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To: RockyBalboa who wrote (4906)	9/8/1999 9:06:00 PM
From: Gerry Kline	Respond to of 5102

Lycos

To: RockyBalboa who wrote (4906)	9/9/1999 12:33:00 AM
From: Allen champ	Respond to of 5102

Web Hub Lycos Agrees to Acquire Quote.com for About $78.3 Million Dow Jones Newswires WALTHAM, Mass. -- Lycos Inc. agreed to acquire Quote.com Inc., an online financial information company, for about $78.3 million. Lycos said Quote.com will be added to the Lycos Network through the acquisition, which is expected to close by the end of the year. Other parts of the Lycos network, aside from the core Lycos portal, are Web-community Tripod, news site Wired Online and search service HotBot. The company said the transaction will bring thousands of paying Quote.com subscribers to Lycos. Quote.com, which was founded in 1993 and launched its site a year later, has had discussions with a number of potential buyers. As recently as late last year, it was in serious talks with Intuit Inc., according to people close to the discussions. Robert Honeycutt, who took over as Quote.com chief executive in January, said in a statement that "Quote.com branded services bring category leadership in investment information to Lycos, enriching the Lycos experience for its visitors." Quote.com boasts a relatively large audience of registered users and has a brace of much-admired technical tools. Still, although Quote.com was one of the first places on the Web where users could get detailed financial information, it has been hurt by the proliferation of competing financial sites. One problem for the company is that it charges fees for access to live quote information and sophisticated charting, services that are available for free elsewhere on the Web. Under the definitive agreement, Lycos will acquire Quote.com's outstanding capital stock and assume the company's stock option plan.