LCOS upgraded to buy, from hold, by CSFB.
NEW YORK, May 25 (Reuters) - Credit Suisse First Boston on
Monday said analyst Lise Buyer upgraded her opinion on the
shares of Web media company Lyons Inc. to buy from hold.
-- On Monday, Nasdaq said Lycos will join the Nasdaq-100
Index, effective at the beginning of trading Friday, May 28.
-- Lycos stock closed down $8.87 at $97.75 on Monday.
-- In a brief, Buyer said she raised the rating on Lycos
"to reflect optimism that someone, either management or an
outside strategic investor, will help the company monetize the
28.9 million unique users which visited a site on the Lycos
network last month."
-- "We continue to focus on revenue and profitability per
customer as the most important Internet valuation measure," she
said, adding that "On this count, Lycos has significant
unrealized potential."
Copyright 1999, Reuters News Service
|
