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Technology Stocks : Lycos -- Ignore unavailable to you. Want to Upgrade?

To: Joe E. who wrote (1438)	1/26/1999 8:26:00 PM
From: puborectalis	Respond to of 2439

Lycos CEO to sell 60,000 shares By Jeff Pelline Staff Writer, CNET News.com January 26, 1999, 4:00 a.m. PT No one has emerged to buy out Lycos, industry rumors notwithstanding, but a seller of the stock has appeared during this month's steep run-up of the Internet directory's shares: Lycos chief executive Robert J. Davis. According to a new regulatory filing, Davis intends to sell 60,000 shares of Lycos stock valued at $5.5 million. Davis could not be reached for comment. Do you want to know more? Read related news View story in The Big Picture Go to Message Boards Search News.com Davis's planned sale of Lycos shares--disclosed in a Securities and Exchange Commission "144" filing from late this month--comes amid a sharp upturn in the Waltham, Massachusetts, company's stock price. The spike has been partly fueled by rumors that all or part of Lycos may be up for sale. Would-be investors have included Microsoft, Time Warner, CBS, and Bertelsmann, among others. The Internet issue has risen almost 90 percent in January alone. Speculation about Lycos' future increased in the wake of last week's buyout of Excite by @Home for $7.5 billion--a hefty premium. In a speech today, Davis said Lycos preferred to remain independent. Davis will still hold a large amount of his Lycos stock, according to regulatory filings. He holds 349,475 shares, according to the latest proxy statement, dated in November. This includes 2,875 shares held by Davis and options to acquire an additional 346,600 shares, which are exercisable or become exercisable within 60 days. Davis also holds options to buy 556,400 shares of stock, which becomes exercisable after 60 days. Related news stories • Lycos CEO committed to independence January 25, 1999 • @Home buys Excite in $6.7 billion deal January 19, 1999

To: Joe E. who wrote (1438)	1/26/1999 8:30:00 PM
From: Scrumpy	Read Replies (1) \| Respond to of 2439

Long term it reads bad to me, but I'm not an expert on advertising revenue. And I don't expect Lycos to wax "independent" philosophical dribble for too long. I expect 'em to get "assimilated" when an appropriate suitor shoves enough cash in it's face - sooner now that Alta Vista is on the block. Today's news left me perplexed. Either Lycos just (a) head-faked us all to see who would lunge (or bail) on the news - i.e. testing the volatility waters or (b) walked from a low (GE) offer (leaving AOL and big fat Yahoo to buy more of!!). GE strikes me as an odd parent and "conservative" (not sure why "conservative" comes to mind) so if I were a stodgy manager wanting to make a splash, I'd consider AOL first (more predictable revenue-generating base, consumers, etc...I guess). Though, Lycos apparently has better "numbers". Scrumpy