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


To: Tim Luke who wrote (5132)4/27/1998 10:02:00 AM
From: Smart Investor  Read Replies (2) | Respond to of 9343
 
Anybody has seen this:
"Netscape Communication Corp's (NCSP - news) Web site currently contains links to Yahoo, Excite, Lycos, Infoseek and
other search sites, in effect diverting millions of users to competitive sites. The company is now renegotiating those deals,
which expire in June.

For a company like Yahoo, which gets less than 10 percent of its audience from the Netscape link, the deal is probably not
critical. But for others, like Infoseek, which depends on Netscape for more than 25 percent of its audience, it could be."

This is really bad news. I guess I was kind of stupid picking up SEEK
last Friday. It is getting to the point that I want to dunp them to
limit the loss. It looks like that it will be a bloody day on Wall Street today.