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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Market Tracker who wrote (10257)	6/18/1998 11:52:00 AM
From: Dale Baker	Read Replies (1) \| Respond to of 18691

No one seems to know yet what this deal is really worth, it's just driving the other Internet stocks crazy. I'm skeptical that these "portals" which the media biggies are buying now will still be the great gateways to the Web in five years. Only AOL has a solid subscriber base, and YHOO draws lots of traffic. But the others are fairly replacable. I think the top execs at DIS, NBC and others are just throwing money at the situation without much of a clue what they are buying into or why.

To: Market Tracker who wrote (10257)	6/18/1998 1:49:00 PM
From: Ed Zhao	Respond to of 18691

Re: DIS to buy 43% stake in SEEK - What exactly happened was: "SEEK acquired privately owned Starwave for 25 million shares of SEEK stock, valued at $850 billion." Then there's two possible cases behind the deal: 1. Starwave fits SEEK's need, and SEEK paid a premium in acquiring the company. Disney happened to be the ownner of Starwave Corp. or 2. Starwave does not fit SEEK's business strategy very well but they bought it anyway to get a correction with Disney. I think two is a better explanation. XZ