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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Ellen who wrote (71601)	11/15/1999 5:46:00 PM
From: Jenna	Respond to of 120523

Lycos Reports 126% Increase in Revenues Lycos rises on higher Q1 revenues November 15, 1999 + earnings play 1> LCOS - LYCOS INC .INT Price= 58.9 VL/30= 59.9 %Rnge= 98.0 Sto9V= 72.4 W14dV= 59.0 %Hi4 = 100.0 1-Dy = 104.6 50MA = 112.9 10MA = 105.0 By Tomi Kilgore, CBS MarketWatch Last Update: 5:26 PM ET Nov 15, 1999 NewsWatch Pulse NEW YORK (CBS.MW) -- Shares of Lycos rose 1 5/8 to 61 1/2 in Instinet after-hours trading after the Internet search engine (LCOS: news, msgs) posted Fiscal 2000 first-quarter revenue that more than doubled over the year-ago period. Lycos reported revenue of $56 million for the quarter versus $24.8 million posted in fiscal 1999 first quarter. Earnings per share of one cent were in line with the consensus estimate of analysts surveyed by First Call and an improvement from the 3 cents a share loss posted a year earlier. WALTHAM, Mass.--(BUSINESS WIRE)--Nov. 15, 1999-- Second Sequential Pro Forma Profitable Quarter 17% Sequential Growth in Quarterly Traffic 24% Increase in Revenues from Previous Quarter Generated over $10 million of Positive Cash Flow in the Quarter Lycos, Inc. (NASDAQ:LCOS - news), the fastest growing Internet portal and the world's largest online community, today announced financial results for its first quarter of fiscal year 2000 ended October 31, 1999. Revenues for the quarter were $56.0 million, representing an increase of 24% over the previous quarter ended July 31, 1999 and a 126% increase over the comparable period from the previous fiscal year. The Company reported a profit of approximately $700,000 or $0.01 per share for the quarter before amortization of intangible assets. ''We are extremely pleased with our performance this quarter as our growth rates have once again led the industry,'' said Edward M. Philip, Lycos' chief operating officer and chief financial officer. ''In addition, through a series of acquisitions and key strategic alliances, we expanded the depth and breadth of our services and distribution throughout the world.''