To: saulmon who wrote (21797 ) 1/12/1999 8:53:00 AM From: j g cordes Respond to of 120523
saulmon.. regarding your post earnings on Yahoo internet selling ideas, this might help you from Bloomberg yesterday. IF there's skepticism worth selling you might try SEEK, however the internets have been like tornadoes to the upside so watch out... there are more sure plays out there. "New York, Jan. 11 (Bloomberg) -- Walt Disney Co., the world's No. 2 media company, and No. 4 Internet directory Infoseek Inc. will unveil their Go Network Web site tomorrow as the companies seek to attract more consumers and revenue online. The companies have been working on Go Network since June, when Disney agreed to buy 43 percent of Infoseek in exchange for $70 million in cash and its majority stake in Web site designer Starwave Corp. Go Network offers many features similar to other Internet search directories, such as free e-mail and stock quotes, and has been in preview for about a month. Even though it offers a few features that are different from those of rivals such as No. 1 Internet directory Yahoo! Inc., some are skeptical that Disney and Infoseek will be able to persuade consumers to use the site. ''The amount of money they'll have to spend to get to the level of (brand awareness) of Lycos or Yahoo is tremendous,'' said Ryan Jacob, portfolio manager of the Internet Fund, a New York-based mutual fund. Infoseek shares soared 65 percent in late trading, rising 35 7/8 to 91. Disney shares rose 2 13/16 to 35 3/8. The test version of Go Network offers features such as ''follow-me tabs''that get Internet users quickly jump between Web pages. On other sites, Internet users often have to back out from a page to return to a previous page. The network also integrates Disney's online properties such as ABC news, ESPN sports news and Disney Online Web sites. Disney Chief Executive Michael Eisner and Infoseek CEO Harry Motro will formally unveil the Go Network tomorrow in New York at ABC's studios. The network is available at www.go.com. 15:58:53 01/11/1999 Any redistribution of Bloomberg content, including by framing or similar means, is expressly prohibited without the prior written consent of Bloomberg L.P. Any reference to the material must be properly attributed to Bloomberg News The information herein was obtained from sources which Bloomberg L.P. and its suppliers believe reliable, but they do not guarantee its accuracy. Neither the information, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any securities or commodities.(C) Copyright 1999" Bloomberg L.P. BLOOMBERG, Bloomberg News, Bloomberg Financial Markets, Bloomberg Television, Bloomberg News Radio are trademarks, tradenames and service marks of Bloomberg L.P. "