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

To: Jonathan Brown who wrote (4996)	4/24/1998 1:41:00 PM
From: ViperChick Secret Agent 006.9	Read Replies (2) \| Respond to of 9343

Yes I have written Brad Dryer to ask him to get you off my back Your feelings about shorters are quite clear...an example .. this post before I even came to this thread. GET OFF MY BACK To: +Susan Slaine (3938 ) From: +Jonathan Brown Thursday, Apr 16 1998 6:33PM ET Reply # of 4997 Folks, I haven't witnessed as much chest thumbing and generally aggressive display since our village's auditions for a repertory production of "King Kong." My mouse finger is getting numb from reading all the know-it-alls. Can we please chill? Here is my opinion: the Web is putting Moore's law to shame. It is growing parabolically in weeks, kids, and it is worldwide. It is a business-to-business and consumer phenom. And we are only on the cusp of the shift to networks. It will involve not only commerce and advertising but your appliances. It's going to change going to school and shopping. Plus the technology is evolving at hyperspeed. And on top of it all, computers are getting cheaper and cheaper, and Windows 98 is coming out this summer. How do you think Microsoft is going to promote it? My guess is as a vehicle for getting on the Web. I see no point in arguing valuation. Shorts like jeremiads; longs like nitrous oxide. As for tomorrow, I have no idea. Of course high expectations are built into Excite's numbers. But sheesh, Excite is delivering over 200% growth, with confirmed contracts for the coming quarter in the tens of millions, or so I read. In fact, Excite beat the consensus by 7 cents, which is better than Yahoo did (the call on Yahoo was 4 cents; Yahoo brought in 8 cents). Is this really an occasion for rehashing the "but they're losing money" argument, to say nothing of the eternal tulips? Yipes, if I only had a share of SEEK for every time I've heard that--about DELL! This is how the market works. We are in a bull market, and the Internet is going to drive enormous growth in the entire economy. What do you expect, a price like that of GM? The big money isn't betting on tomorrow; it sees what's coming up, and the engines are in the middle of it all. I hate to sound messianic about this, but seems to me we're not quite ready to implode. I hope if I'm right it won't be too terrible a disappointment for the gleeful shorts, who are perhaps even more obnoxious than gleeful longs bragging about entry and exit points and how much they've made, since the shorts are trying to frighten people. You get the feeling they enjoy being right (even when the world hasn't realized it yet!) and other people's misery perhaps a little more than is healthy. Or is that a matter of taste? So be it. Sorry if I've offended.

To: Jonathan Brown who wrote (4996)	4/24/1998 3:59:00 PM
From: cm	Read Replies (1) \| Respond to of 9343

If This Red Herring Article Has Been Posted, My Apologies... It's been hard to get through the endless back-and-forth, parry-and-thrust that's dominated the thread today. So, again, if this article is old news, pardon me. But, I like Red Herring a lot... It covers the state of play of the NSCP negotiations. These negotiations, if successful from SEEK's standpoint, will make much of the short-term view... ALMOST irrelevant. I say, ALMOST... because we do have SUCH BEACONS OF WISDOM as Michael Murphy flapping his lips in a remarkable self-promotion exercise that rivals only Paula Jones and Lewinsky's attorney. (Not a slap against attorneys, I absolutely assure you...) Anyway, I will again remark that it was interesting to me that SEEK was NOT MENTIONED in the original "free e-mail" press release. Having on occasions been tasked with writing such releases for public companies in the midst of important negotiations, I recognize what MIGHT BE a bit of a feint... a sly little dodge... to hide what's behind the curtains. But, that's rank speculation on my part. ********** INFOSEEK HAS A BLOWOUT QUARTER By Peter D. Henig April 24, 1998 They must be doing something right down there at Infoseek (SEEK), because ever since Harry Motro took over as chief executive officer, the company has been blowing the doors off earnings expectations. Infoseek has just reported that revenues for the first quarter 1998 were $14.3 million, a 131 percent increase over revenues of $6.2 million a year ago. Although the company reported a net loss for the quarter of -0.05 per share, as compared with -0.16 a year ago, the Street should be pleasantly surprised as analysts were expecting a deeper loss of -0.10 per share, and Infoseek now appears to be on an accelerated path towards breakeven. As any investor can tell you, Infoseek has been on a roll. Widely regarded as one of the last remaining "undervalued" Internet stocks -- if such a thing exists -- the company has been making some smart strategic moves recently, including the acquisition of Webchat Broadcasting System, an online community of chat services, as well as marketing and promotions campaigns which have boosted pageviews 41 percent since December. But what's really captured our attention is Netscape's ( NSCP) recent moves to compete head-on with "Web portals" -- the search engines and directories that garner the biggest online audiences. At the same time, its traffic agreements with its search engine partners are expiring. A spokeswoman for Netscape would not comment on rumors that Infoseek might be its choice of search engine, either as a licensing agreement or as its primary partner, only stating that "we are currently in negotiations with all of our partners given that our current traffic agreements are expiring, and we hope to continue offering the availability of all of our partner's search engines." Market watchers say the fur is flying. "I've heard several rumors, actually," said Ryan Jacob, portfolio manager of the Internet Fund. "I've heard they might license it from someone else, or find a partner like Infoseek." Either way, Netscape has made it clear they would like to develop Netcenter into a primary entrance to the Web, although the company has not specified how its plans will play out among the search engines. A strategic deal with Netscape could vault Infoseek into the No. 2 position among search engines, second only to Yahoo, and would be a further boon to its stock. In after-hours trading on Thursday, which is cheap in comparison with Lycos (LCOS), Yahoo ( YHOO), and Excite (XCIT). Right now, lips are zipped around Infoseek and Netscape -- and at Hambrecht & Quist which is Netscape's investment banking firm. Are on-again, off-again plans to spin off Netcenter in an IPO putting H&Q into an SEC-mandated quiet period? The firm couldn't comment -- but we'll keep digging.