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


To: Bruce Cullen who wrote (2007)1/25/1998 2:05:00 PM
From: OtherChap  Read Replies (1) | Respond to of 9343
 
>lets try to figure out the future for SEEK.

here's the near-term future, guaranteed. SEEK doesnt
give a rats ass about the public shareholders. someone
previously stated that the CFO "doesnt care about the stock
price"

obviously they have no big "deals" in the works or they
wouldnt have to raise cash by selling shares. BTW- what
kind of idiot runs the PR department? Why did they issue
a press release about those 3 million shares? Why didn't
they just file the SEC forms quietly like everyone else
does? Are they TRYING to scare away investors?

this stock will hit 8 within the next few weeks, if
management doesnt announce any new deals. their conference
call was pathetic. everyone was reading from a script,
and they sounded like bad actors.

the only salvation for shareholders is if someone buys
the company outright.

and you know the general market is going to tank next
week anyway- looks like clinton is going to resign in
shame. just another excuse to dump SEEK shares.



To: Bruce Cullen who wrote (2007)1/25/1998 8:44:00 PM
From: Mongo2116  Respond to of 9343
 
I think (after fuming for two days) that it took balls for them to announce their share offering with such good news otherwise. It shows that they are in this for the long term. As for them not caring about shareholder value, let's hope that they are more concerned with running the company and the value will follow. Most of the anti-seek feeling on the board is just frustration at some of the bewildering moves they make or DON'T make.