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

To: CaraMia who wrote (491)	5/1/1999 12:38:00 AM
From: Leslie Tack	Read Replies (2) \| Respond to of 803

Hold or Buy? I can't believe it can go much lower....is the smart money accumulating at these low prices?

To: CaraMia who wrote (491)	5/2/1999 2:06:00 AM
From: Ticklish Tiger	Read Replies (1) \| Respond to of 803

CaraMia, I wouldn't trust that ranking since so many e-players are missing from that list. Only 16 ? I can probably rhyme off at least 30 w/o seriously hurting my brain. On the other hand.... From BANCBOSTON ROBERTSON STEPHENS Keith E. Benjamin, CFA - 415-693-3285 Web Report "TMCS – WIN/WIN WITH OR WITHOUT MERGER – Similarly, we believe TicketMaster Online-CitySearch continues to be overlooked and undervalued, with both ticketing sales and city guides reporting strong results and increasing momentum this week. TMCS reported Q1 revenues of nearly $16.0 million, significantly above our estimates of $11.6 million. Ticketing sales of $9.4 million were nearly double our estimate of $5.4 million. In addition, TMCS is accelerating the pace of new market rollout for city guides from 10 to 25 in 1999. Again, we see prospects for continued strong growth and higher stock values if the proposed merger closes or not. If the deal closes, we like the added benefit that TMCS is trading at a 20+% discount to its post deal value, based on the 0.4465 for 1 exchange ratio of TMCS shares for Lycos shares under the terms of the deal (0.4465*$91 3/8=$40.80). We might argue that TMCS is a more attractive takeover candidate, given the scarcity of local content and commerce Web companies. The company's management has done a great job building the leading brand of local content, with the on-line ticketing business quickly gaining popularity."