Is LCOS worth $20? Message Board

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Strategies & Market Trends : Is LCOS worth $20?

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To: blast_investor who wrote (8)	2/20/1997 11:00:00 PM
From: Timothy R. West	of 23

Henry, CMGI owns 60% of Lycos? CMGI has 14.7 million in debt and has 9.10 million shares o/s @ $15.50 (Feb 19th close) or $141 million mkt cap. LCOS has 13.75 million shares @ $22.13 (Feb 19th close) or $305 million mkt cap. CMGI's stake in LCOS is worth (60% of $305 million) or $183 million, less their debt of 14.7 million and arrive at $168.3 million/9.1 million shares of CMGI = $18.49 value. So effectively (if you are right about the 60% ownership of LCOS) you can buy CMGI on the open market at $15.50, but in fact you are getting $18.49 worth of Lycos stock! Wow! A 19% profit without much risk! I'll do some more digging.... CMGI insiders own 25% of the stock. That's a good sign. Call the company 508-684-3600 (Massachusetts) and ask investor relations if this is true! Regards, Tim West technicaltim.com Yes, I'm a technical analyst... 11:00 pm, Thur Feb 20th

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