USAI, 61% stake in Ticketmaster Online-CitySearch IPO Message Board

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Technology Stocks : USAI, 61% stake in Ticketmaster Online-CitySearch IPO

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To: mary bart who wrote (371)	4/29/1999 2:56:00 PM
From: Ken Turetzky	of 391

From Bloomberg: USA Networks, headed by industry veteran Barry Diller, said its pro-forma loss narrowed to $2.8 million, or 2 cents a share, from $20.3 million, or 14 cents a share, a year earlier. It was expected to lose 16 cents, the average estimate of analysts polled by First Call. Revenue rose 8.5 percent to $728.9 million from $671.7 million. Also: "The results came in better than expected," said PaineWebber analyst Christopher Dixon. "The only over-arching pressure on the stock is Lycos." Comment: USAI beats estimates by 14 cents a share and the stock price gets hammered. Nothing can happen to this stock until the Lycos deal goes through. Forget about all the whining by TMCS and LCOS investors -- the deal is good for them, too. No comment by Diller on the status of negotiations. Is he negotiating?

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