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Technology Stocks : Ticketmaster-Citysearch (TMCS) -- Ignore unavailable to you. Want to Upgrade?


To: blankmind who wrote (444)4/9/1999 2:34:00 PM
From: steve patagonia  Read Replies (1) | Respond to of 803
 
It's just confusion. TMCS is gold. Investors are under the impression that the stock is getting diluted. No matter what happens to stock, whether it's swapped, put in different portfolios, whatever, it retains it's value based on a companies earnings. Just because Diller has made TMCS part of this USAI-LYCOS conglomerate doesn't mean that TMCS stock has been diluted which would devalue it. ONLY, if they issued more shares would this happen. TMCS has it's own books, earnings, etc.. If it makes you feel any better than read this if you haven't already:

BancBoston Robertson Stephens managing director and senior Internet
analyst Keith E. Benjamin today asserted in his Weekly Web Report that the
frenzy over Internet stocks continues to be based on strong fundamentals, as
Internet companies begin reporting earnings.

"We believe there are still opportunities to accumulate the stocks of a
few inherently large companies caught by some confusion, but set to report
impressive first quarters, in our view. We remain focused on Amazon
(Nasdaq: AMZN) (rated Strong Buy), Lycos (Nasdaq: LCOS) (rated Buy),
Ticketmaster/Citysearch (Nasdaq: TMCS) (rated Buy), SportsLine (Nasdaq: SPLN)
(rated Buy), Network Solutions (Nasdaq: NSOL) (rated Buy) and C/NET
(Nasdaq: CNET) (rated Buy)," said Benjamin. IF THIS IS NOT A HINT, I DON'T KNOW WHAT ELSE IS.