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

To: TFF who wrote (5953)	5/8/1998 9:11:00 AM
From: purecntry5	Read Replies (1) \| Respond to of 9343

Where would we be without our unconditional morning SEEK gap up? Its getting kinda obvious as to whats going on here... €á

To: TFF who wrote (5953)	5/8/1998 9:35:00 AM
From: Jonathan Brown	Read Replies (2) \| Respond to of 9343

Briefing.com Story Stocks: INFOSEEK CORP. (SEEK) 30 7/16 CLOSED. Internet search engine is expected to enter into an agreement with AT&T (T 57 7/8) for new Internet-based consumer communications services, similar to the deals that this telecommunications company has entered into with Lycos Inc. (LCOS 61 9/16) and Excite Inc. (XCIT 66 3/8). Like the previous two deals, Infoseek and AT&T are expected to develop new multi-media applications that will combine among other things voice-enabled chat functions, and point-and-click directories and co-brand their services. While this deal which is expected to be announce some time soon, according to the Wall Street Journal, will be a plus for the stock, if history is any measure of success, the upward price movement will be short-lived as investors become de-synthesized to these combined service offerings. If anything, these deals are meant to counter the arrangements that Yahoo! Inc. (YHOO 115 3/16) and MCI Corp. (MCIC 49 7/16), and Cnet Inc. (CNWK 38) and Sprint Corp. (FON 67) have entered into. While search engines are receiving payment from the phone companies to gain access to a certain customer base, they are quickly turning around and spending the cash on building greater infrastructure or building relationships with software companies to enhance search functions. hence, the deal that Infoseek is expected to sign with AT&T will be viewed constructively by investors, but like the others, the price gains are not expected to last long. Also check out Business Week, which is running a story on the rush for Web portals. Another story offers historical comparisons to argue that the market's P/E is not so high as the present number might suggest when low inflation is taken into account. And the cover story on Japan's debt makes me wonder how the Fed will raise interest rates with the yen continually losing ground and its nonsalutary effect on Asia. Abelson of Barron's may have gotten it right when he suggested targeting marginability rather than interest rates, since from an international perspective, I gather a cause of concern is flight of capital from Japan to the U.S. market. My conclusion: go have a muffin. Have a good day, y'all. J