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Technology Stocks : Excite [XCIT], an exciting stock to own in 1999! -- Ignore unavailable to you. Want to Upgrade?

To: janet kuhnert who wrote (964)	2/2/1998 7:45:00 PM
From: TLindt	Respond to of 3183

If you guys want the other half of what you don't see. Might I suggest that you hook up to Intuits' Investor Insight... investorinsight.com Article follows.....for as much money as you are making $9.95 a month is cheap. Intuit holds 2.9M shares of this bad dog BTW. So did they make 10M today or what? Darn close....7 months ago they spent 40M on their shares........25% a Day SMOKe'N ----------------------------------------------------------------------------------------- Excite Up 10%; Company Seen As Undervalued By Nicole Ridgway NEW YORK (Dow Jones)--Excite Inc.'s (XCIT) shares set a second straight 52-week high Monday on investor belief that the stock is undervalued, analysts and the company said. Andrea Williams, an analyst at Volpe Brown Whelan, said Excite's market share in the search-engine business is second to competitor Yahoo! Inc.'s (YHOO), but the shares trade at a "tremendous discount" to both Yahoo and Lycos Inc. (LCOS). Williams said Excite is being "punished for not being profitable" in the past. Nesbitt Burns Securities Inc. analyst Abhishek Gami agreed that Excite has been trading at a discount because of losses it reported in previous quarters. But Gami added that the growing sub-$1,000 personal-computer market has increased the number of consumers using search engines. Gami said Yahoo's and Lycos' recent strong performances had made it more likely that companies such as Excite could also be profitable. In January, after Excite reported fourth-quarter results and announced its planned acquisition of MatchLogic, Gami raised his 12-month price target to $56 from $43. The MatchLogic acquisition should increase Excite's performance over the next one to two years, Gami said. Williams, who expects Excite to turn profitable in the third quarter, said the company is investing now and forsaking profits in the near term for greater opportunity later. Greg Klaban, Excite's vice president for investor relations, said, "The valuation of Excite is low." He said the Matchlogic acquisition will offer new advertising services to Excite customers and noted that the company is in a partnership with Prodigy Inc. Klaban said the company is comfortable with a break-even estimate for the third quarter and with analysts' estimates for 1998. He declined to comment on the first and second quarters of 1998. A First Call survey of 10 analysts yielded a consensus earnings estimate of 4 cents a share for the third quarter and a loss estimate of 33 cents for 1998. In the 1997 third quarter, the company reported an operating loss of 23 cents a share; for the full year, it had an operating loss of 22 cents. Excite's shares rose 4 1/8 to 46 7/8 on Nasdaq volume of 1.4 million, compared with average daily volume of 590,400. The shares traded as high as 48, passing the 52-week high of 43 1/8 set Friday. Lycos's stock rose 2 13/16, or 7.4%, to 41, and Yahoo shares rose 2 5/8, or 4.1%, to 66 in Monday's strong market. -Nicole Ridgway; 201-938-5388 "Dow Jones News Service" "Copyright(c) 1998, Dow Jones & Company, Inc."

To: janet kuhnert who wrote (964)	2/2/1998 7:56:00 PM
From: AugustWest	Read Replies (1) \| Respond to of 3183

janet, are you refering to the one about 2-3 weeks ago or there abouts? Or is this a new one I haven't read yet? The one I read said it was some 65% undervalued.This came out when it was in the $32 range. For a number of days after that article, the stock just stood letting anyone in who cared to be. Then, it rocketed. I'm not doing a calculator, but wouldn't 65%of 30 be like $50+? I'd say to hold on and see where the stock goes...A.W.