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To: KeepItSimple who wrote (18074)1/13/1999 7:55:00 PM
From: tonyt  Respond to of 27307
 
RESEARCH ALERT-Deutsche Bank cuts Internet stocks

Reuters, Wednesday, January 13, 1999 at 19:46

NEW YORK, Jan 13 (Reuters) - Deutsche Bank Internet stocks analyst Alan Braverman downgraded his ratings on Lycos Inc. (NASDAQ:LCOS), Yahoo Inc.(NASDAQ:YHOO) and Excite Inc. (NASDAQ:XCIT) from "buy" to "accumulate," due to concerns about valuation, his office told Reuters late Wednesday.
He maintained his buy rating on America Online Inc.(NYSE:AOL).
Shares in the three major Internet companies that were downgraded fell in after-hours trade, CNBC said.

Copyright 1999, Reuters News Service