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

To: Jeff Jordan who wrote (7561)	8/15/1998 7:34:00 PM
From: terri acey	Read Replies (1) \| Respond to of 9343

Infoseek mentioned in this month's Ragingbull Investor Report.....Came out today,,, "INFOSEEK GOES SHOPPING: What would a week in the Internet space be without at least one of the major search engines or should I say "portals" not announcing a major advertising agreement or announcing an acquisition. This week proved no different, as Lycos acquired search directory and free email provider WhoWhere? and Infoseek scooped up comparative technology provider Quando, both in all stock deals. Infoseek made their move on Tuesday by acquiring Quando, Inc. for $17 million in Infoseek stock. Basically, Quando provides much of the same comparison shopping technology as Junglee, which was recently acquired by Junglee. The only major difference, at least on the surface, appears to be that Amazon.com paid a combined $280 million for Junglee and PlanetAll while Infoseek came away only shelling out $17 million in stock. Infoseek has always seemed to be the most savvy of the portal bunch when it comes to spending and making acquisitions. While most portals were shelling out big bucks to acquire online community sites, Infoseek paid only $6.7 million in stock to acquire online community WBS.net. Sure, WBS.net wasn't as well known as a Tripod but eyeballs are eyeballs and under Infoseek's train of thought that's what really matters- pulling in sites and then marketing them under the Infoseek brand name umbrella. Well the same thinking goes for this deal- Junglee was a better known name online, but seriously folks- who cares if Quando was well known or not with consumers- it's the comparison shopping and event guide technology that Infoseek was really after. Infoseek has also been a laggard in offering local event guides to their users and Quando possesses technology called EventBot that helps deliver local content from multiple sources for the same event. All in all, it appears a smart deal for Infoseek and apparently investors agree. They drove up Infoseek's share price over 20% on Wednesday after digesting the news."