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Strategies & Market Trends : LastShadow's Position Trading

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To: AlienTech who wrote (8197)	2/10/1999 9:43:00 AM
From: Jay Lyons	Read Replies (1) of 43080

A Cramer excerpt with another slant on the LCOS deal. Gotta love the hula hoop analogy. Which company will be the first to say "Hey, we have no Net here! We're NOT the dot in .com. We have no Web work!" Soon Broadcom (BRCM:Nasdaq) will rue the day it put a .com on its name. And Webster Financial of Connecticut will have to change its name to Torrington Savings or something. Yeah, we are in the backpedaling stage, big time. Even as people at the Goldman Sachs Technology conference were joking about how anything .com was working better than enterprise software, personal computers or semi equipment, the die had been cast. The mania had been crushed and the margined players were biting the dust. Nastola is the word. Network Solutions' (NSOL:Nasdaq) broken secondary spoke tomes (a broken secondary is one that doesn't hold the print price where the deal was sold). But it was the Lycos (LCOS:Nasdaq) betrayal that cut the heart out of the move. Short of Excite (XCIT:Nasdaq) merging with the Hula Hoop company, there couldn't be a worse combination. Wonder if Barry Diller had some TheStreet.com Internet Sector index puts on when he pulled this one off? Could he be that brilliant?

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