Infoseek Reports Fourth Quarter Fiscal 1999 Results; Revenues More Than Doubled Year-Over-Year to $41.3 Million - Company Financial Information

Edge: Work-Group Computing Report, Nov 8, 1999

Communication

Infoseek's new communication platform allows users to connect easily with others who share their interests through contextual message boards and image-enabled chat. The Communities Tab also features free homepage service, with improved builder tools that enable users to easily create Web-based photo albums and personal pages. In addition, Infoseek has announced:

-- GO Invite. A new community offering through a partnership with Evite.com that enables users to plan group activities and events by using invitation tools and services.

-- GO Organizer. GO Network announced an agreement with eCal.com and DayRunner to produce an online calendaring and personal organizer product. GO Organizer is currently featured in beta mode on the Communities Tab.

Shopping

-- GO Network Auction. Debuted in early October, GO Network Auction offers consumers a friendly and personalized service to trade collectibles and other quality items (such as a Rolling Stones autographed guitar, a Kristi Yamaguchi autographed ice skate, and more). GO Network Auction also brings online auctions to a new level through more attention to reliability, safety and fun. Additionally, Infoseek has teamed with I-Escrow to offer an extensive integration of escrow services into its auction site.

-- GO Shopping. GO Network partnered with several leading companies to expand the product offerings on GO Shopping, including Furniture.com and PETsMART.com. In addition, by teaming with BizRate.com to offer a new merchant rating system and with Active Research to provide a comprehensive "What To Buy" guide on GO Shopping, GO Network continued its strategy to enhance the user experience and provide reliable commerce services.

ESPN.com

-- ESPN.com saw its reach increase to 7.6 million unique users in September, a record for Internet sports entities, according to recently released Media Metrix figures. The previous record of 7.1 million unique users was also set by ESPN.com in March 1999.

"This latest reach figure re-affirms that there is no better place to reach sports fans than ESPN.com and its league partner sites," said Steve Zales, senior vice president and general manager, ESPN Internet Ventures.

ABCNEWS.com

-- ABCNEWS.com's unique users rose 19% to 3.2 million according to the September Media Metrix report. Additionally, ABCNEWS.com launched a live Internet-only video news program anchored by Sam Donaldson. SamDonaldson@ABCNEWS.com is the first regularly scheduled, live, television-quality Webcast offered by a broadcast network.

Ultraseek Software

Revenues from Infoseek's Software Division more than doubled over the comparable prior year period to $4.4 million, or 11 percent of Infoseek's revenues for the fourth fiscal quarter. Licensees of Ultraseek Server now total over 1,500 organizations, including over 150 of the Fortune 500. Ultraseek product introductions during the fourth quarter included:

-- The Ultraseek Server 3.1, a new version of the award-winning enterprise search application for Fortune 500-size corporate Intranets, enterprise portals and external Web sites. The product is the first to offer indexing and search for XML Fields and provides powerful new capabilities including third party search access to documents hosted by Microsoft Exchange, the ability to index and search secure documents protected by Windows NT Challenge/Response, and the integration of leading advertising servers for commercial sites.