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Technology Stocks : Netscape -- Giant Killer or Flash in the Pan? -- Ignore unavailable to you. Want to Upgrade?

To: Ted Shelton who wrote (3468)	6/18/1998 12:11:00 PM
From: Ted Shelton	Read Replies (2) \| Respond to of 4903

Target for Seek Based on Excite's current market cap and audience share, and based on the combined audience share of SEEK plus Starwave (Disney) -- which puts them in the same neighborhood -- SEEK should have a share price of $53 -- if it were valued at the same multiplier as XCIT. This doesn't count the cash infusion of $70 M (remember Excite is out of money and ou raising a new round) and the commitment to spend $165 M to build audience. I'd say SEEK is a value stock at this price. This can only help NSCP (there, I kept it topical :-) )