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Technology Stocks : Excite [XCIT], an exciting stock to own in 1999! -- Ignore unavailable to you. Want to Upgrade?

To: Derrick P. who wrote (2188)	9/11/1998 9:19:00 PM
From: Charger	Respond to of 3183

Thank you for that article with all the astounding insider selling of internet stocks. Here's another - smartmoney.com Some of the other Internet valuations are equally ridiculous. Should you really be paying 75 times Lycos's (LCOS) expected year 2000 profit of 33 cents per share? At today's price of 25 and with losses last year of 12 cents, you're paying a lot for what you might get out of Lycos two years down the road. With a loss of 23 cents expected this year, Excite's multiple of 68 times next year's projected earnings of 38 cents per share is cheaper, but it's still rather gross. Yes, I am short XCIT as I do not think it can sustain this over-valuaton, especially in light of the almost certainly coming "recession".