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Technology Stocks : INFOSEEK (GO) -- Ignore unavailable to you. Want to Upgrade?

To: cm who wrote (7527)	8/13/1998 5:03:00 PM
From: Jeff Jordan	Respond to of 9343

From my mail bag: SUNNYVALE, CALIFORNIA, U.S.A., 1998 AUG 12 (NB) -- By Bob Woods, Newsbytes. Internet search and portal concern Infoseek Corp. [NASDAQ:SEEK] will buy something that creeps and crawls, but it is definitely not a snake or spider. Infoseek said it signed an agreement to buy privately-held Quando Inc., a company that develops software that "crawls" the World Wide to build directories, for about $17 million in Infoseek common stock. With its crawling technology, Portland, Ore.-based Quando creates and licenses constantly-updated customized directories, including shopping guides, event guides, contact directories, audio clip libraries, review guides, and data for Web site rating guides. Infoseek will use the acquisition to go beyond Internet searching and categorizing to enter the world of e-commerce, company officials said. "E-commerce is a huge opportunity and key to our portal strategy," said Harry Motro, president and chief executive officer (CEO) of Infoseek. "Services that give consumers the comparative information they need will change the spending habits of the Internet consumer and set a new standard for comparative shopping." The buy will also let Infoseek offer localized content, such as events information, extensive venue information and business contacts, for its users. Quando's services will be integrated into Infoseek's Web site in the fourth calendar quarter of this year, company officials said. Infoseek's Quando deal, announced late Tuesday, came on the a very busy day for Internet portal concerns: Lycos announced that it was putting Yahoo in its sites with the acquisition of WhoWhere, and Netscape Communications signed a major deal with Citibank for the international banking concern to be the sponsor of Netscape's Netcenter Personal Finance Channel (Newsbytes, Aug. 11, 1998). Quando's Web site is at quando.com . Infoseek's site is located at infoseek.com . Reported By Newsbytes News Network: newsbytes.com .