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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 (1218)	6/29/1998 9:01:00 PM
From: cm	Read Replies (1) \| Respond to of 2882

I Like OZEMY A Lot... Almost Took A Flyer On Them About... Four months ago. Kind've wish I had now. Also, wanted to throw this CBS Marketwatch summary of XCIT's busy day out there... Note the little slam against the DIS/SEEK deal. Though I don't think XCIT showed a "strong hand" in its negotations with NSCP. ******* Excite Looks to Hollywood for Help In the wake of competitor online service Infoseek (SEEK) partnering with the Walt Disney Co. (DIS), Excite (XCIT) made a move Monday to add to its board the counsel and advice of one of tinsel town's top deal makers, Jeffrey Berg. He is chair and chief executive officer of International Creative Management, a talent and literary agency representing clients in the fields of publishing, motion pictures, television, music, theater, and news and public affairs. Berg's involvement with Excite is seen as a clear sign that "ours is a consumer mass media type of business," said Excite's senior vice president and c0founder, Joe Kraus. "It may not have seemed that way a year and a half ago," he told CBS.MarketWatch.com, "but now 3 million people a day visit our site, which is more than get The Wall Street Journal. Twenty million unique visitors come to Excite each month. " Kraus said Excite is becoming a mass consumer business, too. "One big part of that is understanding how the mass consumer uses media and interacts with creative talent. Berg will be able to give us lessons on how to grow." Kraus gave no indication that the addition of Berg to the company's board was in reaction to the recent other media companies' moves online, including the Infoseek/Disney deal and NBC's purchase of an interest in CNet (CNWK). "Excite is in a strong position," Kraus said. "Perhaps a company like Infoseek needed a deal like that. We are fortunate enough to be able to hold our cards and make deals that make sense." In stock trading Monday, shares of Excite gained 9 7/8, or 13 percent, to close at 85 7/8 after the company announced a two-for-one stock split effective July 6. Shares of other search engines also rose. Lycos (LCOS) gained 7 7/8 to 74 3/8; Yahoo, 5 3/4 to 154 7/16, and Infoseek, 1 11/16 to 35 7/16.