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


To: Craig Rogers who wrote (2399)2/13/1998 10:55:00 PM
From: OD Bobo  Respond to of 9343
 
Would anyone here mind explaining what the potential benefits and/or downside of this offering is? From my limited knowledge, the main thing I see is the company selling shares. This news seems to have generated some interest, but is there a fundamental argument that shows how this will help the stock price?

Thank you all in advance for your insight. I appreciate the help.

By the way, I was in SEEK towards the end of last year at 8.75, watched it go up to 14 where I was expecting a bigger run (as the other engines had), and then when it dipped below 10 I got out for a small profit. I've been watching since, pondering the re-entry.



To: Craig Rogers who wrote (2399)2/14/1998 10:10:00 AM
From: TLindt  Respond to of 9343
 
>>>Here's the 3 mill offering announcement which came out at 8:30. I wonder why so late. Note the price of 13.44. It traded higher all day. Any comments?

One......that announcement made the Dow Jones News Service 25 and 1/2 hours before Yahoo! put it up.