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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme -- Ignore unavailable to you. Want to Upgrade?

To: Nanda who wrote (6576)	7/6/1998 10:11:00 PM
From: STEAMROLLER	Read Replies (1) \| Respond to of 8798

The Motley Fool's Market Movers (Heroes) The Motley Fool - July 06, 1998 18:34 Jump to first matched term July 6, 1998/FOOLWIRE/ -- The announcement of a two-for-one stock split by Internet content aggregator and portal company Lycos Inc. (Nasdaq: LCOS) sparked a trading frenzy in several Internet-related stocks, sending their share prices skyward like a July 4th fireworks display. Lycos rose $20 1/2 to $99 9/16, Excite (Nasdaq: XCIT) picked up $8 1/16 to $107, Yahoo! (Nasdaq: YHOO) tacked on $26 3/8 to $199 1/4, NetGravity (Nasdaq: NETG) gained $7 7/8 to $27, USWeb Corp. (Nasdaq: USWB) moved up $4 1/8 to $29 1/4, and Amazon.com (Nasdaq: AMZN) marched ahead $15 1/2 to $139 1/2. Wall Street goo-roos gave various explanations for the continuing run-up, including short squeezes, too many retail brokerage houses chasing a limited supply of shares, and merger speculation following the recent investments in CNET Inc. (Nasdaq: CNWK) and Infoseek (Nasdaq: SEEK) by General Electric's (NYSE: GE) NBC unit and Walt Disney Co. (NYSE: DIS), respectively. Regardless of what is causing the rally, valuing the companies is becoming more challenging in the eyes of some analysts. Zapata Corp. (NYSE: ZAP) surged $11 5/8 to $21 1/2 after saying it will split into two publicly traded companies. The new Zapata Corp. will include the company's marine protein and food packaging businesses, while ZAP Corp. will operate the firm's Internet operations. In connection with the split, ZAP will acquire or invest in 21 Internet content and e-commerce sites and bundle them together in a "portal." (Sadly, The Motley Fool was left off the wish list) The move follows a failed $72 per share bid for portal company Excite (Nasdaq: XCIT) on May 21, which was widely dismissed as a publicity stunt. Interestingly, Zapata's plan to produce the actual content on its portal site runs counter to Excite's strategy. In a recent interview, Excite co-founder Joe Kraus emphasized the company's role as a content distributor, rather than as a content provider.