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To: Mark Peterson CPA who wrote (4699)	2/10/1999 8:07:00 AM
From: badon518	Read Replies (2) \| Respond to of 19700

i suspect that the haircut was caused first by genuine concerns over valuation, but second, at least insofar as the lycos deal, by playground psychology. my theory is that shareholders were insulted that lycos was bought by the home shopping network and not ge/nbc. this and other message boards were full of speculation that this old, prestigious company would buy lycos, which would somehow legitimate lycois as an intenret company and peer of nbc-- a broadcast network. the homne shopping channel just doesn't have that cachet, although as a cable channel, it too, like lycos, is part of a newer paradigm than say nbc. but it doesn't have the status. heck, who among us doesn't have an aging relative who is always ordering expensive junk from hsc? or surfs rights past it on our cable remote controls? i think that if nbc had given the same deal to lycos that hsc did, the stock would have skyrocketed. once people get over their peeve, the stocks should stabilize. imho.