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

To: ViperChick Secret Agent 006.9 who wrote (5067)	4/25/1998 2:55:00 PM
From: Jorge	Respond to of 9343

Lisa...I think it's about time to go long on SEEK, right away if NSCP deal goes through.....later, if no hot NSCP deal - but there WILL be more in the pipeline...Motro says THIS Quarter.....Best of Trading George

To: ViperChick Secret Agent 006.9 who wrote (5067)	4/25/1998 3:16:00 PM
From: Ed	Read Replies (2) \| Respond to of 9343

I just can't understand why everyone assumes that SEEK will be the one that Netscape selects as the ONLY search engine. Also, why did almost everyone on this thread assume that the deal is done and SEEK was chosen? There are other search engines besides the four major ones. Why would Netscape want to take an equity stake in SEEK at the current prices? (The same question applies to other major search engines) The current issue of Business Week (p. 122) has a small write-up on search engines. Mike Murphy of California Technology Stock Letter suggests shorting all internet stocks, with search engines deserving "priority" status. He does not see Lycos, Infoseek and Excite catching up with Yahoo! (which is also overvalued according to Murphy). The following are his figures for Lycos, Excite and Infoseek: Stock 1999 P/E ----- -------- Lycos 364 Infoseek 117 Excite 71 From the above numbers, Excite appears to be the "cheapest". "Infoseek is a third-tier search engine that's losing even more than Lycos, notes Murphy. He recommends shorting the stock - now at 32 5/8 - anywhere above 20, for a target of 14. He expects it will earn 28c in 1999" Even if Netscape chooses Infoseek (which is a possibility, since Infoseek appears to be the most widely used search engine on Netscape site), what is the market goes down for the next couple of weeks or longer? All internet stocks will decline. Last Friday, Infoseek went up because of the smaller than expected loses, not because it's such a great stock. How can a company that is losing money and has revenues of under $50 mil be valued at about $1 billion? The internet is BIG, and it is growing, but it's not big enough for the four major search engines and countless minor ones. Ed