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To: craig crawford who wrote (11326)	6/23/1998 6:48:00 PM
From: Brooks Jackson	Read Replies (3) \| Respond to of 27307

>> Look what is happening to seek after a deal with Disney << Let me get this straight: Disney buys 43% of SEEK for a per-share price that is about one-half to one-quarter market value, depending on which analyst you believe. The market runs SEEK to $40 a share before it figures out that Disney is getting a huge discount, NOT paying a premium. Then SEEK sinks to below where it was before the deal was anticipated, despite a rising overall market, as reality slowly sinks in. Meanwhile, other 'net stocks are run up to record levels in anticipation of getting a similar great deal. What am I missing? Oh yes, I left out that Disney passed up other 'net stocks as too pricey. And now they're even more so.