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To: michel petit who wrote (7205)	4/16/1999 10:09:00 AM
From: TC5187	Read Replies (1) \| Respond to of 19700

Lycos Expects Strong Quarter WALTHAM, Mass.--(BUSINESS WIRE)--April 16, 1999--Lycos, Inc. (NASDAQ:LCOS), the second most visited hub on the Internet and the world's largest Web community, today announced that it expects to report continued strong revenue growth and improved operating results for the fiscal third quarter ending April 30, 1999. The Company also said today that it expects to report earnings per share in line with consensus analyst estimates. Lycos expects to report its quarterly financial results during the third week of May. ''Given the slowing growth announced by several other companies in the portal space, we are extremely pleased with the strength of our business as we continue to be the fastest growing company in our industry,'' said Ted Philip, Chief Financial Officer of Lycos. ''With the strong third quarter, we now expect revenue growth in excess of 100% for the full fiscal year ended July 31, 1999 as both advertising and commerce sales continue to post solid gains.'' Also, in response to inquiries, the Company announced that it expects to close the Wired Ventures, Inc. (''Wired Ventures'') acquisition in early June. The Company is filing an amendment to its Registration Statement on Form S-4 with the Securities and Exchange Commission (''SEC'') today. After completion of the SEC review, a Wired Ventures shareholder's vote will be held within 30 business days as the final step in consummating that transaction. ''We expect that we will soon complete the Wired Ventures acquisition which will provide Lycos with quality products, high-profile brands and added reach, further enhancing our multi-brand network strategy,'' said Philip. In connection with this Registration Statement, Lycos has reviewed its accounting treatment for in-process research and development in four completed 1998 acquisitions. In light of the SEC's recent interpretation of the accounting for acquired in-process technology resulting from acquisitions using the purchase method of accounting, Lycos, like many other technology and Internet companies, has reduced its cumulative one-time in-process research and development charges from those acquisitions and adjusted the related amortization of intangible assets for the subsequent quarters accordingly. The adjusted statements, which are being filed with the SEC today, involve only non-cash charges and do not affect previously reported revenues, EBITDA or cash flows for any of the periods.