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

To: David Rangel who wrote (3666)	4/15/1998 5:29:00 PM
From: William T. Katz	Read Replies (2) \| Respond to of 9343

Rumor of some takeover at $50 which sounds ludicrous. Why would anyone take over SEEK at 3x its price a week ago, and more than that multiple just short while ago when any rumored takeover talk would have begun. My view is that this is (1) pre-earnings run-up because people expect the same thing to happen to SEEK as YHOO after it reported good earnings, (2) short squeeze, (3) high volume is self-feeding frenzy. Infoseek is now over $1 billion market cap with no earnings and hardly the brand-name of a Yahoo! I expect some sort of initial bump-up tommorrow with a retraction like K-Tel, another big mover. I just got into short position at tail end of this run-up (avg position about 32.50) ... trying to decide whether to cover and the reshort or just stay with it. There is such a tremendous amount of hype and euphoria on SEEK threads that contrarian style dictates to stay with short. However big volume and momentum makes strong argument too.

To: David Rangel who wrote (3666)	4/15/1998 5:29:00 PM
From: cm	Read Replies (1) \| Respond to of 9343

The Takeover Saga... A while back, speculation was that SEEK, the perennial search engine laggard, was primed for a takeover. Some of that initial speculation centered around MSFT, I think. A Forbes article indicated it might be Time Warner. Which given the resume of SEEK's Motro seemed to make sense... in the way that these rumor memes have a way of making sense. More recently, the speculation has become generalized to include any media or entertainment (see DISNEY and DISNEY's button on SEEK's site) company, as well as... * The Paula Corbin Jones Defense Fund--which plays in both the media and entertainment categories... apparently. * The All-William (sic) Ginsburg-Network: a 24-hour business development channel for Monica Lewinsky's attorney. * The People's Court with the Hon. Ed Koch Presiding * Microsoft Vapidia: a delusional, but interesting spin-off of Microsoft that will presumably do everything, be everything, and feel everything so we won't have to do, be or feel any longer. * Martha Stewart, because several of her friends' children on Long Island are bored and need a "little search engine" to play with, preferably one in the new hot color "Milano Seaspray." * The inventor of that intermittent wiper thing-y. Hope this helps... Best Regards, c m