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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: John J H Kim who wrote (8137)	2/9/1999 12:16:00 PM
From: AlienTech	Read Replies (1) \| Respond to of 43080

>>But the market is seem to be saying something else. << Well since these are momentum investors where momentum does not equate to rising earnings rather rising stock prices, I dont think anyone is even paying attention other than to the fact that the stocks dropping so its a good short. Or its going up so buy buy buy buy.

To: John J H Kim who wrote (8137)	2/9/1999 12:22:00 PM
From: AlienTech	Read Replies (1) \| Respond to of 43080

=With Lycos, USA's Diller Emerges As A Mini-Mega Media Mogul By Brian Steinberg NEW YORK (Dow Jones)--Long thought of as the inspiration behind Mr. Burns, the obstinate mogul portrayed on the popular T.V. cartoon series "The Simpsons," USA Networks Inc. (USAI) Chairman and Chief Executive Barry Diller appears to be bucking that unwelcome image. USA said Tuesday that it has agreed to merge its e-commerce and Internet assets with the operations of Lycos Inc. (LCOS), making Diller perhaps the best-positioned tycoon to catch the e-commerce wave. As part of the deal, TicketMaster Online-City search (TMCS), of which USA controls about 60%, and Lycos will merge. USA Networks will contribute its Home Shopping Network, TicketMaster and Internet Shopping Network/First Auction to the venture. The combined company will be named USA/Lycos Interactive Networks Inc. USA will own 61.5% of the combined company, while Lycos shareholders will own 30%. TicketMaster Online holders, excluding USA Networks, will own 8.5% of the new company. Should the new firm's shares attain a value of $45 million at certain times, investors in both Lycos and TicketMaster Online may have the chance to boost their ownership stakes. The transaction is subject to regulatory approvals, including Lycos shareholder approval. Lycos' largest shareholder, COG Information Services, which owns about 20% of Lycos' outstanding shares, has said it supports the transaction, according to the companies. USA Networks expects the transaction to be completed in the second quarter. Analysts believe Diller, who will become chairman of the new company, may be left with a better connection between entertainment assets and Internet holdings than many of his media contemporaries. "Does this make him a media mogul? He already was one," said Bruce Leichtman, a media and entertainment analyst for the Yankee Group, a Boston consultancy. But this deal may offer the best example of a broadcaster linking to the Internet than any that have come before, he said. USA's assets, which also include a passel of local TV stations and the USA and Sci-Fi cable networks, "fit much better than a broadcaster looking to extend its brand and make money down the road," Leichtman said. The Web has been littered with deals and near-deals between TV networks and Internet portals in recent months. General Electric's NBC has allied itself with Snap! and the female-oriented iVillage. CBS Corp. (CBS) allied itself with America Online Inc. (AOL), while Disney Co. (DIS), parent of the ABC network, snatched up a stake in Infoseek Corp. (SEEK). (MORE) DOW JONES NEWS 02-09-99 11:34 AM