
From: MGS  Respond to of 9343
 
I don't know why it isn't on the wires; I received a fax from BARS;
if you have a fax machine I can send it to you



To: Craig Rogers who wrote (1982)1/23/1998 4:22:00 PM
From: MGS  Read Replies (1) | Respond to of 9343
 
Here is an abstract:

SEEK: STRONG REVENUES POINT TOWARDS PROFITS. RAISING RATING TO LTA.

Keith Benjamin
January 23, 1998

ú Reported 4Q revenues of $12.5 million and a net loss of $0.15 per share, compared with estimates of $11.0 million and net loss of
$0.20.
ú Sponsorships, including commerce deals, accounted for approximately 12% of the total.
ú 4Q traffic reached an average of 12.5 million page views per day, up 25% from 10 million in Q3.
ú Company announces plan to raise capital by selling 2.5 to 3.0 million primary shares.
ú Expect proceeds will be used for further spending on marketing to build the brand.
ú Based on 2000 earnings estimates, we have a $20 price target for Infoseek.
ú We believe the company has demonstrated a path to profits and are raising our rating to Long-Term Attractive.