To: Kevin Hamlin who wrote (1457 ) 11/23/1998 9:39:00 PM From: waldo Respond to of 37507
It appears that Steve Harmon made a few comments about us last Monday: >>News behind the moves: Lycos (NASDAQ:LCOS) shares rise 17% to $59.625 per share after the Web guide cuts a deal with Bertelsmann AG to sell books via the Web in Europe via Lycos' European sites. Deal value = $10 million over 3 years. Merrill Lynch also raised its recommendation on LCOS to "near-term buy" from "accumulate" based on Lycos' acquisition of Wired Digital, which it expects to add to Lycos' top line. We would agree that Wired Digital represents a new branded revenue stream but caution that the transition and possible culture clash of the new owner, Lycos, with Wired Digital may cost Lycos bottom line and certainly time. Restructuring by any other name. CNET (NASDAQ:CNWK) climbs 14% to $57 per share on an agreement with buydirect.com, which plans to use CNET's software reviews alongside its software etail efforts. CNET also owns equity in buydirect.com. Here's a thought we bring to the table: if EarthWeb is valued at $532 million then CNET, which has brand value, more revenue by far, and reported earnings recently, should command a premium. CNWK market cap is $965 million. Many Web speculators looking for the "next eBay" or "Onsale" have been caught up in talk of Canadian firm BID.COM (Toronto:BII.TO). Shares of this penny stock have rollercoastered up and down for months. The problem with these issues rests in the fact that it's almost impossible for investors to easily get U.S.-style financials about them, step one in making a market and maintaining it for such micro caps. The other problem is currency conversion for such shares. Still another problem: for what it's worth finding and trading these smallbies is a lot of work in relation to the return potential, which often is limited by the above factors and more. The monthly heads up you don't want to miss--Steve Harmon's Finance Tips, only via email sign up here now!<< W