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

To: TFF who wrote (5051)	4/25/1998 11:48:00 AM
From: Narotham Reddy	Read Replies (3) \| Respond to of 9343

Another piece of SEEK news.. [I have a feeling this stock may not sit at the present price any longer. Quite a few are touting this stock]. april 25, 1998 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, which is trading at multiples that are 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.