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To: Brooks Jackson who wrote (11327)	6/23/1998 6:55:00 PM
From: Bill Harmond	Read Replies (3) \| Respond to of 27307

>>What am I missing? I think your missing that Yahoo doesn't have Infoseek's management or market position.

To: Brooks Jackson who wrote (11327)	6/24/1998 8:27:00 PM
From: J.S.	Respond to of 27307

Brooks, I have been following this situation with great dismay. You are absolutely right. On the AOL board we have been discussing the irresponsible press articles that fuel this speculative mania. Each day I have posted "the irresponsible internet article of the day". Yesterday, my entry was an article that hyped the so called deals and offered the criticism you just made, albeit less eloquently. Journalists and their sponsors should be required to disclose any potential conflict of interest in these situations. Take Care, Joe

To: Brooks Jackson who wrote (11327)	6/24/1998 8:48:00 PM
From: J.S.	Read Replies (1) \| Respond to of 27307

irresponsible internet article of the month Here is my entry: fnews.yahoo.com Here Harmon points out that on a straightforward calculation Disney appears to have gotten its share of SEEK at a big discount to the market. He then goes on to claim that the combined company should really be worth 1.7 Billion with no quantitative analysis, this coming seemingly out of the blue. He then claims that this values SEEK at over $50/share. It seems he forgot to add the 25.8 Million shares that Disney received. When one combines bad premises with invalid inferences (arithmetic errors no less) one creates a mess so outrageous that to argue against it puts one in the same position as those who said that the emperor had no clothes. Perhaps financial authors should have their articles vetted by sixth graders! Later, Joe