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

To: TFF who wrote (5028)	4/24/1998 6:11:00 PM
From: Jeff Jordan	Respond to of 9343

CS First Boston raised earnings per share estimates for Infoseek and CIBC Oppenheimer reiterated a buy on the stock. This is old news right! Friday April 24 5:15 PM ET Netscape To Renegotiate Search Engine Deals ZD Interactive Investor Netscape Communications Inc. chief executive Jim Barksdale said the company was renegotiating its four main search engine contracts that expire next week, Reuters reported. Yahoo! Inc. , Excite Inc., Lycos Inc. and Infoseek Corp. hold contracts with Netscape. The Mountainview, Calif.-based Web browser also provides the search engine for 12 million-member Internet service provider America Online Inc. Netscape has been struggling to redefine itself after its Web browser business is threatened by extinction from software giant Microsoft Corp.'s Internet Explorer, which is included with the ubiquitous Windows operating system package. The Department of Justice is now in court with Microsoft on antitrust allegations about Microsoft's inclusion of its browser on Windows. Netscape reversed course and gave away its browser two months ago after Explorer had devoured about half of Netscape's browser market share. Barksdale has been leading Netscape into offering its software to businesses to handle networking as its browser business may face a bleak future. The renegotiations of its search engine agreements is part of a broader restructuring as Netscape seeks more fertile ground outside the browser market. On Thursday, Netscape announced it will offer free electronic mail on its Web site through a partnership with closely held USA.net in an effort to get people onto its site. "So far we have mainly been a wholesaler and they were the retailer. What we are telling them now is that we want to become more of a retailer ourselves," Barksdale said. "We want to define a new type of partnership which I think is a good deal for both," added Barksdale. In related news, federal prosecutors are looking into Microsoft's alleged attempts at collusion, the Wall Street Journal Interactive reported, citing "people close to the case". Microsoft allegedly tried to eliminate Netscape from the browser market by attempting to persuade them to market their browser to only to non-Windows operating systems and to stay out of the Windows market. Department of Justice lawyers are investigating a 1995 meeting between both companies' executives, as a Microsoft spokesman denied the allegations.