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

To: Craig Rogers who wrote (2170)	1/29/1998 6:42:00 PM
From: OtherChap	Read Replies (1) \| Respond to of 9343

Secondary offering confirmed! I just got off the phone with infoseek investor relations (i can't recall the man's name at the moment) and he said that the 3 million shares are IN FACT a dilutive secondary offering. When I asked why they said it was from existing shares in their previous press release, he couldn't give me an answer. So folks, any day during the next 3 months Infoseek stock is going to be diluted by a little more than 10% with these new 3 million shares. Do you want to be stuck in a long position the day this happens? I now feel absolutely no guilt in holding my short position established today at 12 3/8. This thing may go all the way down to its 52 week low of 4. If we can't trust Infoseek's press releases to tell the truth, why should we trust them at all?