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To: getgo234 who wrote (57277)	5/18/1999 6:02:00 PM
From: blankmind	Read Replies (1) \| Respond to of 164685

Lycos Loss Narrows, Sets Stock Split Full Coverage USA Networks - Lycos Merger Scrapped NEW YORK (Reuters) - Lycos Inc. (Nasdaq:LCOS - news), the No.1 Web media network, Tuesday posted a narrower-than-expected third quarter loss as new electronic commerce pacts pushed revenues up 132 percent. The Waltham Mass., company also said its board approved a 2-for-1 common stock split Lycos, which recently moved ahead of rival Yahoo! Inc. in terms of visitors, reported a net loss for the quarter ended April 30, of $13.3 million or 31 cents a share compared with a loss of $22.0 million or 71 cents per share, in the year ago quarter. The latest quarter's loss included merger and acquisition-related expenses. Excluding these items, the company said it had a pro forma loss of $1.0 million or 2 cents per share compared with a loss of $3.5 million or 11 cents per share, a year earlier. Analysts expected Lycos to post a loss of 3 cents per share, according to research company First Call which tracks such estimates. Revenues for the third fiscal quarter totaled $35.1 million compared with $15.1 million a year earlier, representing a 132 percent increase from the year ago quarter and a 15 percent increase over the previous quarter ended January 31. Third quarter revenues exceeded LaSalle St. Securities analyst Daniel King's expectation of around $31 million. Lycos previously reported on May 13 that it signed a record $200 million in third quarter electronic commerce pacts with companies such as Audio Book Club Inc., WebMD and Auto Connect. Traffic through the Lycos network of Web sites rose by 20 percent during the quarter to 60 million Web page views per day. Traffic growth was in line with King's estimate. Lycos was at $115.5 in after-hours trading, up from a close of $112.94. dailynews.yahoo.com