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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Big who wrote (74139)	5/10/1999 8:54:00 AM
From: ilh1	Read Replies (1) \| Respond to of 119973

USA Networks may end attempt to buy Lycos By Bloomberg News Special to CNET News.com May 10, 1999, 5:10 a.m. PT URL: news.com USA Networks, a media and electronic-commerce company, may abandon plans to buy Lycos, a Massachusetts-based Internet search company, according to reports. USA Networks hasn't reached a final decision on ending its agreement to buy Lycos, though strong shareholder opposition at Lycos has led USA Networks to conclude takeover plans would fail at a shareholder vote scheduled for July, the Wall Street Journal reported, citing people familiar with the matter. USA Networks is expected to vigorously pursue other Internet deals through its Ticketmaster Online-CitySearch subsidiary, the newspaper said. USA Networks said April 29 its first-quarter loss narrowed, while cash flow increased, helped by higher advertising revenue at its USA Network and Sci-Fi cable-television channels.