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Technology Stocks : IFLY - travel sales on the web pure play

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To: Prophet who wrote (1020)	5/5/1998 11:17:00 AM
From: David Cal	Read Replies (1) of 4761

Internet shrs seen up on Netscape-Excite agreement NEW YORK, May 5 (Reuters) - Internet shares are expected to rally on Tuesday after Netscape Communications Corp. (NSCP - news) and Excite Inc. (XCIT - news) said they agreed to jointly build the content and search capabilities for their Web sites. The companies announced the deal late Monday. ''The deal last night is going to get them (Internet shares) going,'' one trader said. He added, however, ''I think the landscape changes so fast on these things you can't value them. They're great for trading, but not to hang onto long-term.'' Nonetheless, in pre-open trading Tuesday shares of Excite stood at 79-1/8, up from their close of 72-13/16 on Monday. Netscape, which will get $70 million up front from Excite in the deal, also rose. The company's shares were at 31-7/8, up from a 29-9/16 close Monday. Other stocks to watch include Lycos Inc. (LCOS - news) and Infoseek Corp. (SEEK - news), traders said. Lycos closed at 68-10/16 Monday, while Infoseek closed at 33-4/16. ----------------------------------------------------------------------

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