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Strategies & Market Trends : e-Commerce the Next 100 Months...... -- Ignore unavailable to you. Want to Upgrade?

To: jjs_ynot who wrote (1103)	6/7/1998 12:32:00 PM
From: cm	Read Replies (1) \| Respond to of 2882

Dave, Let Me Be Clear... I'm positive on SEEK. I've stocked up again... as of Friday. And will get some calls on Monday. The Market? I'm not so sure. But, back to SEEK for a moment... Buried in an XCIT news release was word from SEEK's marketing director that they will be announcing a Japanese deal soon. SEEK's been AWFULLY quiet recently, though. In hindsight, I think some of their early-year SPO move was motivated by the desire to have a war chest ready for the NSCP renegotiation. This was GOING to be their BIG DEAL. And it DIDN'T happen. (Oh yeah, they got a little part of that deal...) SEEK walked away from the table... apparently because of something that Barksdale said or did. So, for another quarter, SEEK's been sitting on (by my math) at least $30 million dollars. Maybe more. SEEK will benefit from the next round of earnings speculation... so to be in now at these levels... seems to make sense to me. Best Regards, c m