Lycos Message Board - Msg: 7405417

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Technology Stocks : Lycos

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To: jhg_in_kc who wrote (1403)	1/21/1999 2:59:00 PM
From: AJ Berger	Read Replies (1) of 2439

Internet Fever now has Chicken Soup the ATHM/XCIT deal did one thing for the whole sector. It put a dollar figure on a Search/Portal site, that before could not be distinctly valued. Therefore all assessments of Internet stock value are being realigned to fit the ATHM/XCIT kind of valuation model. That model has made LCOS an obvious bargin, and that's why we are here buying this stock; so when if any deal is consummated, we should be on the profitable side of the price curve. Thousends of Wall Street types now have the ATHM/XCIT formula to apply to their spin on other Internet holding valuations, and it's only that dynamic that is now introducing uncertainty in the inet's. as for Yahoo falling from $400, the ATHM/XCIT deal only illustrates how Oppenheimer should have never giving it that target price to begin with. Every short I know is watching EBAY due to the float increase. This is a special story that has nothing to do with overall Internet Euphoria. IMHO Faber's report is not saying anything we did'nt know 3 days ago, and drawing unsupportable conclusions.

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