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To: Rene Madsen who wrote (10936)	6/27/1999 9:19:00 AM
From: Jenne	Read Replies (1) \| Respond to of 19700

Lycos Considers Joint Ventures in Australia, China to Expand Web Services By Aimee Picchi Lycos Eyes Joint Ventures in Australia, China (Update1) (Updates with closing stock price.) Waltham, Massachusetts, June 25 (Bloomberg) -- Lycos Inc., the No. 3 Internet search service, is considering joint ventures in China and Australia and to expand its Web-based services to those regions, said Chief Executive Bob Davis. Lycos is talking with possible partners in those countries, though nothing has been decided yet, Davis said in an interview. The company provides Lycos versions in several European languages and countries as well as in Japan and Korea. Davis said the company will unveil a Latin American version soon. Any joint venture would be structured similarly to its European unit, a joint venture between Lycos and Bertelsmann AG that was created in 1997 with an investment from Bertelsmann and technology from Lycos. Rival Yahoo! Inc., the No. 1 Internet search service, already runs an Australia and New Zealand-based service as well as a Chinese-language version. Having a partner in Europe has put Lycos ''miles ahead of where we would be if we were alone'' because local partners understand the culture and business models that work there, said Chief Financial Officer Ted Philip. The Waltham, Massachusetts-based company is also considering selling shares of its European unit to the public. Lycos said that selling shares of the unit would allow it to make acquisitions to expand its European business. Lycos fell 3 5/8 to 91 13/16.