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Technology Stocks : Lycos (LCOS)
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To: paul tuok who wrote (34)2/7/1997 2:51:00 PM
From: Tom Hua   of 53
 
Paul, good choice. I shorted yesterday @ 21 1/4. Lycos and Yahoo have enjoyed a very nice runup this year. In the case of LCOS, it has doubled. I just can't see how the company is valued at ~300 million. There's a lot of hype about advertising on the net. And I agree we will see increasing advertising spending but it seems people think the total ad spending will be spread among the search engine companies only. IMHO, that's the biggest faulty assumption. I have seen more ads on non-search-engine sites than on YHOO, LCOS etc combined.

BTW, what's your cover target?

Regards,

Tom
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